Odem is ready for decentralized education marketplace


In the present world scenario, the educational model around the world is a highly compartmentalised structure which restricts free access to knowledge for students. It is agreeable that solving hurdles is a part of learning and education but also, a global marketplace must be present which makes knowledge available to students. The competition in the education industry and the commodification of education has resulted in keen professors not being able to share the knowledge with the outside world because of the stringent nature of their home college or universities policies. Gaining admission into an ivy league or reputed school or educational institution is also becoming increasingly difficult because of the corruption of the system by influential legacies.
The rising tuition costs are also a big concern for students who are willing to learn throughout their life and adapt themselves as their professional careers progress. Moreover, the access of quality teachers is highly restricted by the organisations who employ them. These organisations also charge exorbitant prices for sessions with these faculties to maintain exclusivity. The need of the hour is to create a completely decentralized system of education which makes knowledge to be accessible to anyone and everyone around the globe.
Introduction
Utilizing the advantages of blockchain technology and the smart contract-based payment system embedded into this technology. Odem has made it possible for students and educators from around the globe to interact directly and actively participate in the transferring of knowledge and learnings, without the involvement of any external parties. Students on this platform can also look for courses and education packs. These are custom designed for them along with curriculum that will satisfy the needs of the users' career preferences.
Key features of the Product
1.Education Supplier Service Fees
Service providers will be able to generate service fees by posting of educational lectures, knowledge course, training modules and other types of academic content onto the platform. These fees are computed as per a dynamic supplier fees structure and combined with the listing prices as picked out by the educators when they upload educational material. Moreover. Service providers and suppliers have the ability to earn a share of the fees.
2.Education Supplier Royalty Structuring
Inside the ODEM payment platform, both students and the educators have the opportunity of earning royalties based on the type of curriculum or content that they create or upload on to the platform.
Token and ICO details
The pre-token sale of Odem starts from December 10th 2017 and only 58.2 million ODEM tokens will be up for sale. The tokens sold in the pre-token sale will be issued at a discounted rate of 25%.
The main token sale will commence from February 17th
and extend till the 19th of March 2018. The total number of tokens in supply would be 180 million tokens and they will be issued at 0.05 Euros each. One interesting fact of this main token sale is that in the first hour of the sale an individual will be allowed to buy a maximum of only 2 million tokens. However, after that hour passes, that cap would be lifted
Final Verdict
With such a noble cause at hand, this is certain to bring massive changes in the educational system of the future. Free access to quality education would no longer be a dream. The issues that this particular blockchain addresses has massive implications on the existing structure of the educational industry and such drastic changes are normally incentivized by high rates of returns. So, ODEM brings forward that would be both a very lucrative opportunity and would also address a very noble social cause.
Website : https://odem.io/
Published By: Kishan748

Comments

Post a Comment

Popular posts from this blog

GAMBLICA: Play Big On the Decentralised Platform To Win Big

Image
Introduction Life is entertainment. The question is how you want to enjoy it. The modern trends in the entertainment and games have opened multiple avenues for the people to spend their income in the way they like. Gambling is rapidly rising in the online space beating the traditional market as most players are comfortable playing through their mobile. Despite the high rise in the gambling and betting industry, there are various key challenges in the industry which are not allowing the industry to reach its full potential. Hacked random number generator, Fraud Operator, block account of the jackpot winner, lack of personal data protection and Slow International payment are only a few of the many issues of the gambling industry. Do you think a solution can be found for the challenges associated with the industry? Solution Offered GAMBLICA is offering to build a transparent gambling platform for the players across the world. Running on decentralised smart contract system,
Read more

DEVELOPEO: Contribute to the Open source Platform and Get Rewards

Image
Introduction The world is rapidly changing and if we do not adapt to the changes then the only people left behind in the technology development will be us. Software has become the key component in every electronic device. People are worried about the jobs of tomorrow. Software professionals are making themselves up to date with the latest happenings in the industry. One of the core group which has influenced the technology development is the team of open source contributors. They have realised the true passion behind the work. Many people across the world contribute to the open source forums and website according to their interests. But, there are multiple challenges in the community which needs to solve before the further development can take place. Lack of funding in the open source software and rewarding the contributors in the community are the two of the most important issues. Developing world-class software requires talents who need to be paid for his/her contribution. Th
Read more

Decentralized Vehicle Rental Marketplace Based On the Blockchain Technology

Image
The future is sharing economy, where people are able to utilize the resources to its full potential. The cars, The Homes and the time are all part of sharing economy. In the World guided by the digital technologies, it is imperative to utilize the advantages of the technology in our favor. The market for private vehicle rental is estimated to reach 20 Billion dollars by 2020. The current challenges in the industry are difficult to be solved, such as enormous transaction fees on the platform and lack of diversity and choice. What do you think about the implementation of the blockchain technology in the rental market? Solution offered HIREGO is the decentralized marketplace for the private vehicle rentals. It provides users unlimited choice in a secure and trustless environment. Based on the Ethereum blockchain, directories of the vehicle registered on the platform are available to the users for their usage. Vehicle owners can add their vehicles to the platform. Payment on the
Read more