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As part of attempts by concerned stakeholders in the crypto world to meet up with the global trend, a university operated with blockchain technology has been conceived. This university was birthed by a team of academics and researchers from Oxford and it is expected to commence full academic programs next year.

First Blockchain University in the World

By the time it commences full academic activities in 2019, Woolf University would be making history as the first university to operate with blockchain technology.

Among the claims of the academics for establishing this university is that it would reduce the cost of education and increase teachers’ remuneration.

One outstanding feature of this university is its affordability. Courses are to be offered at cheap courses because the data ledger of the school’s blockchain would be used. This eliminates the necessity for administrative team and regulators.

The University’s founder, Joshua Broggi has noted if properly harnessed, blockchain technology has the capacity to address most of the challenges faced by the education sector today. The don noted that even with the blockchain ledger, it would be hard for anyone to receive certificates from the school if they have not been in attendance there.

Similarly, Broggi proceeded to argue that the ledger would get rid of middlemen and ensure that administrative processes are automated. This, he said would help to reduce some costs. Broggi further said that using the blockchain technology would make it possible for students to get credits from a number of providers.

Ambrose College’s Role

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Ambrose College is projected to be the first to utilize the blockchain platform. By this, the college will make available Oxford tutorials in the digital form and it is expected to cost $400 for a session. Broggi is hopeful that this plan will win itself lots of admiration as several more players come on board.

Woolf University is equally expected to give non-European students the opportunity of obtaining a European degree. And under this arrangement, both the teachers and students would have their attendance tracked by a “Check-in” designed for that purpose.

Although Woolf would be the first University to fully make use of blockchain technology, several other institutions have been trying it out in times past. Among such is the Arizona State University. This US institution deployed a lab based on blockchain to investigate the effect of blockchain on the world.

Criticisms

Expectedly, the idea of deploring blockchain technology to the educational sector has not been without several backlashes. Many players in the education sector have faulted the need for such a concept. One of such vocal critics of this project is Michele Finck.

She recently published a paper titled “Blockchain Regulation and Governance” where she submitted that allowing blockchain technology in the education sector would amount to defeating the aim of University education in the first place.