Blockchain in education: the best way to increase the authenticity of academic achievements
Blockchain. Today, a growing number of people have heard of blockchains, even though they might only associate the word with cryptocurrencies. Here at FiO, we understand that cryptocurrencies are the first mass-adopted application of blockchain technology, but it is far from the only use. With the basic principles of blockchain being security and decentralization, the technology can be successfully applied to many fields and industries. In this post we’ll be explaining how our newly launched application, Learning Curve, is designed to tackle the growing issues of academic integrity, falsification, and fraud and increase the authenticity of past achievements.
The growing need for the digital transformation in education, beginning with blockchain.
For the past decade, there has been a rampant rise in the number of academic falsifications and dishonesty. Specifically in 2020, when the number of academic falsifications significantly increased due to the Covid-19 pandemic. As a result of the sudden transition to digital learning, many teachers did not have the opportunity to properly consider how to evaluate student achievements.
Though the issue is beginning to attract more attention, academic falsifications have long been documented in educational settings ranging from primary school to graduate school. While the definition consists of a number of differing behaviors, the primary issue stems from the difficulty of validation.
Falsified Academic Achievements By the Numbers
- For every 100 resumes, there are about 14 academic records that have problems. It may be that the school, department, degree, or graduation date of the highest or second highest degree does not match the facts.
- Over 200,000 fake degrees are awarded to “customers” around the world on an annual basis
- 30% of job candidates lie about their education on their resume or job application
- In the US, 40,000 – 45,000 legitimate PhDs are awarded annually, while an estimated 50,000 are illegitimately purchased.
- The market value for fake degrees has reached over $200,000,000 per year in the US
Learning Curve, a blockchain-powered app for increasing the authenticity of academic achievements
Learning Curve is built for any “Teacher and Student” scenarios such as academic institutions, private tutoring, yoga studios, personal trainers, cooking classes, and many more. For the teachers, the benefits include reducing tedious and time-intensive administrative work, streamlining workflows, as well as the ability to authenticate, verify, and record student achievements. The end result is that each student is awarded with a proven, transparent, and immutable public digital resume which has been validated by faculty and administrators.
What makes blockchain technology so useful in industries like education is that it ensures that data is accurate, tamper-proof, and can be used to ensure the validity of qualifications. The use of an application like Learning Curve, which utilizes the technology to make tracking and record-keeping in an educational setting effortless, ensures the trust, transparency, and immutability of information. Blockchain technology is decentralized, without third-party governance, which guarantees the protection of all data.
This is an invaluable feature in the academic space as well as workplaces all around the world, as it prevents fraud and tampering. Students retain “ownership” of their learning records by permanently storing them on an immutable database that cannot disappear if the issuing institution ceases to exist, and share it with other institutions or future employers.
Learning Curve Key Features Summarized:
- One-click timestamped authentication for teachers
- Simple data entry and collection for both teacher and students
- Downloadable and shareable digital resumes for students
- Students retain sole ownership of their academic records and resume