Many Academic Institutions today are still issuing paper certificates. Certainly, these look handsome hanging on the wall of a graduate, but the process of issuing and storing a paper certificate is onerous for schools.
Anyone who has attended a post-secondary institution understands the pain of dealing with the administrative system, where sourcing and retrieving records can take much longer than necessary because of a backlog and inevitable human error.
To assert the validity of a record, students may require their school to transfer their degree or diploma directly to a prospective employer or another academic institution. Because this process is human-driven, it can monopolize the time of administrators who want to support the student on the continuation of their journey.
If the process was simpler and more reliable, administrators could be using that time to support current students hence better use of resources for the school.
Blockchain technology, considered to be part of the fourth industrial revolution is particularly useful for this, providing a trusted source for verification and validation of records. While the benefits of blockchain in education are most often reviewed from the student perspective, technology offers many benefits to institutional executives and administrators.
Blockchain technology makes education faster and less costly, secures academic records so that they can’t be tampered with or lost, improves record storage and transferability, and combats fraudulent claims by proving the legitimacy of credentials.
This creates a new way of managing and identifying talents for companies, as the blockchain allows employers to cast the net wide beyond their industries and geographic area to identify hard-to-find talents with credentials. One of the biggest challenges is the accuracy and timeliness of past employment records and skills/competence hence reducing onboarding costs and management overhead.