Universities Look to Leverage Blockchain For New Programs and Record Keeping
Universities Turn to Blockchain with New Programs and Record Keeping
Blockchain technology is receiving a lot of attention from universities across the globe, and not just as a hot new field of study, but also a medium for the institutions to share information securely. Considering a degree from a prestigious university can be very valuable, there isn’t an international system that helps in establishing the legitimacy of a particular degree.
Let’s look at an example. A person studying in the US today is likely to seek for a job in the global job market, and employers would want to make sure that the credentials of their potential employee are accurate. Currently, the only way they would confirm this is by contacting the university directly.
Blockchain Could Be The Solution
So far, over 40 universities in the US have come together and signed the Gronigen Declaration, an international effort to streamline information sharing in the educational community. However, despite increasingly international plus to have an easier access to secure academic credentials, very little have been achieved on how the platform can be developed to other parts of the world.
According to a report authored by Latvia-based Riga Technical University’s Janis Kapenieks and Merija Jirgensons, there isn’t a consensus on how best to structure and manage a global blockchain platform. The stated that:
“The Europeans, especially in the UK, have preferred Ethereum; while the Americans have opted for the bitcoin blockchain.”
The report further states that:
“Most states in the EU are planning blockchain strategies to fit national agendas, and most employ the Ethereum blockchain.”
Need For New Ideas
When it comes to adapting to new technology, the University system is known to go slow about new technological ideas, with the DLT being a perfect example of how universities have been left behind, refusing to adopt an approach that’s more market-oriented to their informational architecture.
However, when blockchain courses are offered to students, there has been great level of interest. Now, if these educational institutions keep on resisting adoption of the technology, they risk being left behind or shut out completely of an emerging development culture.
Students Embrace Blockchain
Some universities have taken up the opportunity of the popularity of the blockchain technology and its benefits, introducing programs and courses on the same, something that has been received well by students.
For instance, the University of California at Berkeley is working on intruding blockchain technology to the community for the greater benefit everyone. Councilman Ban Bartlett asked students at the institution that:
“We have at least 1,400 homeless people in our city, and that includes much right here at UC Berkeley…So how can we use blockchain to fund a new prosperity? That’s a challenge I’d like you to take on.”
University of California Berkeley isn’t the only institution taking up blockchain education; other notable universities such as Georgetown, Stanford, and New York University have also jumped into the field that is responsible for a 200% rise in job posting.