How Web3 will Bring Change to Edtech?

Web3, a third-generation, decentralized internet service bundle for websites and applications, has already generated a lot of buzz. Its core areas are machine-based data analytics; developing and maintaining more connected websites and applications; and providing compensation for user information using new technologies such as AI, ML, and blockchain.

Web3 profoundly impacts our functioning and allows users to create large-scale content. It is being promoted by the mass-tech movement with its core pillars of crypto, the metaverse, and blockchain. With the development of decentralized infrastructure, the metaverse may become mainstream in the next few years. It is possible to create virtual worlds. Everything will be the same as in the real world, but with more personalized and immersive digital experiences.

Web3's " Play-to-earn" model and unique NFT uses have greatly impacted the world over the last few years. Web3 allows people to make online decisions without compromising their utility. It is, therefore, reasonable to believe that Web3 could dismantle education systems. Web3 is still in its infancy, and many things need to be improved. However, it is poised to revolutionize the education sector and make learning more relevant and data-driven. Edtech and Web3 will be a part of edtech and bring together smarter methods.

Web1 and Web2 both use centralization to support all kinds of online activity. Web3 in education uses decentralization to ensure a transaction is verified. What does this all mean for education? Web3 is the next step towards a world where everyone has equal access to intellectual opportunities.

The internet has brought education many new possibilities

• Web1 education can be described as the same thing as knowledge transfer between institutions.
• Education in web2 refers to centralized platforms that distribute education.
• Web3 education is about people learning skills from multiple sources, then validating them on-chain in their wallets.

For most of human history, education has been something only a small percentage of people have had access to. Many people missed out on ed1's opportunities for learning, socializing, research, and learning, as well as measurable credentials. Web3 is an educational technology solution that addresses many current issues. Imagine universities being fractionalized so you can only get the micro-credentials necessary to advance your career. Credentials that can be transferred between institutions or industries are also available.

Current education: Challenges

Web3 in Edtech can solve three key challenges facing current education. These include accessibility, affordability, and accreditation.

Accessibility

Accessibility is a major problem in today's education system. 7% or less of the global population has a college degree. There are also concerns about equality and inclusion among this population. To ensure equal representation, universities are often the center of attention. The structure of universities and schools also limits access to education.

Localization

One of the biggest obstacles to education for many students is their location. Many K-12 schools are located within specific areas. Despite the popularity of online university classes due to the COVID-19 pandemic, many classes require students to attend in-person classes. Online courses may only be available in some countries, so it is important to keep national borders in mind.

Time

The current educational system offers classes in chronological order. Many classes start in the fall, spring, or summer. If students miss a class, they will be required to wait. Students will only be permitted to finish a course in some courses if they can attend the entire 16-week semester. Many courses are presented in sequences, so the next will take longer if one course is missed. These are the reasons accelerated programs have emerged.

Affordability

The current system makes it difficult to be affordable. Rising education costs have resulted in a significant increase in student debt. This makes it harder for students to open their businesses and choose the most suitable path. Re-skilling and reframing education into a lifelong pursuit is necessary for many jobs.

Many people owe university tuition. It is unlikely that they will return for further training. Inflation will likely cause this cost to increase in 2022. This is a problem for governments that finance overburdened state education sectors and for parents who pay multiples for private education.

Accreditation

Accreditation helps students learn in the knowledge economy and slows down changes. The Carnegie Unit must accredit courses. This is the number of hours spent in a classroom. While this standardizes students' time in a classroom, more is needed to guarantee mastery.

We need to move from theory to practice to increase our knowledge and economic skills. Competency-based accreditation models may offer a way to reward mastery and overclocking. Universities are under increasing pressure to improve their administration.

What is EdTech?

Edtech can also be called educational technology. Edtech uses information and communication technology to create new learning opportunities in the classroom. Edtech allows teachers to support hybrid learning. This creates an inclusive learning environment accessible to all learners regardless of where they live. Edtech has many benefit, including the following:

Edtech connects hybrid classrooms

Remote learning is the best method to benefit from technology in education. This is the ability to access lectures and classes via audio or video. To keep students engaged, edtech is required. Education can be made more accessible by creating video conferences to enable students to connect from anywhere on the planet.

What is Web3's role in EdTech today? Why does it matter?

Students are more interested in skills development, upskilling, and reskilling. Edtech is heavily promoted to youth, especially to help them adapt to new technologies and invent in their areas. E-learning is growing in popularity not only in Tier-1 cities but also in semi-urban and rural areas. In the last two years, there has been a major shift towards e-learning due to the coronavirus outbreak. It is now part of the main framework for IT and technological education. Web3 is important for today's education because:

• It's time to maximize your earning potential using a digital platform that allows content creation, monetization, and information sharing.
• Artificial intelligence allows you to create self-learning and flexible learning modules. It allows self-sufficiency as well as evolution. It also monitors learner preferences and habits to provide the necessary resources and results.
• You can personalize your learning experience by adding your preferences and interests and choosing specializations. Users can personalize their learning materials using edtech modules. From user profiles, virtual avatars can be created that reflect users' learning interests and preferences.

End Note

Education is a fundamental human right. The knowledge they learn from web3 education will benefit them and help them to enter the knowledge economy to make an impact in the world. Web3 will make it easier for students to access, afford, and accredit dynamic education. This will allow them to thrive and make a difference in the world. Students can take control of their education, reshaping the value chain from educators to employers to students to parents. We are only at the beginning of the web3 revolution. Like all industries, education should follow suit.