Open Source University is focused on connecting academia, businesses, and students. The platform uses the power of the blockchain to record all data, and uses smart contracts in order to assist businesses in offering courses to those wishing to learn new skills.
The learning and recruitment platform of the OS University resolves all the major difficulties existing in the traditional system of education and achieves this while reducing fees for learners.
Open Source University has tokenized the entire structure of education through the use of its EDU tokens. These EDU tokens will be used to provide assured liquidity for the fair operation of the network. Moreover, these tokens create equitable opportunities for all the participants who are making use of its interconnecting components. The EDU coins can also be used to purchases courses at a reduced rate in comparison to using fiat currency or competing cryptocurrencies.
These tokens have certain restrictions such as the owner cannot exercise any voting rights. Furthermore, the holder of these tokens cannot take part in any sort of revenue sharing activity. Neither these EDU tokens provide any buy-back facility. Another rule associated with these tokens is that the holders of these tokens are not entitled to any dividend.
It has 3 different kinds of smart contracts, i.e., learners to business, business to academia, and learners to academia. As per the L2B smart contract, the network of Blockchain stores all the skills acquired by the students. It helps organizations to find the right type of candidate by making use of a matching algorithm and big data in a precise and cost-effective manner.
As per the business to academia smart contract, businesspersons can approach the upcoming marketplace for learning as well as development that is filtered and rated. After that, it is stored back in the blockchain. Payments are handled by the smart contracts, which do not involve administrative commissions charged by the third parties.
The third model of the smart contract is learners to academia. This model is responsible for secure storage of degree credits on the network of Blockchain. Moreover, it provides course suggestion algorithm that is based on the existing needs of businesses and enables learners to move towards a targeted and dynamic path of learning.
The Open Source University is a triple solution offered by the technology of Blockchain that offers benefits to its three different users, namely students, business owners, and academies. As nowadays, the revolution of Blockchain is exercising control over the market, this platform can change the civil society.
The Open Source university makes a constructive and positive use of the Blockchain technology with the help of its EDU tokens. If you are interested to know more about the OS University, then read its whitepaper.