In the hype cycle of higher education, blockchain is at a steep stage. Institutional leaders and authority figures are very interested in the potential of blockchain, but they know very little about the technology.
So, how does the emergence of blockchain combine with the aspirations of higher education? Why would agency leaders notice its potential? How should university leaders understand the origin and application of this technology to meet the challenges and opportunities in the real world?
What is blockchain and why is it important?Blockchain is the potential technological innovation behind Bitcoin-the rise of digital currency. This technology itself solves a big problem in society: how to create a system that allows many people to maintain verified and credible information. For example, today, the record of who owns a piece of land is kept in the city hall. Imagine that if every city hall is connected, then every city hall has a copy of the land ownership.
Andreessen Horowitz partner Chris Dixon wrote recently, “The same people think that the invention of the early smartphone is the same, because the computing power and screen size of their transactions can be transplanted to the new Sensor.†Many people would think that Bitcoin is one. This fashion, but ignores its subversive nature.
Think of blockchain as a way of online learning in the early 21st century. Most university presidents have expressed regrets about the quality and efficiency of the digital revolution, and some entrepreneurial schools like Michael Crowe of Arizona State University and Paul LeBron of Southern New Hampshire University have established powerful online learning networks to make They have become the forefront of the higher education ecosystem.
Blockchain is driving job growthSoon, the blockchain "skill gap" will surface. One of the most needed skills for freelancers is blockchain. Blockchain jobs on LinkedIn have increased by 6000% over the same period last year. Developer salaries have exceeded $100,000, and the hourly billing rate often exceeds $100. Each skilled developer has more than 14 jobs.
If your university does not have the ability to introduce courses and concepts rooted in applications and blockchain, now is the time to start. Your students will look forward to it. Blockchain provides a rare opportunity for differentiation, not the latest fashion. Every major financial services company has announced a blockchain project, and countries like Malta have begun efforts to transfer their identification systems to the blockchain. So far, there is no prominent institution in the blockchain era. But the early pioneers were all shouting for this title. The Royal Melbourne Institute of Technology in Australia is one of the few colleges, and there are also courses on blockchain and currency recently launched by the Massachusetts Institute of Technology.
If you don't have a blockchain course, start with a certificate and develop a degree course over time. Education on the basis of blockchain has an impact on product design and business strategy, which will support students from all walks of life.
research problemBlockchain research is multidisciplinary in nature and can touch almost every discipline in the university. Even classics will be happy to note that the core innovation of this technology is often referred to as a Byzantine general problem.
Research funding and opportunities will soon emerge in large numbers. Savvy institutions will build capabilities by launching blockchain working groups, which span fields such as mathematics, political science, and finance.
When you bring your research team together, consider creating a special center of excellence for your research-blockchain will revolutionize everything from currency transactions to digital identities, and for even the largest universities , It may also be an overly broad field, covering every topic.
The impact of accountabilityBasic aspects of college life, such as teaching, learning or teacher management, are unlikely to be changed by blockchain in the short term. But blockchain will have a significant impact on other aspects and functions of higher education.
The federal government and private lending institutions can pay the cost of financial assistance based on the completion of the course. Universities may put student portfolios or other jobs on the blockchain so that employers or other partners can discover it.
Blockchain may make micropayments or easier identification on university campuses, creating the next set of radical innovations in student identification and payment. Every university president should first explore a few areas (for example, financial assistance). Blockchain can create new efficiencies or change back-end functions.
Go beyond the transcriptBlockchain is likely to be the death knell for embossed text. The records will be kept in a distributed ledger. Students will be able to share more information about their studies with future employers, friends and partners.
Now, the only way to know if someone graduated from your university is to call the registrar. If individual teachers or projects can play the role of "authorized certificate issuer", then the timestamp on the blockchain can be immediately verified. In short, blockchain can help solve one of the toughest challenges in higher education: to provide a good reason for a system that allows many people to maintain verified, trusted information.
This is not something in science fiction. Blockchain has allowed millions of computers to securely store information about students who graduated from universities instead of keeping these records in a registry office. In addition to hosting the world’s largest digital currency MOOC course-the world’s first such degree program, the University of Nicosia also announced a blockchain-based certificate that allows students to more securely verify their online Skills, now they have worked in multiple universities.
Technological innovation and disruption are often educated later in this cycle. The newspaper found that their business model was disrupted by the Internet before higher education. With the blockchain, it seems that venture capitalists and other financial intermediaries will be the first to be broken (this year there have been more than $6 billion in initial token issuance). However, it is only a matter of time before blockchain technology disrupts the way every university operates-and institutional leaders should be prepared.
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