Blockchain Technology

Blockchain has stayed in the limelight longer than most tech experts initially believed. Despite its incredible reception and infancy in the business realm, most individuals are still in the dark about its potential to enhance businesses. The Bitcoin explosion in 2017 brought the concept of cryptocurrencies and Blockchain to the forefront for many individuals looking to invest. With it came the new trend of adopting Blockchain in industries.  It also piqued businesses’ interest with experiments on how companies can utilize this technology. What is Blockchain? A blockchain is a decentralized record-keeping technology. Blockchains are made up of several ledgers that are publicly distributed and serially connected, forming a chain. Blockchains possess nodes, individual entities that have a separate copy of the chain of records. The nodes verify every record of information added. Based on a consensus mechanism, they are added to the ledgers.  Blockchain application in Enterp...

New-age technologies are revamping conventional structures of education.  The most impactful one of them all is Blockchain. It implements real-time decentralization of education, allowing transparency and knowledge security to remain at its core.  The true potential of blockchain-based education will enable students worldwide to avail quality education in a streamlined manner. Managements can effectively utilize blockchain technology to optimize tuition processes to eliminate the existing hurdles.  In this article, let us learn how blockchain benefits students in three significant ways.  Offers Student eProfile:   Student credentials are a crucial part of education. They determine the students’ merits and help identify them among their peers. Student identity management has become a growing concern due to the sheer number of the population pursuing education across the globe.  Blockchain offers superior identity management solutions via de...