Educational Technology

February 12, 2018

Blockchain is this year’s buzzword – but can it outlive the hype?

Filed under: Educational Technology — admin @ 12:31 am

by Mattha Busby, the Guardian

The speculation around cryptocurrencies has obscured the fact that blockchain, the decentralised, open-source ledger that drives bitcoin, could radically change how ownership is verified. While the value of the main cryptocurrencies fluctuates, “blockchain” remains a lucrative buzzword that companies have found is a magnet for funding. But cutting through the hype, could blockchain technology really revolutionise the way anything from banking to education is run? The blockchain allows people to create digital property independently of third parties and belief-based methods of recording ownership. Time-stamped data entries are append-only and always accessible, partly because the database is stored across a network of computers rather than a central server.

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