Blockchain proposes many innovative technologies to establish credible mechanisms in an open environment and therefore, it becomes a promising solution to the problem of credibility in educational development. To better understand the role of the blockchain, we aim to provide an extensive survey focusing on its key technology, application potential, and performance evaluation. First, from the perspective of blockchain characteristics, we summarize its application architecture in educational credibility. Next, we extensively discuss application potential of the blockchain, such as data storage, data sharing, achievement certification, and activity evaluation. Moreover, we investigate the performance evaluation, including basic performance metrics and specialized metrics for credibility. Finally, we analyze the challenges and research trends of blockchain in educational credibility and provide useful insights for future research.