The American Council on Education (ACE) selected four winning groups for the Blockchain Innovation Challenge’s first phase. The challenge, funded by the U.S. Department of Education, aims to promote blockchain solutions that help students take control of their educational records.
One challenge that the American educational system faces relates to the management of students’ records. Scholars often have to go through a complicated and bureaucratic process to get hold of their school transcripts and other essential credentials to demonstrate employability. The process is worse in underserved regions where school districts lack staff and technology to gather the documents upon request seamlessly.
The Blockchain Innovation Challenge is addressing the issue by helping to fund blockchain solutions targeted at disadvantaged students to enable them to gain control over their records. It is part of the Education Blockchain Initiative, which was launched in 2020 to research implementations of blockchain credentials technology to improve students’ employability.
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