Blockchain Can Disrupt Higher Education Today, Global Labor Market Tomorrow
Blockchain can play its part in the education sector â record-keeping in 2â3 years and then adoption by the labor market?
Blockchain Can Disrupt Higher Education Today, Global Labor Market TomorrowANALYSIS
In the post-pandemic world, individuals will need to seize ownership and control of their educational credentials â documents like degrees and transcripts â from schools, universities and governments. That notion received key support last week from the American Council on Education in a study funded by the United States Department of Education focusing on the use of blockchain in higher education.
âBlockchain, in particular, holds promise to create more efficient, durable connections between education and work,â wrote Ted Mitchell, the president of ACE, in the foreword to the study published on June 8, adding: âIn the wake of the COVID-19 crisis, learners will be more mobile, moving in and out of formal education as their job, health, and family situations change.â
A key theme of the report is personal data agency â i.e., how âdistributed ledger technologies [DLT] can âdemocratizeâ data and empower individuals with agency over their personal information.â The report noted:
âCurrently, when individuals need to prove their education and work history, they rely on institutions and past employers to verify education and workforce records. However, the institutions or employers may not be available, the records could have been lost or destroyed, or in the case of higher education, individuals may be required to pay fees. The inability to access or control their records can inhibit opportunities and keep them in the dark about what information is actually in their records.â
Education credentials have been typically stored on centralized systems. The problem with this, explained the report, is that data can be changed, deleted and shared without consent or knowledge of the individuals who created that data. By comparison, blockchain technologies âare inherently more transparent, persistent, immutable, and secured by encryption,â noted the report.
Will digital academic credentials be commonplace in 2â3 years?
Kim Hamilton Duffy, an architect for the Digital Credentials Consortium, told Cointelegraph that the COVID-19 pandemic has accelerated the demand for digital credentials, adding: âBecause of that and existing educational blockchain-related pilots, I expect these credentials will be commonplace over the next 2â3 years.â
Dapatkan hingga Rp 1.000.000 dengan mendaftar di Pintu, aplikasi terbaik untuk membeli crypto.
1). Download Pintu (bit.ly/pintu_kemana_saja) dan daftar menggunakan referral code: ARISD542
2). Beli atau Jual Crypto apa saja senilai Rp 200.000 dalam 1 transaksi.
3). Kita berdua akan dapat kado bernilai acak sampai dengan Rp !