In keeping with Forbes, the schooling market at the moment possesses a web market pull of round US$four.6 – 6 trillion. Nonetheless, attributable to escalating tuition charges and growing pupil debt, the hole between faculty coaching and job necessities has been steadily growing over the previous decade or so.
ODEM, or On-Demand Schooling Market, is a blockchain-based distributed community that enables college college students to seamlessly work together with their professors and educational companions. By means of the creation of nuanced digital channels, ODEM makes it doable for customers to return collectively to lift the standard of accessible schooling at an inexpensive value.
Moreover, the ODEM platform permits certified and trusted people from throughout the worldwide schooling scene to create personalized curriculums that may assist college students achieve sensible information concerning the market at massive and permit them to realize hands-on expertise inside numerous industrial sectors. Not solely that, ODEM supplies college students with extra selections for housing, transportation, and different requirements, thereby permitting worldwide in addition to native college students to take possession of their educations.
Lastly, by the usage of its extremely interactive UI, ODEM is ready to facilitate reside, in-classroom experiences which might be supported by on-line modules. All inner transactions are facilitated by Ethereum-based good contracts which permit for full transparency in all dealings pertaining to college students and their professors.
Overview of the platform
- It helps regulate pupil charges and brings down the annual value of four-year and graduate schooling.
- It creates decentralized channels the place lecturers from various fields can come collectively and work together with each other.
- ODEM addresses the varied wants of scholars, educators and repair suppliers by utilizing blockchain expertise.
- It will increase transparency inside instructional establishments and helps scale back the price of increased schooling.
To start out off with, ODEM connects college students with numerous instructional hubs through a sensible contract-based cost platform. In consequence, educational students can work together straight with each other and take part within the trade of schooling and studying, with out the involvement of intermediaries.
Overview of the ODEM ecosystem
Additionally value mentioning is the truth that this service permits customers to entry custom-designed programs and academic applications that may assist them discover a curriculum that meets their specific wants.
Different key facets of ODEM embrace the next:
- Helps present streamlined instructional entry to each native and worldwide college students
- Establishes a uniform group through which college students and repair suppliers can talk with one another in a extremely safe surroundings
- Supplies community individuals with a extremely environment friendly pathway for sharing and understanding the main points wanted to satisfy the specs of the worldwide pupil workforce
- Creates a single, real-time system of negotiation, curriculum descriptions, and funds for schedules which have been agreed upon beforehand.
Technical overview of the native platform
Lastly, not like the tutorial mannequin utilized by on-line service suppliers reminiscent of Coursera and Khan Academy, the place all teacher-student interplay is maintained nearly, ODEM creates personalized in-person instructional applications that put together college students for real-world jobs and companies. In keeping with the official whitepaper, nearly all of ODEM’s present choices are onsite instructional experiences.
The way it works
ODEM’s customers can take part in a large number of instructional choices, whether or not they’re making use of for a single lecture or a extra intensive week-long coaching occasion. College students and educators around the globe even have the alternative to attach with each other at any worth level.
Visible illustration of how the system works
The ODEM platform serves as a method of shopping for or promoting personalized instructional and coaching programs throughout borders. That is achieved by deploying a set of applications which might be primarily based completely inside the Ethereum blockchain.
Because of blockchain expertise, ODEM delivers a excessive degree of transparency and ease of cost. All one has to do is log in to the platform after which determine which providers to buy. As soon as that is finished, a file of every particular person buy is saved on the blockchain.
Lastly, all features and actions carried out prior to buying, like looking for or including a brand new curriculum, is dealt with by an off-chain platform.
Concerning the undertaking
Contemplating the wealthy technological choices that ODEM has to supply, it may be helpful for the readers of this text to be taught extra concerning the individuals behind this undertaking.
Richard Maaghul is the CEO of this enterprise. He has been within the startup area for over twenty years and has been concerned with numerous rising/disruptive applied sciences previously. Along with co-founding ODEM.IO, Wealthy has been concerned with Chevron Company as an govt.
William Bayrd II is the COO of this undertaking. In keeping with his LinkedIn profile, Invoice is the founding father of three firms, together with big-name institutions reminiscent of Excelorators Inc. Invoice possesses a D.Pharma from the College of Tennessee Well being Science Middle.
Lastly, Michael Zargham is the Chief Backend Engineer for ODEM. He holds a Ph.D in Programs Engineering with a specialization in decentralized programs. Additionally value mentioning is the truth that Michael possesses greater than a decade’s value of expertise in domains reminiscent of digital programs and disruptive expertise. Michael can be the founding father of BlockScience, a agency concentrating on making use of rigor to the design of sociotechnical community programs that purpose to assist construct transformative merchandise on the blockchain.
Since ODEM tokens have solely been on the crypto marketplace for just a little over every week, it’s tough to evaluate their future market potential.
ODEM lifetime token efficiency (courtesy of CoinMarketCap)
Launched into the market at a base price of round US$zero.057, the forex has remained pretty steady in worth over the course of the previous few days. As of April 17, the value of a single ODEM token stands at a good $zero.096.
ODEM’s technological choices have the potential to utterly redefine the way in which through which schooling is delivered to college students all throughout the globe. That is finished by streamlining the way in which through which providers are delivered inside this sector in addition to by decreasing schooling charges by a good margin.
As a consequence of the aforementioned options, it will not be shocking to see ODEM fare extraordinarily properly inside the crypto market this yr.
If you want to begin investing on this service, ODEM buying and selling pairs are at the moment being exchanged through on-line platforms reminiscent of Ethfinex.