Technology has impacted every field of life, and Education sector is no exception. It has seen seismic changes off-late. The traditional classroom teaching-learning process involved teachers and students using the black-board approach. But, the past years have seen a change in dynamics of this process. Technology has crept in and has profoundly changed it for better. On one hand, when traditional classrooms had teachers, students and books as players, the current classroom has teachers, students, robots, e-books, laptops and books as the players. Today’s classrooms have enabled the teaching-learning process cross boundaries in the form of e-lectures and tutorials. Massive amount of Information is readily available for the process. Also, a shift from “Teacher-centric” to “Student Centric” can be seen in the current scenario. Several technologies have been key-players in revolutionizing the education sector, but the focus of this paper is concentrated in exploiting the applications of Blockchain and IoT in the sector and identifying the areas where they prove to be beneficial. An extensive literature survey shall be done to understand, and identify how these technologies are a solution to major educational problems. The teaching learning process needs to be understood with respect to various parameters: change in process, change in players, change in outcomes derived, and others. The associated challenges shall also be identified. A detailed analysis of these enables us to conclude that these technologies, can revolutionize the education sector for better in future, particularly Blockchain is young, but, owing to the benefits derived from it, further research and adoption shall for surely change the teaching-learning process.