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Blockchain, VR in education poised for growth: report

Author: Content Editor
Blockchain, VR in education poised for growth: report
A new report from HTF Market Intelligence predicts that the market capitalization of blockchain in education will reach over $7 billion by 2032. The report cites the need to improve global education standards as a key driver for this growth, with blockchain solutions offering improved data integrity and security for learning institutions. The report also highlights the potential of non-fungible tokens (NFTs) in education, including digital certificate issuance and tokenized learning. North America and Europe are expected to lead in adoption, but Southeast Asia, Africa, and Latin America are projected to make significant progress. However, scalability and regulatory issues are identified as challenges, along with interoperability and integration with other technologies like AI. The report also discusses the growth of virtual reality (VR) in education, which is projected to reach a value of $25 billion by 2032. Higher institutions are expected to drive adoption, and integration with blockchain, AI, and machine learning is seen as important. Despite challenges such as hardware prices and internet connectivity, the report predicts a decline in VR headset prices and increased adoption in the Global South.

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