First recognized as the basis of Bitcoin and other cryptocurrencies, blockchain may change the relationship among colleges and universities, providing a globally distributed network for securely sharing resources and records, including student transcripts, degree information and other data.
How might blockchain innovations positively impact your institution?
During the event, Nathan Phelps, Principal Architect for Product Development, explored how blockchain technology may reshape higher education, including:
- Academic credentials can be written to a blockchain so students can provide verification of their academic credentials at any time
- Admissions and degree programs can consume educational records from other institutions
- Blockchain may eliminate the need for a central controlling authority to manage transactions or keep records