According to statistical data collected by the UN, there are over 3.16 billion internet users in the world today. Out of this number, it has been found that a majority of these users lie within the 14-28 age region. Even with such high internet usage rates, there is a severe “lack of quality education” within many countries today.
With the increasing fees of many private universities, it is becoming increasingly harder for many individuals to gain access to to quality education.
About Open Source University EDU
In its basic sense, Open Source University EDU can be thought of as an “Academic and Career Development Ledger” that has been designed to empower the world's youth. It consists of 3 core components, namely:
This module will serve as the company’s “Open Source University blockchain”, and will be used to distribute database information between network participants. In addition to information sharing, L2B will also be used to store vital user information such as
- Learner certifications
- Acquired skills.
Not only that, L2B will also employ the use of a “matching algorithm” that has been designed to handle voluminous data calculations. Through the use of these processes, the platform is able to help connect businesses with the right candidates, thereby optimising the entire recruitment process and minimizing overall costs, time involved etc.
This blockchain has been designed particularly to allow learners to store all of their degree credits safely. Through the use of this blockchain, users are able to choose their career paths wisely.
In addition to this, L2A also makes use of “specialised suggestion algorithms” that have been designed using live data business needs, so as to allow for faster placements to occur. Lastly, L2A also allows makes use of “skill demand projections” and a fast track education model so as to help students succeed in getting the best jobs possible.
This module has been designed to help allow “businesses to access new graduates “ within the learning and development marketplace. Through the use of B2A, companies are able to make use of ‘learning content providers’, as well as filter out people on the basis of specific discipline needs and academic ratings (both of whom are stored within the blockchain).
Lastly, all of the payments that occur within the network are managed via the use of smart contracts, thereby completely eliminating the need of middlemen and other third party services such as banks.
What Are The Benefits Of Open Source University EDU?
Though the use of this platform, business owners will be able to directly approach prospective candidates without having to make use of job boards and advertising websites.
Since all of the transactions taking place within the platform are viewable by all blockchain members, the need for middle men is completely eliminated. As a direct result of this, the recruitment process is streamlined (thereby reducing financial costs/ time and increasing expertise accuracy).
Though the use of EDU, academics will be able to scale their target audience ratios, thereby gaining an advantage over their contemporaries.
One of the core benefits of this platform is that all of its users will be able to access high quality education in a completely hassle free manner.
Open Source University EDU Token Details
The entire ecosystem will run through the use of EDU tokens, that will be sold via the use of two seperate sale rounds. The pre-ICO is currently underway, and will make a total of 4,800,000 EDU tokens available to customers. During the presale, the price of the tokens will be maintained as follows
- The first 2,601,600 tokens will be sold at a rate of: 1ETH = 1350 EDU.
- The remaining 2,198,400 tokens will be sold at 1ETH = 1200 EDU.
Distribution of Tokens
As per the official company whitepaper, the allocation of tokens will take place as follows:
- 4,800,000 will be made available during the presale.
- 30,000,00 tokens will be released during the general crowdsale.
- 8,400,000 tokens will be used to power the Open Source University.
- 3,840,000 tokens have been reserved for use by company advisors, team members.
- The remaining 960,000 tokens will be used for the creation of a bounty.
Allocation of Funds
- 50% of all raised revenue will be used for the development of the platform.
- 20% will be used for business and admin purposes.
- 15% of the money will be used to market and advertise EDU across the globe.
- 10% will be used for regulatory and tax related purposes.
- The remaining 5% will be used to create a contingency fund incase of an emergency.
Who Is Behind Open Source University EDU?
EDU is the brainchild of Hristian Daskalov, who serves as the company’s CEO. In addition to his digital work profile, he is also the author of the book “Stakeholder Management in Higher Education, Research & Innovation”. In terms of his past work experience, Hristian has served as:
- Secretary General of the National students’ assembly in Bulgaria.
- PhD student at Sofia, Brno, and Riga Technical Universities
- Policy expert at the Brain Workshop Institute (within the area of innovation)
- Consultant to the Ministry of Economy (Bulgaria).
Similarly, Jordan Jambazov serves as the company’s Lead Software developer with over a decade worth of experience in the IT domain. In addition to his role at Open Source University EDU, Jordan has also co-founded another consultation company called IO Era. Lastly, Dobromir Kovachev is the company’s Blockchain Developer. He has over 10 years of experience in the software dev area, and has previously worked for high profile clients such as:
- Belene NPP
- NABUCCO pipeline.
For any further details in regards to this platform, users can get in touch with company personnel either via email, or through the live chat option on the homepage.