ODEM. UNLOCKING THE ACCESSIBILITY AND AFFORDABILITY TO HIGHER EDUCATION.
Education is a global industry. However, getting access to higher education has become increasingly unaffordable to most people over recent years. Matters become even worst when one tries to have access to higher education that is not within the confines of their native country. Tuition fees continues to increase exponentially as the years increases in number too. Rising tuition costs and disadvantages of geography also complicate the process. For students committed to lifelong learning, a lack of customizable options inhibits their ability to update their knowledge as their careers evolve. Additionally, access to the best educators is controlled and the cost inflated by the institutions who employ them. The emergence of online teaching systems has drawn attention to the limits of what students can get from the online education experience. Although online teaching may solve the educational desire of some people, social and geographical context is lost in the world of online education.
THE ODEM SOLUTION TO THIS PROBLEM
ODEM is a technology platform that will enable students to have the ability to make contact and have access to education as smoothly as possible. Using the power of blockchain technology and its smart contract-based payment platform, ODEM will enable students and professors to interact directly and participate in the exchange of education and learning, without the involvement of intermediaries. The goal of ODEM is to make quality education more accessible and affordable to a broader audience. ODEM and it’s secure, blockchain-based platform allows students to seamlessly interact with educators and to seize opportunities to access custom-designed courses and education programs. Students can use ODEM to search for curriculum that meets their needs.
The education industry faces many challenges which ODEM seeks to solve by providing the following;
- Access to both local and international onsite, and in-person educational experiences. While ODEM can provide any type of learning experience, the program emphasizes on-the-ground education at elite institutions around the globe.
- A single education community in which students, educators and service providers can communicate and participate directly in a secure environment.
- A more efficient way of sharing and understanding educational requirements, goals and details to meet the rapidly changing workforce and the globalization of students and educators
- A single, real-time system of negotiation, curriculum description and payments on an agreed-upon schedule.
- An integrated academic and curriculum schedule builder with details available to all participants to ensure development of educational programs that are clearly laid out and agreed upon by all parties.
- Capacity to perform back-and-forth language translation at all levels of education procurement to ensure that important nuances in program requests are not lost in translation.
ODEM TECHNOLOGY PLATFORM
The ODEM online platform is been created In direct response to the challenges faced by industry veteran and Excelorators that will provide for direct, transparent creation, negotiation and delivery of education programs that satisfy the changing needs of global students. The platform works in conjunction with an inclusive and decentralized payment system for secure transactions. The ODEM model will create an integrated platform where all types of students and student representatives can create and request services for education programs. Educators and educational service providers can receive requests for program fulfillment and delivery services all through a frictionless, smart contract.
Whether for a one-day lecture or a more extensive week-long training event, the ODEM platform connects students and educators with course offerings at any price point anywhere around the world. And with a growing community of users, ODEM platform will be the ideal way to buy or sell customized education and training courses at a cross border level. ODEM will be powered by a set of programs deployed on the Ethereum blockchain. Use of Ethereum will provide transparency and ease of payment. Users will login onto the platform, decide which services to purchase, and the record of such purchase is stored onto the blockchain. Functions and activities performed prior to purchase, like searching for or adding new curriculum will be handled by the off-chain platform.
Service fees will be generated by the creation and listing of education lectures, courses and content on the platform. These fees will be automatically calculated according to flexible supplier fee structures and added to the listing prices selected by educators when they publish educational content. Additionally, service providers suppliers have the ability to gain a share of these fees. Inside the ODEM platform, suppliers will be incentivized to join the platform through free initial tokens allocated from the ODEM Rewards token distributions. Once suppliers sign up and create profiles, they must adhere to the supplier fee structures. Initial reward structures will be based on three factors, which will transition as the platform develops. These factors include:
• Time of Adoption
ODEM platform participants will conduct all transactions using the ODEMT. Payments will occur through the exchange of tokens and will adhere to the smart contract terms and conditions. The token itself will be built on the Ethereum Token Standard, also known as ERC 20.
Token sale will occur in two phases
- Pre token sale — early adopter phase
This Pre Crowdsale stage will begin on December 10, 2017. In Pre-token sales, 58.2 million ODEMT will be issued at a discount rate of € 0.0375. This ODEMT will published at a 25 percent bonus rate. Please note the bonus tokens will only be accessible After completion token token and token generation event event has occurred. There is a minimum purchase requirement of 200,000 ODEMT, per user, in Pre-token sales stage.
- Sales Token
The primary token sale will begin tentatively on February 17, 2018 and will continue until March 19, 2018. A total of 180 million ODEMT will be issued. That the token will be issued at, or about € 0.05. Considering the fact that the ODEM platform can only perform optimally if the token is widely distributed, all users will be allowed maximum purchase of 250,000 ODEMT during the first hour of main token sale. After The maximum cap of 250,000 ODEMT will be lifted.
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