ODEM AG, a launchpad for ODEM.IO: the world’s first On-Demand Education Marketplace
This is a Switzerland-based company, and they are producing an on-demand education marketplace. As a professor at a university, I know how expensive formal education can be. This is not the fault of the universities, as they have to pay faculty salaries, pay for electricity, water, heating and other utilities, in addition to upkeep of flashy buildings and all other services students do not see. Most of them run research and that is the most expensive thing on the menu. Many students want to be lectured by a professor who runs his own research and thus, experienced in the matter, not just a memorizing parrot. However, this makes the access to education real hard.
Here is a video explaining what it is using cartoons:
In addition, once the student graduates from school, the world and its needs probably changes and the students need to keep learning new skills. This cannot be happening as the faculty is chained to the old world type schools and buildings. This new program is creating a marketplace where educators can freely market their teaching skills and their experience. The students can gain the experience based on their interests. This is similar to buying a whole CD (old school) versus buying individual songs from an app store, like the mp3 made for the music industry. Let's say a student wants to work on strategy games that involve history, like the age of empires or age of kings. He/she can take a relevant history class and take several programming classes relevant to writing gaming code. Then he can work as a freelancer for fiat money or for cryptocurrencies or assets. If you remove flashy buildings, intermediaries, admission fees and other things that belong to the old world, the education will be a heck a lot cheaper. This will spread education to more people and will make for a better world.
This system will be on the blockchain and will use smart contracts. This means that there can be no cheating, and everything will be recorded on an immutable public ledger. The system will use ODEM token to pay the faculty and the students will receive a certificate at the end of their education. Because the certificate will be added to the blockchain, there can be no faking in diplomas, and the professors can gain a reputation and visibility. The students can look at this and decide if they want to take a course from this specific professor. This will make the best professors in the world visible because it will be possible to choose from all professors in the world, as opposed to what you have locally. Ask any customer, and they will want the best, they want it now, and they want it for the lowest price. This type of “pay what you buy” and choose the best and the brightest from the World policy provides just that. It is not a vegetable or fruit you want to taste locally, it is a learning process!
Their team is great, made up of Harvard University Faculty, Hamburg University Faculty, and other very high quality scientists. Here is a link to the team:
https://odem.io/#team
For more information:
Website: https://odem.io/
Whitepaper: http://odem.io/docs/whitepaper/ODEM.IO-Whitepaper.pdf
Twitter: https://twitter.com/ODEM_IO
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