siliconindia | | JULY 20238CHAINING EDUCATION: HOW BLOCKCHAIN IS PAVING THE WAY FOR THE FUTURE OF EDUTECH By Hariprasad BK, Strategic Business Practice Head, Digital Business Services & Kanad Bhowmik, Practice Lead, Edutech services, Infosys BPMlockchain, a decentralized digital ledger that stores information across a network of computers, is upending the education in-dustry by revolutionizing how information is managed and distributed. Given its focus on decentralization, real-time processing, immutability, transparency, and security, it is no surprise that block-chain is a burgeoning topic of discussion in this field.In fact, as per a report by Business Research Insights, the demand for blockchain in the global education market is expected to touch $1,055 Mn in 2028, a steep jump from $118 Mn in 2021.Imagine you are a student who has just graduated from college. You are eager to start your career, but when you go to apply for your first job, you are met with a prob-lem: your potential employer asks to see your original documents including your degree and marksheets, but you have misplaced your documents or don't have these readily available and cannot get a copy from your college immediately. This is a common scenario, and it's just one of the many areas where the current education system needs improvement.But with Blockchain technology, such scenarios could be a thing of the past.Transforming the Future of LearningBy using Blockchain to store student records and cer-tificates, educational institutions can ensure that the information is trustworthy, always available, and easily accessible, even if the institution itself is no longer in op-eration.IN MY OPINIONBHariprasad BK Strategic Business Practice Head, Digital Business Services
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