How European Startup BitDegree Aims To Revolutionize The Education Sector

Startups in the technology field are nothing new, but when one like BitDegree comes along, it is something special. This European startup aims to create an online learning revolution, breaking down the barriers to educational access for all to learn the essential skills of the future. Their efforts are just on time, too.

The online education industry is booming. More people than ever before are taking online courses and earning full degrees in nearly any field without ever stepping foot inside a classroom. Some projections from the pros say that online education is growing by as much as 10% or more per year in terms of enrollment and revenue. Most major universities already offer some of their many courses online, although most do not offer full degrees to be earned from home.

That’s where startups like BitDegree come into the mix.

Offering Virtual Degrees

Companies like this go a step further by offering full degrees solely through their website, without the need of physical locations. BitDegree is built on a community of technology professionals with years of professional and teaching experience. The entire company lives online, which means anyone with an internet connection can gain access to the knowledge of these professionals. This also helps save on costs for the organization as they do not need to maintain any facilities beyond the headquarters of the website.

The company has managed to develop a way to provide virtual degrees to their graduates, something that is rare in the online education world. Using blockchain technology, they can record the achievements of their students and provide a legitimate degree for the student’s efforts. Rather than most current online educational systems which offer a completed course certificate, BitDegree will provide certification that a student has completed a range of classes relating to a broader topic, much like a university degree. Even better, the organization provides educational paths that pertain directly to certain professions, skipping over the general education requirements found at most higher education systems.

While already ahead of the curve, BitDegree prides itself on looking toward the future. Many universities, while they may offer a few classes online, still abide by old rules and thinking when it comes to education. Most schools have strict, outdated standards that do not necessarily provide the best knowledge for students to find gainful employment once they graduate. BitDegree strives to create and update classes and degrees on a regular basis to keep up with trends in every industry.

Using The Blockchain To Record Achievements

One way in which the startup lives up to its promising technology goals is in the use of blockchain technology. The same tech that powers Bitcoin and other cryptocurrencies, is the technological foundation of the BitDegree system. The company accepts cryptocurrencies for payment of their classes and uses blockchain to maintain records of student accomplishments. This allows the company to handle everything with a decentralized system, keeping payment and records safer than a standard system used by most other educational organizations.

The company has big plans for the future as well. In the long run, BitDegree intends to offer classes which are directly sponsored by employers who are looking to hire. Once a student has completed a course or series of courses, they would have direct access to companies which are hiring for the very skills the student just learned. This can help students to find gainful employment while also helping companies find valuable, well-trained employees.

Understanding the need for recognition in education, the company also intends to create various ways to show that a student has succeeded in their studies. Certificates, badges and other digital items will be developed as a way to show employers that a student has passed a number of tests, completed a number of courses, or accomplished a special education goal. These accolades can be a great tool for showcasing the student more favorably to potential employers.

The future is very bright for the world of online education, and BitDegree looks to be at the forefront of the charge. Recent years have clearly shown the need for digital knowledge in nearly every field. Organizations that are ready to offer that knowledge to their students will gain the most attention and lead the online education industry into the future.

 

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