Tokenization of educational assets based on blockchain technologies

• Main Authors: Olexander Shmatko, Tetyana Borova, Serhii Yevseiev, Oleksandr Milov
• Format: Article
• Language: English
• Published: PC Technology Center 2021-05-01
• Series: ScienceRise: Pedagogical Education
• Subjects: tokenization; educational assets; blockchain; smart contracts; consensus algorithms; decentralized register
• Online Access: http://journals.uran.ua/sr_edu/article/view/232321

Possible scenarios for using blockchain technology in the field of education are considered. Methods and technologies of tokenization of assets, related to the educational process, are investigated. It is concluded, that the blockchain technology is decentralized and transparent with a high degree of reliability, which ensures the equality of all users of the chain's services. The transparency of the technology guarantees the participants in the process against abuse and forgery of documents. The study of the features of smart contracts made it possible to form the advantages of smart contracts in the field of education. This is, first of all, the conclusion of agreements without the participation of third parties, as well as the security and confidentiality of agreements. This ensures that the terms and subject of the agreement are kept secret, and that no one else can amend the agreement. At the same time, storing the contract in encrypted form ensures its confidentiality. A decrease in the cost of operations was noted. Tokenization of educational assets is considered on the example of preparing and defending a thesis with the subsequent registration of a diploma. The processes of passing the thesis in the context of using blockchain technology and issuing smart contracts are considered in detail. The advantages of using blockchain technology and smart contracts are illustrated with specific examples. A study of the means and mechanisms for ensuring the confirmation of the authenticity of educational documents, the confidentiality of students' personal cards, and student identification has been carried out. To create a decentralized distributed ledger for tokenization of educational assets, it is proposed to use blockchain technology and smart contracts based on the Ethereum platform