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Ines commented on Cryptocurrency, Blockchain and HigherEd

Hi Kate,

1) The internet has enabled new models of trust (check out Rachel Botsman’s work in this space). We rely on online reputation to buy products and services. Although these types of reputation models are still evolving and are in no way bullet proof, I would expect education to use such systems of trust in the future. Given that expert opinion in this sector is as important as consumer opinion, models of reputation such as that brings together consumer and expert ratings may work well.

2) Blockchain enables the implementation of smart contracts. I explain the concept here: . As per my blog, code is not bulletproof, but it would allow institutions and students to define and execute a contract with full transparency and clear understanding of the terms of the agreement.