The Role of Blockchain Technology in Education System in Bangladesh

Abstract

This paper explores Blockchain Technology, focusing on how incentives impact teamwork, which improves learning outcomes in academia. Blockchain is linked to decentralization, confidentiality, encryption, security, and integrity. It can also be viewed as a smart contract that rewards academics, institutions, and scholars through a consensus system. As a result, the application of these technologies has improved academic performance. It also enables individuals with less knowledge to interact with peers and mentors who possess more knowledge. Ultimately, the aim of these investigations is to increase our understanding of blockchain applications as they stand today. The research methodology includes content analysis, literature review, document examination, and survey methods. It introduces an innovative framework for seamless guidance regarding scholarly data, covering essential information like daily assignments, attendance, extracurricular activities, and detailed institutional grades. By leveraging Blockchain, we can create a unique system that ensures the integrity, clarity, and usability of these records, marking the beginning of a new era in efficient record-keeping. To conduct this exploratory study, 500 survey links were sent out, and 450 responses were received.