From digital tokens to play-to-earn games, blockchain technology has disrupted several industries. Now, he is entering the education sector.
From cross -border payments to synthetic assets, distributed blockchain ledgers and tokenization utilities have created powerful financial products that are globally accessible.
While blockchain makes for financial democratization, its usefulness should not be limited to cryptocurrencies. Another industry that has the same weight as finance and requires immediate restructuring is education.
The current system does not treat all students fairly. Some have greater access to higher -level education, while others struggle to achieve a minimum, which is especially observed during pandemics.
So to ensure that these disparities do not recur and all students have access to higher education, there must be a solution that changes the education system from within, and many believe that blockchain technology dominating the metaverse is the way to go.
Blockchain Can Make Structural Changes for Education
Distributed ledger technology can have a profound effect on the way teachers and students interact and the way academic documentation is handled.
Educators can program lessons and curriculum into a blockchain using smart contracts. Furthermore, smart contracts can distribute academic credits to students after completing all course modules.
Aside from automation, blockchain excels in rights management and privacy protection. As a result, researchers attempting to publish papers may retain full ownership of their work while avoiding traditional publication procedures.
For educational institutions, the block reduces the burden of file storage and document verification. Today, most institutions use centralized cloud servers to store student data, making them vulnerable to one-point failure. To address this, institutions require a decentralized file storage system. They ensure data is secure and no third party can alter student records. In addition, the price is lower compared to daytime storage.
Education Meet Metaverse For Immersive Learning Experiences
While the blockchain improves the efficiency and security of business and academic processes in the education system, it simply does not address a major problem: student engagement.
Since the pandemic, the new normal for students has been to study online. Although online tools have made education more accessible, they still lack the ability to provide immersive learning experiences.
This is where metaverses come up to the plate. Blockchain -supported metaverses can transform an online learning environment into a virtual space with enhanced social interaction and gamified learning techniques.
While education in the metaverse is a fairly new concept, there are projects like that Edverse make headway. Edverse creates the most immersive and insightful educational metaverse on the blockchain by bringing together teachers, students, promoters, creators, and institutions.
Edverse also values the learning that works. He introduced tokens and NFT to provide incentives to all stakeholders for contribution and participation. Similar to play-to-earn, Edverse combines a learn-to-earn and wear-to-earn incentive model.
Educators can convert study modules into NFT and sell/rent them in the open market. And when students complete the module, they earn experience points that can be redeemed for $ EDV tokens. Edverse is also suitable for educational institutions or promoters. They can buy, create, and rent study spaces together to start new specialty courses and advertise on the global stage.
In addition to gamification, Edverse raises global learning standards. These include study trips from Kindergarten through Grade 12, with a focus on skill empowerment, physical strengthening, and ancient science.
The New Education Revolution Around?
Education is one of the largest industries in the world that cannot be exploited by technology. Many online platforms and tools are increasing the medium of learning at scale, but the experience remains old school.
The use of blocks can structurally change the way education is available to students and eliminate problems in academic documentation and evaluation. Metaverses with blockchain solutions and advances in VR / AR are needed to make the next leap in the first digital world for the education sector. With increasing awareness and widespread acceptance, it is not too far off to see institutions and students using the blockchain in some capacity in the future.
