is always maintained for consistency. With this
mechanism, the recorded transaction information
cannot be traced back to any person or organiza-
tion.
Authenticity:As the address of the user issuing the
transaction using an encryption key is digitally
signed, the authenticity of the transaction executor
is guaranteed unless the encryption key is stolen.
In this research, we focus on the realization of
smart properties. The virtual currency balances and
the transactions are recorded to each ledger in the
Bitcoin protocol; that is, reliable transactions are
deployed without any third-party intervention. The
smart property concept is that the data representing
the assets, rather than the virtual currency, are recor-
ded in each ledger. A transfer of the ownership of
the asset can be realized by changing the owner of the
data in each ledger. Then, expensive assets such as
stocks, land, and precious metals can be traded wit-
hout the need for third-party organizations; therefore,
it can significantly transform social structures (Swan,
2015).
2.3 Smart Properties
The original protocol of the blockchain such as Bit-
coin, which records the transaction of virtual currency
with the balance of the virtual currency possessed by
the user, can be relied upon without going through a
third-party organization such as a bank and realizes
the transfer of virtual currency.
In addition, a more recent protocol called smart
property as a part of the attribute of the blockchain
can have data representing an asset and unique data
associated with the asset, and the assets owner can be
rewritten by the property transfer. Using smart pro-
perty, the attempt to transfer ownership of assets is
also expanding.
Transactions with smart property do not medi-
ate third-party institutions for high-value assets such
as stocks, land, and precious metals, thereby signifi-
cantly transforming social structures (Swan, 2015).
2.4 Application of Smart Property
An example of the application of smart property is
the attempts being made to manage the copyright of
digital contents as an asset in a blockchain.
Binded (https://binded.com/) provides authorship
certification services for image files. When the creator
sends the image file to the Binded system, creation
date and author are recorded in the blockchain, and
the author can prove his/her authorship.
Furthermore, similar image files on the Internet
are automatically displayed so that unauthorized di-
version monitoring can be performed. With this, Bin-
ded can assert rights by recording in the blockchain if
there is a dispute about the attribution of the copyrig-
hted work.
2.5 Application of Blockchain to
Education
The application of blockchain to education has the
possibility of changing traditional online education
such as MOOCs, and could even have a significant
influence on regular school systems (Swan, 2015).
Currently, blockchain is being used to issue and
manage academic credentials or certifications. In
Holberton School (a computer school in San Fran-
cisco) and Ngee Ann Polytechnic (a vocational col-
lege in Singapore), students record their academic
credentials in the blockchain, manage them as their
learning outcomes, and use them for job-hunting pur-
poses (Campbell, 2016; Rohaidi, 2017). MIT Me-
dia Lab has also developed a certification manage-
ment system in collaboration with Learning Machine,
which is now available as open source software.
More in-depth applications have also been propo-
sed. The Institute for the Future (IFTF) has the slo-
gan “Learning is earning,” and predicts that learning
transactions will take place in blockchain within ten
years. Specifically, learning in public education, the
Internet, SNS communication, or from life experience
can be traded as assets in virtual currency (ACT Foun-
dation, 2016). This demonstrates the possibilities of
an future education provided by blockchain; however,
to date, the IFTF has not specified it as a particular
method.
3 CHiLO
3.1 CHiLO’s Architecture
CHiLO designed specifically as a decentralized ap-
plication that does not require a centrally managed
Server can be distributed through general e-bookstore
such as the Apple Store
TM
and Google Play
TM
, and
can be delivered through any web server including
LMS. In addition, the e-book reader application is
designed to be browsable even from a web browser.
Therefore, the design of CHiLO has realized the con-
struction of an online learning environment that is
oriented toward a decentralized architecture to deli-
ver highly flexible online education without the need
to rely on a specific LMS.
Learning System based on Decentralized Learning Model using Blockchain and SNS
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