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Why Do We Need Blockchain Technologies in Education?

Why Do We Need Blockchain Technologies in Education? by Vesa | (NewsBTC)
There is a real buzz around new EdTech companies such as NTOK.io at the moment. They are creating a future vision of global learning and tuition that uses
This post is a bit of a commercial for certain companies, but it is also a good overview of the thinking that continues behind blockchain.

There is a real buzz around new EdTech companies such as NTOK.io at the moment. They are creating a future vision of global learning and tuition that uses blockchain technology at its core. Although EdTech is in its early stages, it’s likely that education will be disrupted in the same way that FinTech has changed the financial world. Cryptocurrency transactions are made secure by blockchain technology allowing for significant decentralization of finances. In other words, the big banks and governments no longer have power over finances. The blockchain makes all data transactions untraceable, including financial ones. If we extend this idea of secured blockchain currency and data transactions to EdTech, it’s clear to see that this will transform education into something far more democratic.