A decentralized and programmable entity that operates on blockchain technology, governed by smart contracts and consensus mechanisms. It enables autonomous decision-making and management of resources without the need for a central authority. DAOs use blockchain to execute rules encoded in smart contracts, allowing participants to collectively govern and control the organization's activities, often involving financial transactions or decision-making processes through a consensus of its members.
Published in Chapter:
A Novel Approach for Implementing Blockchain Technology in the Education Sector
Copyright: © 2024
|Pages: 24
DOI: 10.4018/979-8-3693-3003-6.ch002
Abstract
Blockchain technology has the transformative potential to reshape the education sector by addressing challenges related to student data privacy, certification, and credential transfer. This chapter proposes a comprehensive approach to implementing blockchain in education, encompassing the development of a decentralized student record system, issuance of digital certificates, implementation of a blockchain-based learning management system, creation of a decentralized marketplace for educational resources, and provision of a transparent donation platform. By leveraging blockchain's decentralized and secure attributes, this approach aims to establish a tamper-proof system for storing, verifying, and sharing educational records. The benefits include enhanced security of student records, streamlined credential verification, and efficient resource transfer. The chapter explores potential applications like digital identity management, credential verification, secure data storage, and smart contracts for academic transactions.