Exploring Blockchain Technology and its Usefulness in Education

Conference: The European Conference on Education (ECE2021)
Title: Exploring Blockchain Technology and its Usefulness in Education
Stream: Higher Education
Presentation Type: Virtual Presentation
Authors:
Shankar Subramanian Iyer, S.P. Jain School of Global Management, United Arab Emirates
Arumugan Seetharaman, S.P. Jain School of Global Management, Singapore
Bhanu Ranjan, S.P. Jain School of Global Management, Singapore

Abstract:

Blockchain Technology has been known to most People pertaining to Bitcoin and other cryptocurrencies. Blockchain has been now around for about a decade but other than in cryptocurrency it has not been very successful. It has been applied to many areas of Business-like finance, judiciary, education, Health care, Logistics, and commerce however with limited success. In short, it can best be termed to be a smart system than a blockchain. The current paper focuses on the potential of BCT in the education Domain and explores how it can be used to solve some education problems. This article introduces the features and advantages of blockchain technology followed by reviewing some of the current blockchain applications for education. Some innovative applications of using blockchain technology were proposed, and the benefits and challenges of using blockchain technology for education are also discussed. This Paper reviews Blockchain Technology (BCT) and its implementation in Education. Research has shown that many small implementations in education have happened however, the success has been limited. The full potential of the BCT has not fully exploited. The BCT features and benefits proven so far can address the challenges of the Education Framework.