Blockchain Degree Certificates Spark Academic Interest
All over the world, schools are failing. Especially in developed nations where jobs are primarily centered in the service industry, the need for an education is severely undervalued. The result is often that the education sector remains dreadfully underfunded by the state, and the funding that remains for institutions is eventually stripped away and allocated to more “deserving” areas of interest for governments in the global economy.
But this presents a major problem. Education in the kindergarten through 12th grade years is an essential part of the process of growing up. It can positively affect happiness, public participation, as well as incentivize higher paying jobs down the road. But even if the government and the people continue to recognize the importance of a quality education for the new generations of students to come, several logistical obstacles still stand in the way of offering effective education to everyone.
The tracking of academic progress and extracurricular accomplishments is often a difficult process. Especially when students change schools, states, or even countries, varying methods of bookkeeping make it harder and harder for these kids to access the information necessary to apply to college or to graduate school effectively and honestly. Additionally, fraudulent applications are hard to check in the status quo, as students can make outrageous claims and “fudge” their applications to top schools, relying on the fact that with so many applications it would be impossible to check such things on all students.
ChainScript is a program currently in development by students and faculty at the prestigious University of Texas, an Austin school known for its deep interest in the technology of the blockchain. The program would function as a portfolio for students. It would track all pertinent school and academic information for a particular student as they progress through high school, college, and their working careers.
The portfolio relies on the immutable functionality of the blockchain. This means that, unlike current, self-reported information placed on applications to school and work, the information stored on the blockchain can never be changed—it is truly permanent. This would have two main benefits.
First, it is obvious that the blockchain would help to minimize the amount of abuse that occurs within the job hunting and application process. Instead of allowing applicants to simply lie about grades, extracurricular activities, or job experience, this immutable method of storage would simply provide employers or admissions staff with all the information they need, from a third-party source that is entirely unchangeable.
More importantly for the student, though, this would make the application process infinitely easier. The ChainScript would allow them to simply give the staff or employer access to one extensive document with all the experience-related information required to make an informed decision. Gone would be the days of applicants racking their brains for all of the potential information they might be able to include as relevant experience.
ChainScript would represent the newest iteration of the blockchain seeping into the academic sector with new and innovative ways to solve old problems.