Education has become extremely expensive. Now, it’s seen as a common thing for students to take loans so that they can pursue higher education. Taking loans for education is awesome! But that has caused the total amount of student loan around the world to reach up to $1.3 trillion. That’s quite a lot! Reliable educational institutions also have a steep price. Plus, with paper-based educational contents, records, certificates, and other associated items make it difficult to manage these institutions effectively. On top of that, credentials and certificates can also be doctored easily. Hence, bodies that need the verification of certificates need to have a certain level of trust with the issuer.
Thankfully, technology has helped in some areas. With the EdTech industry having a bright future, innovative technologies and their benefits, like decentralization, can create new value.
Integrating Decentralization With Education
Interestingly, Google has also integrated a new technology course that doesn’t have any learning institution associated with it. With the ton of e-learning courses already been taken online in recent times, it’s safe to say that the process of decentralizing education has already begun.
Additionally, blockchain-based learning will further help in decentralizing education by taking away the power from traditional educational institutions and government, bring about a lot of benefits.
Benefits of Decentralized Education
With platforms ensuring the decentralization of education, some of the benefits associated include: