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India’s Blockchain Movement and the Art Of Receiving an Education

Blockchain is a relatively new discovery in computer science with global scope and reach, as well as multidisciplinary applications. It is intended to undermine the global financial system in the coming years. According to the World Economic Forum (2015), by 2025, a minimum of 10% of the world’s GDP (USD 100 trillion) will be controlled using Blockchain technologies, with half of it in the form of a cryptocurrency. Blockchain is a new technology that has the potential to change every aspect of our daily lives, including the way we perform transactions and preserve information. Bitcoin, the first crypto (code-based) currency to enter the mainstream, is an excellent demonstration of what blockchain is potential. Student records are boundless, and blockchain technology allows assets such as attendance, courses, tuition payments if they are attending a private school, grades, assignments, and even their diploma to become part of their own blockchain record. Because these entries cannot be removed, they contribute to data security by being irreversible. It also pertains to the student, not the school. No participant may interfere with a record when it has been stored in the blockchain. If there is an error in a description, a new track must be generated to repair it, and both the faulty and fixed entries will be visible. Blockchain technology serves as a prototype for the secure recording of student records and the sharing of competency indicators. Academic records, badges, awards, citations, recommendation letters, and so forth are all included. The future of Blockchain technology is currently emerging; it is becoming one of the most frequently discussed technologies in business. Blockchain provides secure and autonomous data sharing. Many states’ educational institutions are currently aiming to use blockchain-based systems, and if you deal with schools, being informed of this will better position you as competent about the transition, and possibly you can propose solutions to assist. Nevertheless, this technology has various applications, and schools will most certainly investigate and apply these technologies soon.

The post India’s Blockchain Movement and the Art Of Receiving an Education appeared first on AMG Invest.



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India’s Blockchain Movement and the Art Of Receiving an Education

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