#AI@Work: Blockchain Simplfies EDU Credits
Blockchain by its very nature is resistant to fraud. Records in a blockchain can’t be altered only amended by adding a new block. This makes changing or falsifying an ongoing academic record difficult to do. Learners and educators can store syllabi and coursework securely. Blockchain is perfect for levels of mastery by assigning smart contracts. In the smart contract the instructor lays out the sequence and once an assignment is completed satisfactorily the next assignment is automatically provided for the learner.
The same kind of smart contract can be used in grading and make the entire process more learner centered and less subjective. Education can also use blockchain to share content with folks outside of the institution (like parents, employers and accreditors) so that education is no longer a black box. Feedback can be shared both ways in the blockchain… from the instructor to the learner and from the learner back to the institution. Most importantly it can open up new and more affordable pathways by disrupting the relationships between schools, learners and employers.
At the university level, financial departments are labor intensive and complicated. They involve students, parents, scholarship funds, federal and state loans, private loans and a massive amount of overhead and bureaucracy. Blockchain and AI automation can solve this problem and maybe even lower tuition. The more career sites that support blockchain credentials and links to employment the sooner the shift will come for education. Zip Recruiter and Upwork are only two examples of sites already supporting its adoption.
Although there are challenges and plenty of them, the U.S. Department of Education’s Education Blockchain Initiative Action Network and the American Council on Education’s Education Blockchain Initiative (EBI) bring together invested parties to collaborate on how this can change the future of education. EBI is starting with record sharing. This will speed up the connection between institutions and employers. The approach gives ownership of the credentials to learners not the institutions. Blockchain supports learner control over their own digital identities and lifelong learning process. The next step will be to simplify college entry and credit transfers.
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