3 Ways Blockchain Can Revolutionize Education

It's been 10 years since Satoshi Nakamoto published his/her/their paper called "Bitcoin: A Peer-to-Peer Electronic Cash System" where blockchain took main stage. Fast-forward to today, blockchain is the hot topic in technology. Companies all around the world are dabbling in this revolutionary 'new' technology and in this post I will discuss how education can be revolutionized with the blockchain.What is a Blockchain?There are numerous definitions online, so I'll keep it short and sweet for the benefit of those who are coming across their first blockchain-related post.A blockchain is a decentralized and distributed ledger which records transactions between two users of the same network in a transparent, secure, immutable and verifiable manner. It works as follows:It is a list of 'blocks' linked together using cryptography. A block contains the cryptographic hash of the previous block, as well, a timestamp and the transaction data.After a block is 'completed', it gets permanently added to the blockchain (in chronological order) and a new one is created.

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technology,cryptocurrency,education,finance,blockchain