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

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