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Wednesday, October 4 • 11:00am - 12:00pm
How Blockchains and Cryptocurrency Can Transform Colleges in a Networked World

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Blockchain is the technology for decentralized management of distributed data that underpins BitCoin and other cryptocurrencies. Researchers have recently noticed that Blockchain technology is also useful for transforming other previously centralized activities into distributed autonomous organizations, and that has spurred a flood of investment. Blockchains are ideally suited to create a universal ledger that records all educational events, transactions, and outcomes into a kind of global super-transcript that does not require validation or administration by centralized authorities. Such a ledger would be secure, private, tamper-proof, and timestamped but it would also be open so that third-party developers can create applications that deliver value to students, employers, and institutions. These applications would be deeply disruptive to accreditors, federal regulators, the personnel recruitment industry, rankings, credentialing, and other middle-man industries that create unnecessary friction in higher education, ultimately driving up the cost of education.

avatar for Rich Demillo

Rich Demillo

Executive Director, Center for 21st Century Universities (C21U), Georgia Tech
Richard DeMillo is the Charlotte B. and Roger C. Warren Professor of Computing and Professor of Management, former John P. Imlay Dean of Computing, and Executive Director of the Center for 21st Century Universities at the Georgia Institute of Technology. Author of over 100 articles... Read More →

Wednesday October 4, 2017 11:00am - 12:00pm EDT
Room E - Marquis Two - Lower Lobby Conference Center 285 Peachtree Center Ave NE, Atlanta GA 30030