In today’s rapidly evolving digital landscape, the education sector is increasingly turning to innovative technologies to address longstanding challenges. Among these technologies, blockchain stands out as a powerful tool with the potential to revolutionise various aspects of education, particularly in ensuring transparency and security.
At its core, blockchain is a decentralized and immutable ledger that records transactions across a network of computers. As per Fortune Business Insights, the global blockchain technology market size was valued at USD 11.14 billion in 2022 and is projected to grow at a CAGR of 59.9% to reach USD 469.49 billion by 2030.
If we talk specifically about the education sector, as per Business Research Insights, the global blockchain market size in education in 2021 was USD 118.7 million and is expected to grow at a CAGR of 43.94% to reach USD 3.05 billion by 2030.
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