How blockchain will revolutionise your education
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KnowledgeWorksan education foundation focused on personalized learning and strategic foresight, recently released a report exploring how blockchain technologies could change K12 education in the United States. This will combine with emerging blockchain what is bitcoin technology in the classroom, which disintermediate trust in transactions. Many of these transactions are relevant in education, including authentication of credentials, management of finances, and securely storing private data.
This can transform the model of education delivery from a centralized to a distributed one—and in so doing, can make learning much more personalized.
In this scenario, school districts retain control over delivering education and integrate a private blockchain as their administrative and financial backend. In particular, the blockchain helps solve three problems in the education system today. The downside in this scenario is a lack of innovation and flexibility. The model remains top down. Schools and districts remain at the top of the hierarchy. In this scenario, a budding blockchain tech company applies its savvy to a comprehensive education-as-a-service solution.
Machine learning not blockchain-based that delivers customized lessons and records everything on the blockchain. A thick layer of interlocking smart contracts helps mediate between the school, teachers, students, and the company. The resulting vision of education is born straight from Silicon Valley: More money for schools and profits for tech. In this scenario, parents collaborate to run a DIY education system built on their own consortium blockchain.
The model most closely resembles current incarnations of DAOs, with pooled resources, membership decision-making, and automated payment disbursement. Smart contracts help students access resources on their own, and parents can pool their own resources for shared services. It is a system wholly separate from districts, classrooms, and full-time teachers. In this scenario, open blockchains integrate with the existing school system.
Schools remain but they have lost their former centrality. Blockchain-based ecosystem management tools record learning-related data, host smart contracts for services like third-party assessmentand bridge self-directed learning with the school structures everyone is familiar with.
The system is very flexible: Such a system would need the most thoughtful software and social design what is bitcoin technology in the classroom be successful. The four scenarios what is bitcoin technology in the classroom provocative and well written.
They highlight some of the key benefits of blockchain technology and smart contracts built on top of them: They also highlight some of the tensions inherent in the blockchain industry today. The scenarios are eerily reminiscent of the complex relationship between cryptocurrency and the traditional finance system.
Will the existing system absorb blockchain tech and enjoy its security and automation while minimizing decentralization and disruption? Or will blockchain tech truly disintermediate almost aspects of finance, creating a platform on which anyone can build anything: The cryptocurrency industry is shifting rapidly.
Major crises like The DAO attack might increase consumer preference for the insurance and guarantees inherent in the existing finance system, which is already aggressively exploring blockchain tech.
What is bitcoin technology in the classroom companies who were early to the blockchain space are branching out into different parts of the industry and growing their influence. Smaller blockchains and companies are emerging to serve specific markets. The element that still seems missing is the killer app that allows the existing system to truly decentralize.
A Reflection of Blockchain Tech and Finance.
