Edgecoin - The Future Of Education Built On Blockchain

 

Edgecoin - The Future Of Education Built On Blockchain

ABSTRACT

With the globalization and the rising popularity of e-learning and self-education all around the globe, employees and employers are facing problems as translations, different kind of degrees and much more. Future education will face major issues that can easily solved by implementing the blockchain. Being not only a safe, but also a fast and cost-efficient way to store data such as college degrees, e-learning courses and more, the blockchain has the chance to disrupt education. Expensive translations that need to be verified by notaries are no longer necessary while possible frauds that occurred before can be completely prevented.

Blockchain education will also be the safest way to store personal data that can only be accessed by the owner and seen by whoever the owner chooses. By combining colleges, e-learning platforms, public and private schools, academies and universities into one simple key or QR-code applying for jobs or looking for the perfect employee becomes truly borderless, extremely fast and totally secure. Edgecoin is building the missing piece to finally hack education and completely disrupt the academic world like the internet changed our daily lives in the last two decades. Not only students looking for jobs or universities will profit from this, but also companies or colleges looking for qualified personnel.

Edgecoin will start this dramatic change with e-learning platforms, that are getting more popular by the day all around the globe. The ever-growing, multibillion dollar industry is a main factor that people finish academic courses next to their job, learn new languages, coding and much more. While the courses get more advanced in time, the payments and the degrees unfortunately do not change.

All popular platforms around the globe accept fiat (USD, EUR, KRW, CNY, …) as the only payment solution. Bitcoin and the blockchain itself already showed that classic currencies are flawed and limited. By bringing cryptocurrencies and the blockchain to the world of e-learning, Edge (subsequent: Edge, Edgecoin or EST), an ERC20 Token, aims to build a bridge between those two ever growing markets.

VISION – FOR STARTERS

The vision is the groundbreaking disruption of the old education industry and all of its branches. The following points are initial use cases which Edgecoin can provide right after the mercury phase.

  1. Users pay with Edgecoins on every major e-learning platform for courses and other content they have passed or consumed.
  2. Users obtain valid, encrypted and unique certificates via Edgecoins smart contracts in just one process.
  3. Students can see and manage their academic development or the whole career in their Edgecoin based smart contract (online and/or stored on a secure device) that was provided by their university at the beginning of their studies.
  4. Institutions can get rid of their old and heavy documented certification process by having it all digitalized, organized, governed and issued by the Edgecoin technology.

PROBLEMS IN EDUCATION TODAY

While e-learning becomes more and more popular, the certification remains an issue as there is no guideline that is accepted by all companies, countries and institutions. Finishing a course on a platform currently gives you a certificate for said topic, but does not provide any value outside the website. Missing translations, varying topics and many other issues play a huge factor in this. Especially in aspects that do not need a specific language, this remains an ongoing issue. Coding, graphic designs and many more jobs in the world wide web do not rely on a specific language and are therefore internationally usable. Not having the right certification to show said skills will result skilled but jobless people that have all the right tools to push companies further.

EDGECOIN - OUR SOLUTIONS

By bringing education on the blockchain, we aim to erase all the outlaid issues in the chapter before. With Edgecoin and the advanced smart-contract-technology behind it you can save your CV in a code that will be accepted worldwide. Finishing a course now at any partner website will be stored as a smart contract within the blockchain, so you can apply for any job with just a public key of your smart contract or the same stored on a plug and play ready hardware wallet or smartcard. The company you are applying for will see exactly what you have done in online courses, which eliminates all misunderstandings. This will benefit in better jobs for you and more suitable employees for the company.

INITAL TOKEN DISTRIBUTION

TEAM POOL: 15%

Fifteen percent of tokens will be held by the developers and founders of Edgecoin. These tokens will be held in escrow and released to founders after the Beta release of the Edgecoin Smart Services.

INCENTIVE POOL: 35%

Thirty-five percent of the total Edgecoins funds will go towards our first-year user-acquisition initiative. This initiative is aimed at universities, colleges and e-learning platforms. We estimate this user-acquisition initiative will help to boost the popularity and frequency of using Edgecoin as the primarily used token for storage of academic records worldwide.

TOKEN SALE: 50%

Fifty percent of coins will be directly sold to investors during several fundraisers starting from November 2017 until the end of 2018. Once the hidden hard cap of fifty percent coins is reached, no more coins will be for sale, and no more will ever be created.

INTENDED USE OF REVENUE

Roadmap

Our Team

Advisors

Conclusion

E-learning in itself is growing faster than ever with rates of over 50% in important countries such as China and India, with the first also being heavily involved in building blockchains and pushing cryptocurrencies to a variety of different markets.

While the world becomes more and more international and the internet erased boundaries between countries and states, the language differences remain. In the important aspect of education this results in a struggle like pointed out before that Edgecoin will solve.

In the end, it is our goal to build worldwide standards that are accepted by universities and colleges around the globe. We will start by pushing the Edgecoin to the biggest e-learning platforms but will not stop there, as we aim to bring Edgecoin to schools all over the planet and replace the traditional grading system that has to be changed.

FOR MORE INFORMATION: 

#Edgecoinpay #cryptocurrency #blockchain #decentralization.


AUTHOR

Bitcointalk Username: jamaah45

Telegram Username: @jamaah

Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2502762

ETH Wallet Address: 0x7A5df2D8D32b8f8e4FC6BF71D2BDfe69992D1C1B


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