Blockchain has been receiving considerable attention from a score of industries and audiences due to its promises of immutable, decentralized, and verifiable data management. Despite these characteristics offering a substantial draw for both academia and other industries, it is the social benefits of a trustless system enabling seamless peer-to-peer interaction within a decentralized network, that academic institutions have latched onto. Is there a need for blockchain adoption within universities?

Payments, Funding, and Smart Contracts

One of the more thought-provoking and potentially transformative effects within academic eco-systems resides within the money transfer system. Scientists and researchers spend a great deal of time writing time-consuming grant applications, reports, and paperwork, with the intent to receive funding. Similarly, students will work tirelessly repurposing the same narratives for scholarship and grant applications. Additionally, the US government has recently reduced funding in the sciences, in the hopes that other firms and private foundations will pick up the slack. How could blockchain remediate these issues?

Automating fund disbursement could reduce overhead costs and bring new efficiency to accounting processes within academic institutions, resulting in a more manageable paper trail and lower fees. With the implementation of smart contracts, grant money could be delivered when predetermined conditions are met, streamlining the funding process. An example of successful integration can be found in the public sector at the .In this article I will discuss a project which is specifically for education payments, for that just...

What is Edgecoin?

In more detail, Edgecoin (https://www.edgecoinpay.com/) is the world’s first educational currency that provides an open payment system for an educational institution where people can make secure, fast and reliable education-related transactions through a decentralized, stable and reliable application that will work at the speed of the Internet while making full use of the educational infrastructure.

How does it work?

Edgecoin will work through a mobile application that must be downloaded to then register and become part of the ecosystem. In order to participate, customers will have to pass a KYC that will give greater security and reliability to the platform.
Once the KYC is passed, users will be able to buy/sell Edgecoins through the application and from any Stellar (XLM) address, the network where the platform’s own transactions will be determined.
Finally, the purchased Edgecoins can be used in a smart way to push payments to the limit.

List of Benefits

Instant transactions
Reduced costs
The world’s first stable educational currency
Apply Gradecoin automatically while holding Edgecoin
Global and secure system

Staking Pool with Gradecoin

The user will have to connect his wallet through Metamask. Then choose the tokens he/she will want to deposit within the Edgecoin platform and thus be able to start trading. Once the coins are obtained (which will be called W-Edge), users will be able to staking with the imported tokens and be rewarded with Gradecoins automatically. The current major benefits of the staking pool within Edgecoin is that it is a very new project that is not yet listed on exchanges, but you can be rewarded for participating in its pool. In addition, as there is not much participation yet, the reward % is high, around 34% of Gradecoin.

Tokenomics

Edgecoin (EDGT) has a native token called Gradecoin (GRTC) that allows the settlement of intermediary currencies between assets and is based on the Stellar network protocol. Gradecoin is the fuel token for performing resource control of the Edgecoin network.
Name: Edgecoin
Abbreviation: EDGT
Token type: Stable coin
EDGT Value: 1 USD
Supply: 10,000,000,000,000 EDGT

Information:

Website: https://www.edgecoinpay.com/
Telegram: https://t.me/Edgecoin_chat
Twitter: https://twitter.com/edgecoinpay
Facebook: https://www.facebook.com/edgecoinpay
Instagram: https://www.instagram.com/edgecoinpay/
YouTube: https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g

Author

Forum Username: Core2ext
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2645250
ETH Wallet Address: 0x35FDe788c0972C600F845e6B827BA5d8a0bB5b5a