Web 3.0 and Blockchain will disrupt the University Model of higher education
Innovation within the tech. industry has exploded since the turn of the century. In stark contrast, within the higher education sector it continues to move at a glacial pace. Web 2.0 has allowed certain features to be 'added on' to the typical University experience such as course intranet platforms, online journals and peer support groups. However, in an internet-empowered world, the very model itself begins to look dated.
Why are students still physically attending lectures, often in a room with over a hundred others, when the same experience could be delivered online? Perversely, at a time when the University experience has got worse compared to alternatives, University education is more expensive than ever. If we step back and consider the main aims of higher education - to achieve a better general level of education within a population and to prepare people for the world of work - it seems we could do much better than the University model with the tools we now have at our disposal.
This leaves the University and higher education sector in a spot that's ripe for disruption, a place it's been for several years. For various reasons, Web 2.0 changed the higher education sector, but didn't completely revolutionize it. However, the suite of technologies that mark the arrival of Web 3.0, such as blockchain, promise to do just that.
Education on the Blockchain
Similar platforms already exist, but it's the integration of employers within the ecosystem that makes Tutellus truly revolutionary - something that likely wasn't possibly in the world of Web 2.0. Blockchain technology allows startups to create ecosystems which integrate, and align the incentives of, multiple parties - this further allows startups to create multi-sided network effects that help to grow the platform.