# The Future of Online Education and Verifiable Credentials

By Shanice Bennerson · Published 2023-08-17 · Updated 2026-03-25 · Education Technology on MarketScale
Canonical: https://www.marketscale.com/industries/education-technology/the-future-of-online-education-and-verifiable-credentials

> Decentralized identity technology offers instant verification of education credentials, protecting institutions and learners from the $70 million annual fraud c

## Key points

- Decentralized identity technology offers instant verification of education credentials, protecting institutions and learners from the $70 million annual fraud c

Block Field

Fraud costs the education industry at least [$70 million globally](https://shuftipro.com/blog/5-frauds-in-the-education-sector-and-how-they-can-be-prevented/). But what can be done to protect businesses, students, and parents from fraud? Using decentralized identity technology, verifiable credentials provide a solution by allowing instant education credential verification. Online learning is revolutionizing education and micro credentialing is a key aspect of this transformation. On the [Voices of eLearning](https://marketscale.com/shows/voices-of-elearning/?wvideo=dsimyz30zl) podcast, [**Nick Lambert**](https://www.linkedin.com/in/nick-lambert-a760811b/), CEO of **Dock Labs AG**, discussed the importance of micro-credentials and fraud protection.

Tags: AI, data ownership, elearning, future of education, online education

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