Blockchain technology has the potential to significantly benefit education by providing high security, low cost, improving student assessments, better control of data access, increasing accountability and transparency, identity authentication, increasing trust, and improving the efficiency of student records, management, assisting learners in making career selections, and increasing learner involvement. The use of blockchain ensures the confidentiality and privacy of data and transactions exchanged between the intended parties.
One of the great features and benefits of blockchain is restricting/controlling the access of the stored records. Educational records include transcripts, diplomas, or personal students/teachers’ records. Additionally, the blockchain assures the authenticity of the digital certificates as well as the identity of users.
Furthermore, the education field can greatly benefit from using the blockchain to reduce costs. The cost includes storage costs, associated transaction costs, and the cost of managing and maintaining the educational records. Moreover, enhancing accountability and transparency are two advantages achieved when using blockchain technology. Storing all educational or school records in one place, where they can be easily accessible, will increase the accountability and transparency of using such records.