Benefits of Blockchain Technology in the Education System

Education is an integral part of our lives. It is also the foundation to newer technologies. Blockchain Technology is an example of such technology that can benefit the educational ecosystem. With the rise of the internet, educational materials are right on our fingertips: in our phones and computers. As such, two methods of education are such as eLearning (electronic) and mLearning (mobile learning) are gaining traction.

A Reuters report suggests the size of the global eLearning market is expected to grow from $176.12 billion in 2017 to reach $398.15 billion by 2026 with a CAGR of 9.5% (source). Emerging mLearning market USD37.60 billion by 2020 (source). Both the growth in global eLearning and mLearning can tell us that the demand for education is increasing. The internet has provided plenty with easy access to educational material in most topics today. Talk about the age of information.

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