Techno-News Blog

May 10, 2018

Institutional Innovation: How blockchain could transform student ROI

Filed under: Uncategorized — admin @ 12:20 am

By Shalina Chatlani, Education Dive

Now, the relatively new Internet-based innovation — blockchain technology — is gaining popularity, with the long-term potential to transform the way institutions provide value not only to students but also businesses.  Colleges and universities are recognizing that degrees are much like currency. They are sheets of paper that serve as an exchange with employers to signal the graduate has the types of skills that are necessary for the job. The better the degree, the more value a student may have in the workforce. By moving degrees into a form of digital record where the student can own it as a type of currency, rather than the institution holding it, they can put that currency into a massive decentralized network, much like bitcoin. This would allow employers to see students’ records more easily.

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