"Blockchain is the technology that first gained recognition as the backbone for Bitcoin. It is best described as a distributed ledger system. Each entry is a block that is time-stamped, encrypted and replicated at all of the nodes along the chain. The most-discussed application of the blockchain in higher ed is to enable secure credential dissemination."—Source: Inside Higher Ed
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WHY THIS MATTERS:
Everyone in higher ed has heard the buzz around blockchain. What they may not realize is that it has potential use-cases that extend far beyond keeping track of academic credentials. Inside Higher Ed breaks it down.