The education industry is changing before our eyes. No longer solely the province of a centralized learning environment in either the physical or virtual worlds, education now occurs via peer-to-peer interactions, online and from anywhere on the planet. Educational providers, particularly in higher-ed, are struggling to harness digital technology as a tool for transformation. Blockchain technologies present enormous opportunities to help higher education providers:
*Reduce costs and eliminate fraud by avoiding manual verification of transcripts and other documents.
*Increase innovation by providing a platform for collaboration between business and educational institutions, as well as other possibilities.
*Boost efficiencies via “smart contracts” that execute automatically when certain conditions are met.