Transformation of Higher Education System Using Blockchain Technology

Abstract

As cloud storage grows, companies are storing and handling vast volumes of data throughout this century. Large knowledge arrives from businesses, the Internet of Things (IoT), and unstructured channels. Nevertheless, the findings of an experiment are not relevant merely because large data and research methods are accessible. The idea that data offers valid information relies on the right data. Organizations who want to implement Blockchain in their organizations would then have to ensure that they have the appropriate big data and the highest standards because it can no longer be changed while on a Blockchain. Blockchain could be a catalyst for better data if done properly, leading to improved insights. The characteristics of blockchain extend to any sector and tackle questions regarding data quality and confidentiality, which hinder the usage and exchange of big data. Organization that wants to use big data and Blockchain will find new instruments that have been developed to support this, like BigchainDB built on MongoDB. The introduction 500of the features required for business growth, including scalability, database capability, and audit trails would allow Blockchain-based apps that follow organizational requirements simpler for companies to create. Finance is the first place to consider Blockchain applied to Big Data. All transactions in Bitcoin (BTC) are kept inside the Blockchain Network. The transaction data is not private though BTC provides a degree of anonymity. Blockchains have a lot of potential, especially when private data are involved. Blockchains are used in healthcare to help reduce the effects of cybercrime and data theft. Training of data attacks is sadly not that far behind financial and healthcare. In 2017, schooling witnessed the most data breach in all sectors, comprising 13% of all violations. Student data may seem worthless, even if it is a good commodity among cybercriminals since most small children and adolescents have limited financial knowledge. Because recording and processing information is simpler, Blockchain can be used to improve library and educational institution knowledge systems. Many institutions participate in the worldwide education market, and it becomes even more difficult to monitor the status and authenticity of the diplomas and use different approaches/procedures. Today higher education agencies are also offering grants to campuses in various cities and nations. Significant security concerns are therefore considered in securing data transactions, such as student profiles and certifications. The blockchain technology is a potential answer to this issue, as in many other fields.