Bringing AI, Chatbot and Blockchain technologies to the realm of education. Seeking to advance the vision of Education-Inclusion and addressing the income/class divide by enabling equality of opportunities through education via disruptive technologies.
1a) Main Problem - Cumbersome, inefficient and opaque tertiary admission process (solved with a distributed ledger with one true source of student records, tamper free and accurate. Imagine a smooth process where applicants just have to provide a private unique hash via the college’s online form)
1b) Growing income/class divide as rich families can afford expensive private tuitions for the very same National examinations that lesser privileged households cannot afford (Solved by deploying our proprietary AI chatbot to deliver an affordable (1/10 to 1/20 price of existing private tuition) digital companion for effective revision)
1c) Students’ confusion as to what to do after secondary school, limited by options they don’t even know exist (solved by utilizing our chatbot to collect college admission data stored on blockchain and our backend Adaptive recommendation system to recommend best global university and courses of study to user)
Cryptoeconomics is interesting as the network incentive pool will be used to incentivize the participating institutions to help verify records submitted by students ensuring veracity and to incentivize community to assist in curating relevant curriculum content from all online sources to enrich upper secondary learning experiences. (Eg rewarded with tokens for submitting exam revision notes or curated YouTube videos or social media content relevant to requisite curriculum)
OPET Token Five Factor Analysis
The education industry is a large, evergreen market worth USD6 trillion, and growing at high single digit rates. Although the industry is severely under-digitalized at present (only 2% of the market is digitalized), we expect significant growth toward digitalization, fueled by overall education industry growth, as well as a large unmet demand for A) cost-efficient, intelligent education aids against today’s backdrop of rising education costs; and B) secure, tamper-proof systems for the management of confidential student data and information.