A new federally-funded and ambitious initiative aims to explore the use of blockchain technology in higher education.
The American Council on Education (ACE) has received funding from the U.S. Department of Education to support the Education Blockchain Initiative, which is designed to help identify and evaluate ways that blockchain technology can improve the flow of data among educational institutions and employers while empowering individuals to translate educational outcomes into economic opportunity.
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It will include the launch of a competitive challenge to fund pilot programs later this year.
“This work is about exploring the potential of blockchain technology to give learners greater control over their educational records,” says Ted Mitchell, president of ACE. “It’s about enabling more seamless transitions between and across K-12, higher education, and the workforce. This initiative will explore how this nascent technology can break down barriers for opportunity seekers to fully unlock their learning and achievement.”