Blockchain in Education: A Comprehensive Approach – Utility, Use Cases, and Implementation in a University

Blockchain in Education: A Comprehensive Approach – Utility, Use Cases, and Implementation in a University

Srinivas Mahankali (National Institute for Smart Government, India) and Sudhir Chaudhary (Auxesis Group, India)
Copyright: © 2020 |Pages: 27
DOI: 10.4018/978-1-5225-9478-9.ch014

Abstract

Every individual undergoes a series of educational programs and acquires skills and pedagogical certifications throughout his/her life from various educational and skill development organisations across the world, including the companies they work for. It is imperative that there is a comprehensive record of these certifications that can be authentically verified by those wanting to employ the individual for these respective skills accredited through certifications. In this chapter, the authors explore the utility of blockchain technology-led digitization, automation of trust, and disintermediation in education sector. They examine some of the prominent use cases and challenges faced by blockchain technology. They also look at the current state of blockchain technology-enabled applications in related domains and its implications for the education sector in India along with a real-life illustration with implementation using AuxCert on Auxledger, a permissioned blockchain platform from Auxesis group.
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The Emergence Of Blockchain

Blockchain is a growing list of records, called blocks which are linked using cryptography (Mahankali, 2019). Blockchains are used for different applications. Bitcoin allowed peer to peer transfer of a unit of value, cryptographically secured through a shared digital ledger accessible to all participants. The units of value are created by a process called mining and are verified by the participants through a fool proof process called ‘Proof of Work’ based consensus mechanism that ensures the accuracy, immutability and authenticity of the information in the ledger, without the need of a centralised controlling party like a government or a central bank. This is being welcomed by numerous users worldwide who are increasingly losing trust in the central bankers, post the subprime crisis in USA ten years back, that was exposed with the fall of Lehman Brothers in September 2008. With a process of mining that controlled the generation and circulation of the units also called bitcoins, potentially limiting the inflation plaguing the fiat currencies due to the reckless approaches of the monetary authorities, it seemed to offer an excellent alternative to the fiat currency (Credit Suisse, 2018).

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