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Implementation of blockchain technologies on the market

There are currently several projects on the market that are developing blockchain architecture for the field of education.

The University of Nicosia was the first educational institution that started to use blockchain architecture for the storage of diplomas and qualification characteristics. Students from more than 80 countries can learn remotely and, since the university is a member of various European educational organisations, their diplomas are accepted worldwide. Furthermore, the universities accept cryptocurrencies for tuition.

Having conducted an analysis of the educational blockchain projects now in development, we have reached the conclusion that these projects largely solve isolated issues, namely:

  • digitalising data

  • introducing smart-contracts to ensure the security of deals between teachers and students

  • unification and storage of the data on academic achievement in several educational institutions

  • cross-border cryptopayments

In June 2017 Sberbank has confirmed the need for a verifiable academic history by awarding the 1st prize in its annual hackathon to the team that developed a blockchain-based CV project.

The DISCIPLINA blockchain will not only solve all the aforementioned issues, but also unify the field of education. Furthermore, blockchain will generate quality changes on the market by making cooperation between educational institutions and recruiters more effective. It will constitute a system that stores reliable and trustworthy data.

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