Survey on blockchain for sharing of students' credentials in education ecosystem

Abstract

In recent years, blockchain technology has experienced tremendous growth in application development and gained a lot of attention from people. Blockchain technology-based applications are rapidly expanding in a variety of domains, including government, education, the energy sector, and the internet of things (IoT), among many others. Blockchain is a decentralised and peer-to-peer system that permits the recording of digital transactions in a distributed, encrypted, and secure manner. Even though blockchain technology has the potential to provide more efficient and reliable applications, challenges and obstacles are also present. This paper gives a rigorous overview of the underlying concepts of blockchain: distributed ledger technology, smart contracts, and other features; with the challenges and the corresponding solutions also discussed at the end. This paper also surveyed the blockchain applications in the education ecosystem that are tied to student credentials.