BLOCKCHAIN IN
EDUCATION
An Overview of Applications of Blockchain in the Education
Sector
Md Sharique Bin Mansoor (0194/56)
Ayush Bhargava (0331/56)
Ayush Singh (0333/56)
Mohammad Owais Mansoori (0443/56)
Mohit Yadav (0445/56)
Tigran Wadia (0474/56)
PROBLEM AREAS
The educational sector is moving through a phase of disruption over the course of the last decade with increasing shift to
digital modes for knowledge transfer. The shift to digital mode offers a wide range of opportunities to streamline the
operations in an erstwhile bureaucratic setup. But in order to fully leverage the potential of digital transformation in the
education sector, we need to first understand the key problem areas in the existing setup.
RECORD KEEPING UNIQUE IDENTITY MANAGEMENT
Offline record keeping due to the Need for a unique, independent
sheer volume and preservation identity for the verification of
difficulties. Physical record verification student’s academic background by
is also very cumbersome and involves different institutions and recruiters
multiple intermediaries
Managing the entire academic Preservation of the intellectual
credentials and skillsets of the student property of the content creators
acquired throughout their learning would help encourage more higher
period in a cohesive format education institutions to switch to
MICRO CREDENTIALING digital modes PROPERTY OF
INTELLECTUAL
OF SKILLS DIGITAL CONTENT
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BLOCKCHAIN OPPORTUNITY
Blockchain’s distributed ledger technology offers a potential solution to the above mentioned problems and could be a
ground-breaking development in the shift to digital education systems.
Time estimated for 60% of the use cases in Education
2-5Yrs blockchain to reach the
Plateau of Productivity for
usage in education sector
60% sector are in the provenance domain
More than 10% Y-o-Y growth observed
in the use cases
11/27/2020 3
Why is blockchain a good fit for this problem?
Database Transacting in Transaction A clear set of
formatted as a Multiple writers the absence of Disintermediation
Interaction rules
ledger trust
Record Keeping ✅ ✅ ✅ ✅ ✅
Unique Identity
✅ ✅ ✅ ✅
Management
Micro-credentialing
✅ ✅ ✅ ✅
of skills
Intellectual property
✅ ✅ ✅ ✅
of digital content
BLOCKCHAIN INITIATIVES
Blockchain in education is largely driven by many startups in the EdTech space.
Technology company that provides Decentralized platform to manage
digital certificate solutions for scholarly publications, along with the
individuals and organisations. Founded lifecycle and other related data. The
in 2018, it already has large clientele platform is able to trace the
such as Google, Pfizer, and Vodafone. publications through their full
The certificates are easily shareable life-cycle. It also allows the authors to
online, and have a unique serial choose how they will license their
number attached that ensures their work for access or use by others.
authenticity.
The first blockchain powered, Provider of an AI and blockchain based
non-profit, borderless university. It research management platform. It
was founded by academics from uses a blockchain system to digitize
Oxford and Cambridge, it will use and authenticate research , while
blockchain and smart contracts to using AI to implement an
facilitate the relationship between auto-labelling system. Even though it
students and educators, in what they was founded just 1 year ago, the
dub to be the ‘Airbnb of degree company has already received
courses’. US$660K in funding
5
CURRENT STATUS of INITIATIVES
● Raised $50,000 from Tavern Ventures in April, 2009
● Clients includes - Google, Pfizer, US Department of States, Turk Kizilay
● 720k certificates, 129 Business customers, presence in 8 countries.
● $32B market, boasts bottomline of 37%
● Raised CHF 125,000 from CV VC in April, 2018
● Partnerships with leading academic publishers, ‘Telehealth & Medicine Today’
● Open access Journal platforms, pilots at Universities
● Striving for accredited educational provider in Europe and US
● Drifting away from blockchain, Website doesn't mention blockchain anymore
● 76 academics on board as of November, 2020
● Been conducting Roadshows, CES trade show debut
● $658k from KB Investment, Decamp, etc.
● Launched Kuno app in July 2020
● Partnering with universities, latest being KIAST University, Korea
FUTURE of the INITIATIVES
Adoption was slow before pandemic, but suddenly there are many uses cases popping up.
● Student's data becomes accessible, transparent, verified and secure without the need for
continuing intervention by a third-party educational institution.
● Blockchain technology could empower students to access and control their own educational
data on e-portfolios, feedback and accreditation.
● Students can connect their accreditation directly with job portal like LinkedIn, Naukri.com
etc. It could be game changer for the industry as chances of tampering would be zero.
● Offline Record keeping can be completely replaced with Blockchain technology without
fearing data loss or tampering.
● Blockchain enables innovators to place a set of proofs around core IP that leave no margin
of any doubt for even the narrowest claims
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THANK YOU
