We keep hearing the buzz: Web3 is going to revolutionize education. Decentralization! Democratization! Empowerment! As someone who's spent years digging beneath the surface of shiny new things, I've learned to ask the tough questions. Is Web3 e-learning really making an equal playing field… Or does it just rework the same generational game into a more complex form? I think it's the latter.

Accessibility: Hype Or Harsh Reality?

The promise is tempting: education for everyone, regardless of location or income. Web3 advocates promise that the new decentralized infrastructure will make quality learning available at a lower cost and improve access. Let's be real. How accessible is an experience that’s not possible for someone who doesn’t have a crypto wallet? It requires a comprehensive knowledge of blockchain technology and expertise in traversing the sometimes perilous landscape that is gas fees.

Consider the example of an elderly single mother living in a rural community, having a hard time affording basic necessities. She’s come to know of some incredible new Web3 courses that would prepare her for a higher-pay job. She’s not going to get a computer—she doesn’t even own a cell phone, let alone crypto. Is Web3 really opening up new doors for her work and life? Or is it just creating new obstacles to the older, unequal systems? This is not democratization at all, this is digital feudalism where only the people who are inherently technologically literate can really capitalize.

Let's talk about the cost. While course fees might be lower on some Web3 platforms, there are still accessibility limitations. Costs of using the blockchain, like gas fees, transaction fees, and crypto volatility, add up fast. For many, these costs are prohibitive. The hope of a more affordable education goes poof with a cloud of greenhouse gas.

Who Guards The Guardians Of Knowledge?

Traditional e-learning has its problems, sure. There’s better quality control, however scant. With universities, you have accreditation, you have courses that are reviewed, you have instructors that are (generally) vetted. What happens when we discard all that out the window in the name of decentralization?

Who’s to blame when a Web3 course is full of bad information? Who do you call when a supposedly “decentralized” platform vanishes overnight, leaving your tuition dollars in the ether? The wonderful thing about centralized systems is that no one is ever held accountable.

The Wild West nature of Web3 e-learning has some very real, serious concerns regarding intellectual property. How else are creators supposed to be protected when anyone can copy, mint and redistribute content on the blockchain for free? What are the ethical implications of using these decentralized systems to collect and store student data?

While BERative’s example is inspiring, it is intriguing and concerning. This leads to the question of who gets to decide what changes are acceptable when smart contracts do give users the ability to change the system. How are conflicts resolved? Without strong, transparent governance frameworks to accompany it, decentralization can quickly turn into anarchy.

Reinforcing The Existing Power Structures?

Here's a thought that keeps me up at night: what if Web3 e-learning, instead of democratizing education, actually exacerbates existing inequalities?

Think about it. And who’s least likely to participate in and benefit from this new ecosystem. Those who already possess these technologies, capital, and social networks. People who are already privileged.

Web3 provides the tools and infrastructure to create a more equitable future that will empower every learner, connect every institution, and serve the broader interests of the society. We need to use big caution about how it’s implemented. If we don’t, we’ll create a system that exacerbates the inequities it seeks to address. We hope we don’t allow the shiny new promise of “decentralization” to blind us to the risks of abuse and exploitation. This isn’t only an education issue though, this is a social justice issue.

The future potential of educational institutions coming together as decentralized coalitions is very exciting. History has taught us that sometimes the greatest intentions can be derailed by those with vested interests. We need to continue monitoring and pushing to make sure these coalitions are truly representative. We need to get earnest with them about their real pledge to democratizing access to education, not just growing their profit margins.

Web3 e-learning can be a powerful equalizer. We just need to be very, very skeptical. Let’s pledge to ourselves to prioritize equity and to be willing to confront the tough questions that make us uncomfortable. Otherwise, it will remain a dirty secret: a technology that promises democratization but delivers something far less equitable.