How Cryptocurrency Will Change the Education Market for Good

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The cryptocurrency boom has already affected the economic landscape and soon, will affect many other essential domains such as real estate, healthcare, and education.

Blockchain is a revolutionary system that can potentially change the way we communicate, interact, transact, pay our taxes and much more. It is the new digital breakthrough that offers amazing benefits such as privacy, transparency, decentralization, and automation.

Blockchain and Education

When it comes to education, the new blockchain algorithms represent huge opportunities in learning for millennials and Gen Z individuals who are already heavily adapted to a digital world.

Nowadays, plenty of universities allow cryptocurrency payments (mainly Bitcoin).

Online education platforms are leveraging blockchain technology to adapt to what students consider interactive learning. The same platforms are connecting teachers, students, and tutors, allowing them to participate in a crypto economy that facilitates better learning alongside certifications.

The students’ needs are prioritized, while their spirits are challenged by a competitive token system. Learn well and earn great opportunities, do very well, and you may turn your knowledge into financial freedom.

An aspect which is not frequently discussed is the effective possibility of storing student’s data and information through simple blockchain applications. This data can be leveraged by educators and teachers to identify the PROs and CONs of their implementations, decisions, and actions. It serves as an excellent feedback tool that can change the efficiency of data analysis.

Lastly, blockchain helps to prevent fake certifications and titles from being left unseen. Blockchain’s main purpose is to offer transparency and privacy to the users. Educational crypto platforms that are decentralized represent the most palpable way of detecting fraud and forgery.

Blockchain-Based Educational Companies

Let’s have a close look at some of the most prominent cryptocurrency and blockchain companies in the educational sector.

AC3

AC3 is a crypto platform designed for content creators and educators. The platform is designed to help the product owners develop, distribute, and protect exclusive educational material. The target audience is students and brand followers who have a desire to learn and are able to pay for the products and services with cryptocurrency.

The value proposition of this blockchain-based company includes improved security, better and simpler payments, fewer ads, and the prioritization of high-quality content.

The AC3 wallet works on Windows, iOS, and Linux. You can already buy tokens from crypto exchanges like CoinMarketCap, Cryptopia, or World Coin Index

Knowledge.io

Knowledge.io is a company that seeks to revolutionize the way knowledge sharing and acquisition works. The company is backed by many experts in various fields — trainers, educators, assessors, and academicians, scientists, marketing, and IT personnel.

The basic principle behind this blockchain-based movement is quite simple to understand. The system rewards users for the knowledge they make public. It uses data to determine and assign a specific “Knowledge Score”, that users will gain once they simply share useful knowledge.

Advertisers can also use the tokens to promote their products and services to an audience of highly targeted learners. Lastly, the tokens can be used to gain various college tuitions and other life improvement experiences.

EduCoin

Here’s a worldwide educational blockchain-based platform that supports the development and distribution of educational material, all through EDU cryptocurrency transactions. This move is especially great for both peer-to-peer and overall online education.

I haven’t mentioned the best part yet. The platform will use AI technology to personalize the needs of the customers and match them intelligently with specific tutors.

If you’re particularly interested in EduCoin, you can already get quality custom assignment help from various companies using this coin. This is just one of the first signs of innovative academic platforms that are already integrating cryptocurrency in their operational systems.

ODEM Tokens

ODEM seeks to unite students, teachers, and high-class educators through an on-demand Etherum-based educational marketplace. Its main purpose is to cut the role of the intermediaries and design a productive environment in which both educators and students can interact, communicate, and transact in the most efficient manner.

It serves as a platform where students can browse and explore new educational material. At the same time, product developers and educational companies can build profiles and market their products.

The AI algorithms will facilitate a flawless experience, dealing with complicated requests, payments, and data storage.

Students will be able to create private and public profiles, search for 1-on-1 educational opportunities or search for lectures, courses, and web-seminars. When educators create content, they earn tokens as loyalties. The more courses they teach, the more money they make of course.

Very soon, teachers will have the alternative of becoming personal brands rather than employees in public institutions. This, in turn, will generate more educational topics of discussion, diversified teachings, and a lot of contradictions!

Takeaways

We’re experiencing the silence that’s present before the storm. The cryptocurrency industry is in full development, as all the giant corporations such as the Industrial and Commercial Bank of China, Google, JPMorgan Chase, and the Bank of America are publicly exploring the blockchain algorithms while spending hundreds of thousands of dollars on testing and implementing innovative features.

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