with ODEM you can take education at Top World University
Powering Higher Education in the Real World using the Blockchain
Improving accessibility means addressing the challenges that students face in acquiring a great education. We recognize that overcoming obstacles is an important part of growing up. However, we also believe that creating a global marketplace can assist students in accessing many education options, customizing course selections, and managing the acquisition of student accommodation and transportation.
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. Our goal is to make quality education more accessible and affordable to a broader audience
The ODEM Difference
ODEM is not an online education platform. To address the inherent weaknesses of online learning, we combine a real-world classroom learning experience with the agility and flexibility of the best parts of online education.
Kevin Carey, author of The End of College: Creating the Future of Learning and the University of Everywhere, imagines a world in which the rigid four-year-degree model of post-secondary schooling and its associated student-debt burden fade into the past. He foresees a time when higher education becomes an affordable, lifelong process of intellectual and practical enrichment shaped by an individual’s professional and personal aspirations.
Major international publications like Forbes magazine, The Washington Post and The Economist have deemed the $4.6 trillion-to-$6 trillion global education market ripe for technological disruption. Our analysis suggests higher education is vulnerable because of escalating tuition costs and student debt burdens, the unjustified amount of time required to earn a degree and a mismatch between college training and job skills demanded by employers.
After assessing higher learning’s weaknesses, our team concluded a solution lies in an On-Demand Education Marketplace, or what we call ODEM. The platform is a single, accessible, and distributed network that allows students to seamlessly interact with professors and their academic partners in-person, onsite, in both local and international settings to raise the quality of accessible education at reasonable cost.
Stories from Two Students
Daniel is nearing the end of a four-year degree program at a U.S. college. He’s studied diligently and is excited to embark on his working life. However, as graduation approaches he faces the prospect of monthly payments on his student loans. While his parents tapped their retirement savings to defray the cost of his education, it will probably take Daniel decades to pay off his debt. Daniel’s high-cost college education may not have prepared him for meaningful employment. Chances are he will struggle to find fulfilling work right away, ending up in a low-paying job that hampers his ability to repay his loans.
Mei Lin was just 20 years old when she first traveled to America from her native Taiwan. Curious and excited during her brief trip, she returned home determined to live and study in the U.S. She describes that decision as life changing. While Mei Lin did eventually attend US community college and study technology, it was only after overcoming many challenges and hurdles. Her inability to speak English fluently complicated everything from grocery shopping to finding an apartment. She flourished, but only thanks to the personal contact she had with professors, teaching assistants, classmates and friends. Mei Lin completed her education and now works in her area of specialization.
These are not separate instances, but the story of Daniel and Mei is shared by millions of students based globally. The ODEM platform unifies the diverse needs of students, educators and service providers by using leading-edge blockchain technology to improve transparency and efficiency, reducing cost and making education accessible to all.
ODEM Financial Ecosystem
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.
The ODEM Payment Gateway
As illustrated in Figure 1, ODEMT must be the medium of exchange to purchase program products and services on the ODEM platform.
The Digital Wallet
A digital wallet is an online or mobile account in which users can store all payment information for ODEMT. Wallets will be integrated on the ODEM platform for educators, students and other service providers.
ODEM Token Sale
Proceeds from the token distribution event will be used to fund the ODEM platform development, operations, legal establishment and marketing. The ODEMT will be the native currency used for functioning and operating on the ODEM platform. In short, the main and only purpose of the token is for the use of the utility services available on ODEM platform. ODEM SA does not make any claims about the use of ODEMT for any other purposes. Kindly note that any information mentioned in this chapter may change without notice before the launch of the main crowdsale.
The ODEM token sale will happen in two phases
1. Pre token sale — early adopter phase
The Pre Crowdsale phase will start on December 10th, 2017. In the Pre-token sale, 58,200,000 ODEMT will be issued at a discounted rate of €0.0375. These ODEMT will be issued at a 25 percent bonus rate. Kindly note the bonus tokens will only be accessible after completion of the main token sale and token generation event has occurred. There is a minimum purchase requirement of 200,000 ODEMT, per user, in the Pre-token sale phase.
2. Token Sale
The main token sale will commence tentatively on February 17th, 2018 and will continue until March 19th, 2018. A total of 180 million ODEMT will be issued in this phase. The tokens will be issued at, or around €0.05. Considering the fact that the ODEM platform can only perform optimally if the tokens are widely distributed, a user will be allowed to buy a maximum of 250,000 ODEMT during the first hour of the main token sale. After that, a maximum cap of 250,000 ODEMT will be lifted.