The Executive Authority for Education in Europe, Presents Report on Blockchain for its Use.

The executive arm of the European Union has issued a new report on the potentials of blockchain technology in the education sector.

In this regard, it is called “Blockchain in Education”, the European Commission report explores the feasibility, challenges, benefits and risks of applications of blockchain technology in schools and universities. Aimed at policymakers, the study represents an exploratory review of the topic, focusing on the state of the art of the field in Europe.

Therefore, the report explains the following:

“This exploratory study addresses the value blockchain may bring to stakeholders within the educational sector, with a particular focus on its potential for digital accreditation of personal and academic learning.”

Likewise, the report goes on to propose eight scenarios in which the authors believe blockchain can be applied to challenges in the industry, including digital certification, multi-step accreditation, the recognition and transfer of credits and student payment transactions.

However, in a final note, the study cautioned that blockchain applications for education are still in their infancy, stressing that only “fully open” implementations can achieve the real goals and the promise of blockchain in education.

That said, blockchain interest is growing among educational institutions.

Co remember, MIT, for instance, recently issued digital diplomas to over 100 graduates as a part of a pilot project using blockchain technology. This project was followed closely by a pilot focused on digital certifications and led by a U.S. non-profit medical board group for medical graduates.

Likewise, governments are showing an interest in pushing the tech forward here as well, with Malta’s government even trialing blockchain to track academic certifications.

This blockchain technology can solve big problems that occur in countries where financial resources are scarce. Programs can be done at a distance, the students of these countries can receive a technical education that solves their problems in the immediate, it is necessary for governments to understand that Bitcoin-Blockchain technology represents a great window in education. It waits for new ads.

Reference: coindesk.com

Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and/or services. This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest.

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