Is Blockchain the Added Value Education Needs

1. Is Blockchain the Added Value Education Needs? English Forward In reality, the United States, a country with every education facility and institution imaginable available, is a country where higher education is in crisis. As costs rise across the board, there is an ever increasing number of people accumulating student loan debt, but fewer students that are able to complete their degree. Less than 50% of students in the US complete their degrees To gain access to colleges and universities in the first world you need to have your qualifications organized and in order. “Organised and in order” - two words that strike fear into the heart of most people as a reminder to have an organized, digitized record of your academic accomplishments. Archaic education systems and record keeping can result in the loss of the vital records you need to verify yourself as an accomplished student. This can have a far-reaching effect on students as, resources, and the disappointment of not being able to fulfill their dreams can destroy a sense of self-worth. Online education has helped millions of people acquire knowledge and skills from where they live and work, bypassing most of the obstacles that exist in formal education . The possibility of a decentralized education platform (Peer to Peer Learning) that is governed by consensus rather than a central authority is made possible with the blockchain. Blockchain Solutions For students The possibility of a hacker stealing or conversely, changing their grades or adding unearned certifications is possible with databases that have a single failure point. Students will be able to access and verify their academic history online, confident that even if an educator goes out of business their records are permanently stored on the blockchain. For employers Normally, an employer would need to verify an employees’ credentials with any number of sources, which can be costly and time-consuming, depending on the level of checking needed. Once an institution adds a students certificate(s) to the ledger, the details are publicly available and separated from the issuing establishment on the blockchain. Let’s all get involved… As blockchain evolves, innovative new applications will disrupt online education. English Forward is actively engaged in planning and being a part of the solution to the challenges faced in language learning. 250 Million+ Users Served World’s #1 “Learn English” Platform Join the English Forward Community E EnglishForward.com