Application of Blockchain Technology for Educational Platform

Abstract

Nowadays, huge amounts of data are generated every second, and a quantity of that data can be defined as sensitive. Blockchain technology has private, secure, transparent and decentralized exchange of data as native. It is adaptable and can be used in a wide range of Internet-based interactive systems in academic and industrial settings. The essential part of programmable distributed ledgers such as Ethereum, Polkadot, Cardano and other Web 3.0 technologies are smart contracts. Smart contracts are programs executed on the global blockchain, the code is public as well as all of the data managed within the transactions, thus creating a system that is reliable and cannot be cheated if designed properly. In this paper, in order to make the educational system more transparent and versatile we will describe an educational learning platform designed as a distributed system.