Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Education industry 2018-08-21

How Franchisors Can Use Blockchain In Their Education Business

Blockchain Is Considered To Have The Potential To Transform The Current Internet To The Platform Of Value Exchange

By Content Writer
How Franchisors Can Use Blockchain In Their Education Business

Blockchain technology is a decentralized public ledger that allows market participants to keep track of digital currency transactions without central recordkeeping. It was the core technology used to create the cryptocurrency, Bitcoin.

The technology is expected to revolutionize various industries such as commerce, education etc.  It can be used to promote the rapid development of a knowledge-based economy on a global scale. Here are the 3 major ways of using Blockchain in the education industry.

Certification

Verifying a diploma today requires time and potential employers and graduate programs to request confirmation of credentials from universities. However, it can be avoided by employing Blockchain in granting and managing student’s degree now.

The data matched with users’ ID stored in Blockchain is checked, validated, and maintained by miners from all over the world. Blockchain distributed ledger is immutable and trustworthy. Thus, the reliability and authority are both ensured, which will significantly reduce degree fraud.

Record Keeping

A key challenge that educational institutes face is to keep academic and workmanship records.  Blockchain helps to record detailed information about the users’ learning experience and follows the development of their knowledge and skills.

All of them can also be transformed into a sort of digital currency and stored on a blockchain network. Students will gain rewards through their efforts on studies. It can be used to measure learning outcomes and stored in a virtual wallet. Moreover, students who have trouble getting a copy of their school records can benefit from blockchain-encrypted credential.

Knowledge Bank

The very essence of education is to share knowledge without tampering with its value. Introducing blockchain in education can be used to create data banks. Students, teachers, entrepreneurs and leaders across the world can use these data banks to contribute their learning experiences for future generations.

There is lesser risk of data loss in case of blockchain based systems. Any tampering with the knowledge bank will set off alarms for all stakeholders entrusted with the security system.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Facility Management
    ·         Successfully operating with distributorship..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Juices / Smoothies / Dairy Parlors
    About Us: Smoothie Factory is an established, popular, and fast growing..
    Locations looking for expansion Haryana
    Establishment year 1996
    Franchising Launch Date 1998
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Ice Creams & Yogurt Parlors
    Natural Ice creams made using Fresh Milk & Seasonal Fruits..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: Incorporated in 2012, Munchies Bite is all about midnight..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads