Online Education
The Blockchain Future of Higher Ed
Author: Ray Schroeder
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Ray Schroeder, Inside Higher Ed
As higher education slowly adapts to the Fourth Industrial Revolution (4IR), spurred by the COVID crisis, students and industry are recognizing the need for a technologically supported way to document the full array of learning in the classroom and beyond. Soon to disappear will be the notarized paper transcripts that are controlled by the university. In the past, these 19th-century-type documents have been subject to withholding for unpaid fines and fees. The American Council on Education has recognized the need to support this move to electronic credentialing and ledger dissemination. They have announced a $900,000 Blockchain Innovation Challenge with applications due Oct. 30.
As higher education slowly adapts to the Fourth Industrial Revolution (4IR), spurred by the COVID crisis, students and industry are recognizing the need for a technologically supported way to document the full array of learning in the classroom and beyond. Soon to disappear will be the notarized paper transcripts that are controlled by the university. In the past, these 19th-century-type documents have been subject to withholding for unpaid fines and fees. The American Council on Education has recognized the need to support this move to electronic credentialing and ledger dissemination. They have announced a $900,000 Blockchain Innovation Challenge with applications due Oct. 30.