If information technology and computer sciences are the fields that interest you the most, then you might have come across the name blockchain. A blockchain is a widespread database shared among the different computers joined in a network. These computers are known as nodes. As a database, blockchain stores all the information in electronic format. It plays a vital role in maintaining a secured and decentralized record of transactions.
The primary use of blockchain was concerned with the cryptocurrencies, such as Bitcoin and Ethereum. However, this technological wonder is slowly making its way in all walks of life. Be it health, education, military, or government, the use and implementation of blockchain are now being seen everywhere.
Using blockchain as the basis of information technology in a system guarantees us the
A fundamental difference between a typical database and a blockchain is how bout structures the data. In the blockchain, the information is stored in a chain-linked structure. It has a specific storage capacity in the form of blocks.
In the blockchain, a piece of information is stored in the form of a block, after which it gets closed and gets linked with the previous one. Thus, this establishes a chain of data known as Blockchain. Currently, Blockchain is considered the ideal system for upholding all records of our transactions. And due to its ideal properties, makes this network is a prime requirement for the modern world.
Blockchain is considered a highly efficient, secure, and influential wonder of information technology in business, government agencies, digital networking, and finance in modern times. It facilitates its users by keeping its records organized with transparency, visibility, and traceability.
Some of the general benefits of blockchain are:
Blockchain keeps the record of all types of new and old transactions organized. Due to its impenetrable security, the stored data can’t be edited or manipulated under the supervision of a third party. If a change has to be made in the blockchain, it is meant to be published publicly. This, in turn, secures transactions entirely.
One of the key roles of this chain structure is the trust developed between the involved entities. This transparent method and end-to-end secured system enablement encourage everyone to be a part of this chain structure. A prime example of establishing trust in a blockchain network is cryptocurrencies. Every day, hundreds of thousands of crypto transactions occur on the blockchain network. But every involved entity trusts each other with each transaction as all of them are validated thoroughly.
Due to its decentralized nature, each member can check the given information present in the block at the desired time. The best thing about this approach is that it rules out the permission of involving any third party (or a centralized entity).
Like every other field, blockchain plays a profound role in the various disciplines of education. In fact, it has introduced various new practices in modern education. Today, every student, regardless of his field of study, can develop expertise in blockchain to serve that field.
As blockchain technology gradually revolutionized the sector of finance, commerce, and digital marketing, it has also facilitated students in their education level. Blockchain has allowed institutions to provide knowledge regarding online courses, programs, and other offerings to help students with their respective educational fields.
If you are a student, then here are some of the ways through which you can grow yourself in your education field using blockchain. These ways include:
This technology is a way to streamline education by sharing information, improving trust and simplifying the overall education process. Not only that, but it also gives you the ownership to maintain your own academic records. This way, you will be the sole in charge of your academic achievements, and nobody else will be able to snatch your credentials from you.
As mentioned above, research is a field that will incorporate blockchain in the near future. If you are a research student, then using blockchain for gathering information and storing it will allow you to make your research results more profound and impactful for the world. This will happen because blockchain will prevent your research results from getting hacked and stolen, which is, unfortunately, a very serious problem in the academic world.
Moreover, blockchain will allow you to publish your research without any hurdles, such that you will be able to monitor your research’s integrity continuously.
If you are a student who finds it troublesome in storing all the educational material in one trustworthy place, then blockchain is surely your way to go. By storing all your educational data and digital syllabus in one place, you can not only ensure its safety and security but also share it with your peers and fellow students easily.
All in all, blockchain is going to revolutionize every field of science, technology, and education we have ever come across. And it is high time for us to start learning about this fascinating technology. This will allow us to create a better world for us as well as for ourselves.
For more checkout also: https://medium.com/@tokoin/utilising-blockchain-for-businesses-3573c35525c1