Sony Wants Blockchain Technology to Improve Global Education Systems | Finance Magnates
IBM Japan (NYSE: IBM) has announced that Sony Corporation and its subsidiary Sony Global Education have developed a new blockchain-based student education records platform. The new system can record student data, sharing it with a network of need-to-know parties including school administrators and prospective employers.
“Blockchain technology has the potential to impact systems in a wide variety of industries, and the educational sphere is no exception when educational data is securely stored on the blockchain and shared among permissioned users. We are pleased that we have worked together with IBM to build a new system which can help effect real change in the education sector,” said Masaaki Isozu, President of Sony Global Education.
The platform is built on IBM Blockchain, which is delivered via the IBM Cloud and powered by Hyperledger Fabric 1.0, a blockchain framework and one of the Hyperledger projects hosted by The Linux Foundation.
“Blockchain offers a new approach to how the lifetime history of data related to a person, place or thing is shared and managed. In effect, data tracked on a blockchain becomes a single source of truth,” said Yoshiki Minowa, Vice President, Partner – Cognitive Process Transformation, Global Business Services, IBM Japan. “We are delighted to have supported Sony Corporation and Sony Global Education to build up a new blockchain-based platform for innovations in education.”
Sony Global Education is said to be working with various educational institutions with the intent to launch the blockchain-based service in 2018.
Original Source: http://www.financemagnates.com/cryptocurrency/innovation/sony-wants-blockchain-technology-improve-global-education-systems/