STUDY OF BLOCKCHAIN TECHNOLOGY AND ITS POTENTIAL APPLICATION IN EDUCATION

Blockchain is the basic technology used to create cryptocurrencies such as bitcoin. Blockchain is a distributed ledger technology that uses cryptographic methods and distributed consensus algorithms to create functions of decentralization, tracking, immutability and currency properties. Its currency properties allow you to launch many innovative educational applications. Blockchain is a distributed network of computers used to store the source of information exchange.

Since the invention of the steam engine, electricity, and information technology as part of the Fourth Industrial Revolution, blockchain technology has been used in many areas such as finance, the judiciary, and commerce. Blockchain technology is becoming an urgent topic for many countries, institutions, enterprises and researchers. The current paper focused on its potential educational applications and explored how blockchain technology could be used to solve some educational problems. Blockchain technology can formulate all decoding. This article first discusses the features and benefits of blockchain technology, and then some modern educational applications of blockchain. Some innovative applications for the use of Blockchain technology were proposed, and the advantages and problems of using blockchain technology for education were discussed.

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