Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Education Loans Are a Thing of the Past With Tutellus’ Innovative Study Approach

Geplaatst op juni 1, 2018 door Blockchain News

Over the last thousand years, evolution and change have been the only constants, with several ideologies, technologies, and philosophies getting updated and redacted with time. However, an integral part of a person’s life has remained the most unchanged over the years – education – which has only witnessed changes in study material, never in the process itself.

Earn as You Learn

Challenging the status quo is Tutellus, which aims to revolutionize the outdated education system by introducing a new paradigm in the teacher-student relationship, by creating a decentralized, earn-as-you-learn knowledge environment.

Founded in May 2013 and based in Spain, Tutellus is backed by years of working experience, alongside a large audience of one million users from 160 countries. Additionally, the company boasts a partnership with over 80 universities from across the globe which have contributed to the former’s 130,000 video-courses, a strong library of educational content.

Now, the firm is taking their prowess one step ahead, introducing a blockchain-based framework that can help both students and teachers earn money as they interact with each other, with an innovative protocol that remunerates teachers in proportion to the impact in the success of their students.

You can forget never-ending loan repayments and expensive college fees, as the Tutellus platform monetizes a student’s syllabus, and pays out to the learner as they progress.

Addressing Issues in the Current Education System

Tutellus’ ideals are firmly grounded in reality, as their core team has identified four main concerns in the current education system:

  1. People cannot earn money studying; they have to spend more instead.
  2. Students often lack motivation, so they often stop studying.
  3. Teachers cannot earn money depending on the value of the students that they generate, and are not fairly retributed for their efforts.
  4. There is a considerable gap between employment and education, with millions of jobs unfilled.

The online education market in 2016 was valued at $165 billion, with research suggesting an inefficiency in delivering quality content via online means to fully equip job-seekers. As it stands, the world produces over a billion jobs every year, yet 300 million recent graduates remain unemployed and in search of a job.

The Countermeasures and TUT Token

To counteract these issues in the traditional education system, Tutellus aims for the following:

  1. Creating an environment where students can earn money learning, without paying.
  2. Students gain the motivation to help others to learn.
  3. With the success of their students, teachers themselves get more value out of teaching.
  4. Companies can hire employees with a highly efficient matching process.

To facilitate these functions, the company’s native token, TUT, will serve as the platform’s primary currency.

Teachers and students can utilize TUT for purchasing services and products available on the platform, setting a governance model for the platform. Furthermore, the digital token itself is tradable with other fiat and virtual currencies and creates an open-ended ecosystem which facilitates learning as its primary objective.

Additionally, the platform will issue the untradable Smart TUT (STUT), which would support an innovative reward mechanism for high-achievers.

The STUT will be granted to users who contribute educational value to the platform and as a measure of the quality of their participation. It can be earned by completing tasks related to learning, or by helping other users to learn. Also, users with a high amount of STUT will be granted additional incomes regarding TUT, as an incentive for providing their expertise and time to the platform.

STUT versus TUT. Source: Tutellus

The platform is built on the NEM blockchain and utilizes the technology’s efficiency, speed, and scalability.

Salient Features of the Tutellus Platform

The platform relies on a four-layer architecture to ensure upkeep, immutability, and third-party support. Impressively, the decentralized application is multi-platform and will be launched for all major operating systems, i.e., Android, iOS, and web applications.

Additionally, the developers are working on providing open-source API to the network, and although this shall be partly available at launch, the roadmap suggests full availability by Q4 2018.

Four-layer Architecture. Source: Tutellus

Lastly, the underlying NEM blockchain shall store data records, user tokens and ratings, and educational content, in addition to any deployed smart contracts.

The project is currently in the pre-sale process, with the official token launch on June 12, 2018.

 

BTCManager does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as investment advice.

The post Education Loans Are a Thing of the Past With Tutellus’ Innovative Study Approach appeared first on BTCMANAGER.


Source: BTCManager.com
Original Post: Education Loans Are a Thing of the Past With Tutellus’ Innovative Study Approach

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Cetus offers $6M bounty after $220M hack as Sui faces decentralization debate
  • Crypto travelers bring 3x greater lifetime value than fiat users
  • Crypto.com secures EU license to launch crypto financial derivatives
  • Coinbase data leak could put users in physical danger: TechCrunch founder
  • Dubai regulator sets compliance deadline for updated crypto rules

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema