Abstract
Blockchain is the core technology used to create the cryptocurrencies, like bitcoin. As part of the fourth industrial revolution since the invention of steam engine, electricity, and information technology, blockchain technology has been applied in many areas such as finance, judiciary, and commerce. The current paper focused on its potential educational applications and explored how blockchain technology can be used to solve some education problems. This article first introduced the features and advantages of blockchain technology following by exploring some of the current blockchain applications for education. Some innovative applications of using blockchain technology were proposed, and the benefits and challenges of using blockchain technology for education were also discussed.
Highlights
Blockchain is the core technology used to create the cryptocurrency, Bitcoin, through the maintenance of immutable distributed ledgers in thousands of nodes proposed by Satoshi Nakamoto in 2008 (Nakamoto 2008)
It has been considered as part of the fourth industrial revolution since the invention of steam engine, electricity, and information technology (Chung and Kim 2016; Schwab 2017)
Transparency, and trustworthiness for all transactions executed in a blockchain network, this innovative technology has many potential applications (Underwood 2016)
Summary
Blockchain is the core technology used to create the cryptocurrency, Bitcoin, through the maintenance of immutable distributed ledgers in thousands of nodes proposed by Satoshi Nakamoto in 2008 (Nakamoto 2008). It has been considered as part of the fourth industrial revolution since the invention of steam engine, electricity, and information technology (Chung and Kim 2016; Schwab 2017). Blockchain technology has been applied in various fields such as cryptocurrencies in the financial area, which includes Bitcoin, Ethereum, and Zcash (Zerocash), etc. Following on to the four innovative applications of using blockchain technology in education and the advantages are presented
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