Conceptualizing Education Platform on Blockchain
Education & Technology
Platform Conceptualization on Blockchain, Smart contract development, Initial Coin Offering, Tokenization and Tokenomics research, Whitepaper Creation
To Create an Edu-Tech ecosystem on Blockchain Platform as a secure, uniform tool to measure academic progress across the educational outlets of various educational institutions across the geography.
Client reached out to us with the concept in his mind to create a community that promotes education by using state of the art technology and improves access to quality education. The goal is unity among the many links in the educational value chain, including students, teachers, academic institutions, government officials, etc.
Blockchain as a platform can transform the traditional record storage of students’ academic records over the distributed network. As the data is stored on the distributed system it is secure and more transparent. Further the vision was to create a global marketplace of specialized courses curated by expert software developers and medical doctors to empower students especially those who contend with neurological disorders such as Attention Deficit Hyperactivity Disorder (ADHD) and Asperger Syndrome . Tokens can be used to pay for courses and offered as incentives for performance
Envisioning a New System
The project was based on a completely novel idea. Conceptualization of an idea at every step is quiet a task, which requires understanding of blockchain technology mixed with business vision.
Creating a Token System
Tokens were to be used to pay for courses and offered as incentives for performance. It was a first for our team as well, and as such there were many inhouse approach challenges as well.
Facing a Challenge?
What We Did?
Our client had a very clear aim- to drive a community project to help children at school. The vision was to digitize the education eco-system on a Blockchain Platform. The eco-system would enable children, teachers, and other stakeholders to transact in real time without the need to spend too much effort in traceability.
They envisioned to create a global marketplace of specialized courses curated by expert software developers and medical doctors to empower students especially those who contend with neurological disorders such as Attention Deficit Hyperactivity Disorder (ADHD) and Asperger Syndrome.
Furthermore, the system had to be modelled for various actors in the current educational capability ecosystem, such as book sellers, schools, universities, teachers and students. The goal was to create a token and build a utility around it. A marketplace and admin panel was to be developed to streamline the entire process of creation and sale of the NFT. To mint an ERC-20 token, there were multiple steps such as smart contract development, internal auditing and development as well as the listing of the coin.
Our team was involved with the discovery phase of the project, which meant it was our job to conceptualize the informational architecture, technical architecture, product documentation, and initial wireframes and prototypes.
To begin the process, the first step was to sort the process of learner data tracking. There needed to be unity within the many links in the educational value chain, including students, teachers, academic institutions, and government officials. The envisioned platform would use blockchain as a secure, uniform tool to measure academic progress across the educational outlets of various educational institutions across the geography.
The next step was to actualize the digital certification of records. The client wanted smart contracts containing all of a student’s/candidate’s/employee’s educational history, qualifications, skills, certifications, and employment history. This would make the hiring process more objective and automated. It could be designed for hosting personal profiles that would reflect the academic and professional achievements of users.
Furthermore, the blockchain would allow students to demonstrate proof of learning and be paid for it. Conversely, the success of students would generate greater rewards for their educators, as proof of teaching would be tracked using blockchain tech in this peer-to-peer learning marketplace.
This decentralized education marketplace would allow any accredited academic to launch and teach courses that will advance users toward a degree. The platform could offer real-time online lessons, the completion of which would result in users’ skillsets being verifiably enhanced. Users could use that knowledge in turn to educate other users, earning tokens as they do so.
The discovery was completed well within time and the client was on a much steadier and levelled ground after the whole process. Our team created a website for the client to represent their idea in real time to all the interested parties. The whitepaper published was a huge success amongst the reviewers of the project as it detailed out the need, scope and possibilities of the project.