Blockchain technology is disrupting many industries, from digital tokens and play-to earn games to crypto-currencies. It is now entering the education industry.
Distributed blockchain ledgers have enabled global access to powerful financial products, including cross-border payments and synthetic assets.
While blockchain is democratizing finance, its usability doesn’t have to be limited to cryptocurrencies. Education is another industry with equal importance to finance that needs immediate restructuring.
The current system doesn’t cater to all students equitably. While some students have greater access to higher education than others, many struggle to obtain the minimum. This was most evident during the pandemic.
For such disparities to never again occur and ensure all learners have access top-quality education, a fundamental change must occur in the education system. Many people believe that blockchain technology can power the metaverse.
Educational Blockchains Could Make Significant Changes
Technology that uses distributed ledgers can have a significant impact on how students and educators interact as well as how academic documentation and documents are created.
Smart contracts can be used to allow teachers to create lessons and programs on a blockchain. Additionally, students can receive academic credits through smart contracts after they have completed all courses.
Apart from the automation aspect, blockchains also excel in rights management and privacy protection. Researchers who want to publish papers using blockchains can keep their original work and avoid traditional publishing procedures.
Blockchains are a way for educational institutions to reduce their file storage burden and simplify document verification. Most institutions currently store student data on centralized cloud servers, which makes them susceptible to single-point failures. Institutions need to have decentralized file storage systems in order to overcome this vulnerability. These systems ensure that student data remains secure and cannot be altered by third parties. It is also significantly cheaper than cloud storage.
Meta Education: Immersive Learning Opportunities
While blockchains vastly improve the efficiency and security of business and academic processes within education systems, it alone doesn’t address the main problem: student engagement.
The new norm in education has been the online classroom. While online education has made it easier to access higher education, they are still unable to offer immersive learning experiences.
Metaverses are here to help. Metaverses powered by blockchain can turn online learning spaces into virtual learning areas with improved social interaction and gamified methods.
Although education in the metaverse remains a relatively new concept, projects like Edverse have made significant progress. Edverse brings together educators, learner, promoters and creators to create the best education metaverse possible on blockchain.
Edverse is a firm believer in gamified learning. Incentives for participation and contributions are being introduced by Edverse using tokens and NFTs. Edverse, which is similar to the play-toearn model, offers both learn-toearn and wear–toearn incentives.
An educator can turn their modules into NFTs to sell/rent on an open platform. Learners can earn experience points by completing these modules. These tokens are redeemable for $EDV tokens. Edverse can also be used by educational institutions and promoters. You can rent, buy and create co-learning space to promote your custom courses or launch them on the global stage.
Edverse, in addition to gaming, is setting new standards for international learning. This covers all learning paths from kindergarten to 12th grade, with an emphasis on skills empowerment, strengthening the body, and ancient science.
New Education Revolution is around the Corner
Technology is yet to be tapped in education, which is the biggest industry worldwide. Although many online tools and platforms are making it easier to learn at scale, the actual experience is still old-fashioned.
Blockchains have the potential to transform the education system and remove the problems associated with academic evaluation and documentation. To make the next leap in digital-first education, metaverses that include blockchain solutions as well advancements in VR/AR will be needed. It is possible to envision institutions and learners using blockchain in some capacity with increasing awareness and acceptance.