Really beautiful write up. You pointed it out all. I agree with you that it will improve education standard.
Traditionally institutions have been a source of trust: universities, for example, are trusted “brands”. In finance, where blockchain is nowadays a ubiquitous hot topic, banks exist to enact transactions, creating an environment in which blockchain’s advantages are readily obvious.
In education, however, there needs to be trust beyond the technology. We are looking, I think, at a hybrid model rather than a wholesale blockchain takeover. Reputation will still matter, and this will continue to be derived from the quality of the instruction, teachers, research, and so on. However, blockchain can play a role here, too, as one could imagine a sort of web of teachers and learners that deploys blockchain to cut out institutions. This, in my view, is not impossible, but it is unlikely.
It must also be recgnized and conceded that blockchain is not without its problems. There are data-regulation issues, and a cloud has been created over the technology by the fact that one of the exchanges in the Bitcoin system.
Yet the biggest obstacle to blockchain’s more widespread use is cultural. Education is a slow learner and a very slow adopter. Despite its obvious advantages, the learning world is likely to be slow in implementing this technology, as most of the funding and culture is centred around the individual institution. Thanks @velimir for the invite. Its a great time i am having here.