How The Blockchain Technology Has Improved Various Sector Of The World --- The Educational Sector Part 7

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Hello great minds,

I believe you are doing perfectly fine and are enjoying your activities here in this community of ours.

I also believe that you are all following the community rules to make the community convenient for all.

Today is another day and I am here before you all with a happy mind to continue our discussion on how the blockchain has improved the educational sector.

The educational sector has greatly improved with the application of blockchain technology in it's operation and today we shall be examining some ways in which the blockchain technology has improved the educational sector.

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CROSS INSTITUTION COLLABORATION

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Through data sharing and verification, the blockchain helps to provide a decentralized transparent and secured platform within the educational sector which helps to enhance cross institution collaboration.

In the blockchain, data is stored across multiple nodes in a decentralized manner through the use of a distributed ledger.

And here, each block is linked to it's previous block forming the chain through its unique cryptographic hashtag, thus guaranteeing security/integrity and immutability bof the educational data.

With this form of security, the blockchain makes it extremely difficult for an institution or an individual to manipulate educational records.

And thus data shared among different institution can be verified.

The blockchain helps educational institute to issue educational credentials to their students, and these credentials often include certificate, academic achievement, degrees etc.

And the immutable feature of the blockchain ensures that these qualifications are tamper-proof and can thus be verified by other institutions during the process of cross institutional collaboration.

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MICRO SCHOLARSHIP

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For the sake of emphasis, micro scholarship can be explained to be little grants/financial reward that students earn by accomplishing some educational tasks.

The blockchain plays a huge role in guaranteeing the success of micro scholarship in the educational sector.

The blockchain helps to record educational transaction in a secured, transparent and immutable manner.

Remember that the blockchain is a distributed and immutable ledger and as such, it stores every micro scholarship data given to a student in a tamper-proof transparent and immutable manner.

This method of data recording helps to build a level of trust between the scholarship providers, the students and the institution.

In the past, the scholarship system are usually vulnerable to fraud and the misinterpretation of qualifications by students as it is dependent on manual verification processes.

However, with the presence of smart contracts, the authenticity of qualifications and Achievement of a student can be easily tested, thus reducing the risk of fraudulent claims

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TRANSPARENT FUNDRAISING

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The blockchain plays a huge role in ensuring a transparent fund raising in the educational sector.

The blockchain allows for the transparent tracking of all transactions recorded on it.

When donations are made to the educational system by philanthropist through the blockchain, their donations are openly recorded on the chain, thus making it visible for every stake holder to monitor.

Philanthropist can also monitor how their funds are being used in the system, thus building trust of the donors.

Another way in which the blockchain helps to in fund raising is that the blockchain permits for cross border transactions, thus accepting donations from anyone across the globe

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CONCLUSION

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There are so many ways in which the blockchain improves the educational system and we have considered just a few.

In our next meeting, we shall examine more ways the educational sector has benefited from the blockchain technology.