How Blockchains Can Transform Colleges in a Networked World

by Richard DeMillo, Evolllution

With rising third-party costs for colleges and universities as well as students’ “less traditional” educational trajectories (jumping between traditional university coursework, online and employer certifications, and other new alternatives to the “course unit”), it seems that the American system of transcripts is due for a digital overhaul. That’s where blockchains come in. Blockchain technology borrows from the infrastructure that was invented to enable cryptocurrencies like BitCoin™ to function independent of central authorities. What if universities ditched the traditional, musty transcript in favor of a single, secure, global, distributed “registrar” to record all educational achievements? Utilizing blockchain technology, it is now possible to create a decentralized transcript.

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