The domain of startups based on the Blockchain is oversaturated. Many promising projects are trying to find a place to offer their innovative products and services, but with such fierce competition, standing out in the market is hard to achieve.
Startups that die prematurely do not always do so because they lose to more mature or more experienced competitors - this is often simply because of the number of startups in the industry. For example, the financial sphere and banking has already found many types of Blockchain implementations, which means that newcomers are less likely to offer something that is truly vital and necessary.
The blockchain at the service of education
Nevertheless, some industries may be considered "slow adopters" that should not be disrupted by the Blockchain in the short term. One of them is the education sector . It is unlikely that many institutions within the system will adapt to technologies, being bogged down in their old traditions, resulting in massive duplication of content and little sharing.It is safe to say that now is the best time for Blockchain-powered projects to enter the market and, in fact, some institutions within the system have already implemented solutions using this technology. . For example, the Holberton School in San Francisco, which offers project-based education, uses Blockchain technology to create and store issued certificates.. Other applications of the technology have already been found in the simplification of payment systems. Universities like the University of Nicosia, Simon Fraser University (BC), King's College (New York) and FPT University (Vietnam) have already begun accepting cryptocurrency for tuition fees.
Create a new educational model
Tutellus, an experienced player in the online education market, has also joined the Blockchain Projects Club. Tutellus soon unveil an improved platform, based on the Blockchain and smart-contract ( intelligent contracts ), which offers to all participants (students, teachers and businesses) access to all kinds of services.
" Our goal is to create a new educational model that responds to market challenges: to train and identify the most committed students, to increase the involvement of the best teachers, and to strongly link an educational community - the student body and the faculty - with labor market , "says Miguel Caballero, CEO of Tutellus, Miguel Caballero.According to Research & Markets, the online education market is expected to grow at a compound annual growth rate of about 7.0% over the next decade and reach a market capitalization of about $ 331 billion by 2025. Miguel says the following:
"We conducted a comprehensive study of our target market, and we can confidently say that Tutellus is ready to keep up with the ever-increasing demand. We will lead the next revolution in education by removing institutional and financial barriers, encouraging students to continue their studies and paying teachers for their pupils ' results. "Tutellus solves the problem of student loyalty and teacher motivation through a new incentive system . It allows all users to be rewarded directly based on the value they bring to the community . In plain language - Tutellus pays students for learning ( proof of learning ) and pays teachers based on their impact on the success of their students ( proof of teaching ).
The chips of the ecosystem: TUT & STUT
The Tutellus ecosystem provides two types of tokens for its users: TUT and Smart TUT (STUT). The first, TUT token, is designed for customers to purchase services and video lessons on the platform. Student relevance and evaluation will be measured using STUT (Smart TUT) tokens.After associating with Cryptonomos Tutellus will launch its initial offer of tokens (ICO) in late May 2018. A pre-sale of TUT tokens began May 10th. During this period, Tutellus offers users a 20% bonus, and the minimum purchase amount is 5 ETH.
The public token sale begins on June 12, 2018 and remains open until July 12 or until the $ 40 million limit is reached. During the ICO, participants can purchase TUT tokens using ETH, BTC, XEM, LTC, BCH, ZCASH or DASH. The exchange rate established is 1 ETH = 15,000UTU. Participants are allowed to contribute at least 0.05 ETH. Tutellus offers special bonuses of up to 10% for early investors. Purchases of 100 ETH or more, either before the ICO or during the main sale, will be processed one by one, with a bonus discussed individually with each buyer.
Tutellus plans to allocate funds to product and engineering (40%), sales and marketing (20%), advertising and public relations (20%), operations (10%), security, fidelity and reserves (10%).
To participate in the Tutellus ICO, visit the Tutellus website dedicated to the project and follow the Know Your Client (KYC) procedure to access the whitelist.
What do you think of the incentive system to improve the quality of education? Tell us in the comments section.