Blockchain is a public ledger that automatically records and verifies transactions. Distributed Ledger Technology (DLT) powers Bitcoin, Ethereum, and other virtual currencies, which have been hit hard this month. What is not so widely known is that DLT can change all the ways in many industries. There are many use cases for transparent and verifiable registers of transaction data, because DLT is run on a decentralized platform, making it fraud-proof.
With the help of education colleges and community organizations, we have identified 26 ways that DLT can be deployed to school districts, networks, middle school institutions, and community organizations to improve learning opportunities.
1. Academic certificate: The academic certificate must be universally recognized and verified. After K-12 and high school graduation, the verification of academic certificates is still basically a manual process (a large number of paper documents and case-by-case inspection). The DLT solution can simplify the verification process and reduce fraudulent requirements for unobtained educational credits.
Learning Machine is a software start-up company that has been in business for 10 years. It has launched a clockwork tool set in cooperation with the MIT Media Lab. It provides an open foundation for creating, issuing, viewing and verifying blockchain-based certificates. structure.
The CEO of Learning Machine Services said that there are still many design decisions to be made before the DLT academic certificate is widely used. He believes that the blockchain will store the location in a fully documented system.
2. Badges: Specific skill assertions can be verified and communicated through digital badges. Multiple badges can be assembled into an open-stamped passport, which enables students to negotiate careers with future employers.
Indorse is using blockchain to verify electronic portfolios. The user uploads a statement with a verification link, and other users can directly verify the statement.
3. Student records: Sony Global Education has developed an education platform in cooperation with IBM, which uses blockchain to protect and share student records.
Storing a comprehensive learning record on a distributed ledger may prove to be computationally expensive and therefore prohibitively expensive. As Pittinsky predicted, DLT may only be used as a directory rather than a data warehouse.
4. Identity management: With the popularization of learning applications and services, identity management is a big issue in education. Platform block stacks like this help users carry their identities on the Internet. Users will access applications on the scattered network and have data portability.
5. Infrastructure security: As schools add more security cameras and sensors, they need to protect their networks from hackers. Shaqi is using the blockchain's tamper-proof ledger to share secure data on a network of devices.
6. Carpooling: Blockchain can inject new options into free-riding oligopoly. With a distributed ledger, drivers and riders can create a user-driven, value-oriented market. DLT rideshare allows drivers to establish their rates (charge a certain percentage of the fare) to interact with blockchain records. This professional driver is very attractive. They want to establish their own business instead of being controlled by the corporate headquarters.
The school district can negotiate with a group of selected drivers for delivery (for example, special needs, isolated students, work-based learning).
7. Cloud storage: As learners and educational institutions store more data, DLT cloud storage can provide a safer and cheaper alternative. Filecoin launched a high-profile crypto project called "Airbnb File Storage," which specializes in rewarding file custodians.
8. Energy management: For educational institutions with renewable energy, DLT can reduce the demand for intermediaries. The Brooklyn startup supports decentralized energy production programs across the grid of activities, allowing entities to produce, buy, and sell energy to their neighbors.
9. Prepaid cards: Blockchain can help retailers provide secure gift cards and loyalty programs without intermediaries. Gyft, an online platform for buying, sending and redeeming gift cards, cooperates with blockchain infrastructure providers. In a project called Gyft Block, gift cards are operated for thousands of small businesses.
Cities, schools, and families can use prepaid cards to purchase off-campus learning experiences (for example, LRNG (card) and related transportation.
10. Smart contract: Once a set of specified conditions is met, DLT can be used to automatically execute the agreement. These "smart contracts" have the potential to reduce paperwork in many sectors, including education.
Woolf University is composed of professors from Oxford University and will use DLT to execute smart contracts. The "sign-in" of a series of students and teachers is the key to executing a series of smart contracts, which can verify attendance and completion of homework. Signing in may be as simple as clicking a button on a mobile app, but it executes a smart contract, pays teachers’ fees, and provides students with small credits.
DLT can promote distributed learning. Countries or institutions can use blockchain-based smart contracts to fund student accounts and provide all funds in advance. The SMART contract will release it when certain criteria are met. (Obviously there are many policies that need to be addressed: ideal experience and skills verification, qualified providers, terms and conditions, etc.)
11. Learning the market: The core competitiveness of DLT is eliminating the middleman. It will be used to create various learning markets, from exam preparation to surfing schools.
Teachers please be Russian pilots on the "discipline" platform. Teachers and students gather together. It helps students find and pay for courses registered by educational institutions or teachers. Woolf (rank 16) is an example of a new higher market.
12. Record management: DLT can reduce paper procedures, reduce fraud, and increase the responsibilities between the authorities and their service organizations. An early example, the Delaware Clockwork Initiative, aims to establish an appropriate legal infrastructure for the allocated ledger shares to improve the efficiency and speed of registration services. Illinois, Vermont and other states have announced similar initiatives. Startups are also assisting in this effort: In Eastern Europe, the BitFury group currently works with the Georgian government to ensure and track government records.
13. Retail: DLT can safely connect buyers and sellers together in the market. OpenBazaar is an open, peer-to-peer network that connects buyers and sellers, rather than intermediaries. Customers use any of the 50 cryptocurrencies to buy goods, while sellers pay in Bitcoin.
DLT can be used to power school stores and student businesses. In some cases, global networks are attractive, but in other cases, permitted (private) ledgers may limit the scope of the school’s economy.
14. Charity: For charitable donations, DLT provides the ability to accurately track donations, and in some cases, it is also influential. For example, GiveTrack, from the BitGive Foundation, is a blockchain-based donation platform that provides the ability to transfer, track, and provide permanent records of charitable financial transactions on a global scale.
Donors to schools and NGOs may find accountability and transparency attractive.
15. Human resources: For human resources professionals, conducting background checks and verifying employment history is a time-consuming and highly manual task. If employment and criminal records are stored in the DLT, HR professionals can simplify the review process and advance the recruitment process faster.
Chronobank is committed to improving short-term recruitment for on-demand jobs (such as cleaning, warehousing, e-commerce). The goal of this startup is to use blockchain to allow individuals to find jobs more easily and get rewards through a decentralized framework of cryptocurrency without the involvement of traditional financial institutions.
Schools can use similar functions in alternative and driving management and after-school and summer activities markets.
16. Governance: The benefits of using blockchain for smart contracts and verifiable transactions can also be used to increase the transparency of business accounting. For example, the Boardroom application provides a governance framework and applications that enable companies to manage smart contracts on the public and permissioned Ethereum blockchain.
The application provides an organization with a management system to ensure that smart contracts are executed in accordance with the rules coded on the blockchain (or update the rules themselves).
Boardroom can also use the application to conduct shareholder voting through proxy and cooperative proposal management.
17. Libraries: DLT can help libraries expand their services by establishing an enhanced metadata archive, developing a support for community-based collection protocols, and promoting more effective digital rights management. The School of Information at San Jose State University received a $100,000 grant from the Institute of Museum and Library Services to fund a one-year project to explore the potential of blockchain technology in information services.
18. Publishing: Blockchain may have multiple applications in the publishing industry, which can manage copyright piracy. New platforms are emerging to balance the competitive environment for writers and encourage collaboration among authors, editors, translators, and publishers. Educators, students, and NGOs may realize the benefits of expanding publishing options.
Etalum allows authors to publish their work on the platform. Readers can buy books from the platform, using the encryption currency Authorship (ATS) based on Etalum, and authors can get 90% of royalties from ATS. Authors own the copyright of their work, so they have the freedom to publish and distribute it elsewhere.
PageMajik is a workflow management system designed to simplify the publishing process. The system provides a secure, centralized directory of all files, which can be easily accessed by authors, editors, and publishers. Everyone's roles, rights and obligations can be specified before they actually start using the platform to minimize errors. PageMajik is adding blockchain technology to its next version of its workflow system.
19. Public assistance: Blockchain can help simplify the public assistance system for families and students. The United Kingdom began to cooperate with the startup GovCoin Systems in 2016 to develop a blockchain-based solution for welfare payments to conduct trials. GovCoin divides the money in different depositories to pay different fees. Recipients can get benefits paid in cryptocurrency through the mobile application.
20. Bonds: The World Bank is using blockchain to sell bonds. Shifting this process to the blockchain can reduce costs and speed up transactions for bond issuers and investors. School districts can benefit from faster and cheaper bond sales.
David McArthur outlined the limitations and challenges of DLT solutions in education. He also listed the benefits of issuing a ledger instead of making a public ledger. These smaller private networks can strengthen security and reach consensus on faster and cheaper transactions.
McArthur concluded: "In terms of education innovation, blockchain and ledgers are likely to bring benefits, but they are not revolutionary reforms."
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