Back in 2017, Blockchain came into the spotlight in the market. The sudden growth of this high-end industry at the start was tremendous and unpredictable. Well, Most of that growth was from cryptocurrencies, Majorly Bitcoin, and ethereum as people saw them as their chance of earning extraordinary profits. And they also earned those profits. The wave of cryptocurrencies and blockchain also dove the focus of market leaders and giant players in the IT industry towards the benefits of using the technology for other purposes. Companies like IBM, Amazon, Baidu, BMW, Citi Group, Facebook, Google, JP Morgan, Mastercard, Microsoft, etc are also investing a big load of cash and workforce in this industry. They all are focusing on gaining high-security levels in the transactions and their working. In this, The simplest way to explain Blockchain is the number of transactions is called chains, and when we do a new transaction then it is declared as a block. The point of doing them separately and to adapt this unique distribution is to not keep every transaction or every data in one place in order to make it more secure.
Problems in Elearning
With the rise in users of eLearning in this global pandemic, We are also facing many issues with a load of its benefits. The first issue we are talking about is that students are not able to stick to the course as the retention and completion rates are very low in the learning management system. They always get distracted over the internet. The second problem in elearning is that they are not used properly. The mentality today in students and educators is that due to the pandemic they have declined their quality of education by coming into the elearning. All they are doing is, Just for a degree and meaningless education.
Blockchain in Elearning
To give more motivation to students and educators online, We can incentivize them by structured crypto tokens on achieving their biggest milestones. With students, they can get more than a degree, and if they study well and take all the important tests and clears them they get to have a part of the futuristic currency. And for educators, If we give them the crypto tokens as an incentive whenever their content gets more attraction and whenever they generate exceptional content. At the end of the day, It will purely make your platform better and content-driven. These benefits are just the one solution to this, but the blockchain is necessary in today's world of IoT. Every platform that contains sensitive information like user id, password, behavioral data, should take these security measures to make their data secured.
We are also working on the development of blockchain technology in the most convenient way for users around the world. And we are also inviting entrepreneurs to come forward and develop an eLearning software with us by the collaboration of this incredible technology. We believe that eLearning should be the primary source of learning to make it accessible for every human on the planet. For more information and if you want to learn more about this high-end technology, Visit BSETec.
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