Innovation Hub

Emerging Solutions for Student Success


2017-04675-Innovation Hub-blockchainBlockchain refers to a bookkeeping method that “chains” together entries so that they are very difficult to modify later. It provides a way for large groups of unrelated companies to jointly keep a secure and reliable record of their transactions. It is called blockchain because in the technology underlying Bitcoin, where blockchain was first developed, all the transactions are sorted into “blocks,” and each block is chained, using sophisticated math, to the ones before it, all the way back to the very first transaction — a structure that makes it tough for anyone to change the records after the fact.

By creating a blockchain framework in higher education, institutions could potentially share a wide range of documents, including student transcripts or certificates, in a secure, verifiable network.

Latest News