Blockchain, a buzzword with revolutionary potential, is a public ledger that automatically records and verifies transactions. Also known as distributed ledger technology (DLT), it is the fundamental building block that powers Bitcoin, Ethereum, and other virtual currencies. Then there are all the other ways DLT could transform various industries, with much of its potential uncovered amidst the pandemic. Even the education sector is reaping the benefits of blockchain technology these days.
- Improve record-keeping
- Records of education achievements
- Seamless payments
- Teaching and storage space