SINGAPORE, March 21, 2018 /PRNewswire/ -- The marriage between blockchain technology and education is an enviable fate, as social development is trending on a direction of resource sharing and open community collaboration. More and more high quality education resources are looking for an outlet to reach wider range of audience, and blockchain is the perfect answer to education industry's needs.
As the pioneer in the industry, ALGORBLOCK proposes an education resources sharing platform built on blockchain technology, aiming to bring "the end of school, the start of education", as the project slogan says. ALGORBLOCK set up this platform for solving long existing problem in education such as credibility verification, geographic restrictions, and disproportionate income distribution between institutions and educators. ALGORBLOCK provides a platform where education institutions, education content creators and talents can freely share education resources, which essentially is an open source community with maximized value creating efficiency.
Blockchain and cryptocurrency become very popular topics lately, with bitcoin price rocketed and dwindled within less than six months. The word "Blockchain" becomes a darling for speculators. But ALGORBLOCK sees blockchain as more than a speculative opportunity; ALGORBLOCK is determined to develop blockchain education into practical applications.
For decades, good education resources are held by a handful of elite institutions, unavailable to the most of others. ALGORBLOCK integrates education contents, qualified educators, renowned institutions and content creators onto one single platform, where every participant can obtain higher quality education with lower cost. ALGORBLOCK believes this is how the future education should be. Those who are born less well off should not have to give up on education or suffer from poor quality education because the cost of education is too high don't need to give up now. Educators should be recognized on individual level for student's success and be rewarded with a larger share of student's tuition. With ALGORBLOCK, students and teachers can connect to each other with great efficiency, take advantage of the un-temperable nature of data recorded on blockchain and transact on a lower price.
With ALGORBLOCK, content creators will be rewarded for creating and uploading contents. The more views the content get, the more engaged content creators can get with viewers, the more reward the content creator will receive. Participants who share high quality, valuable contents, will also be rewarded. This model will create virtuous cycle, encouraging everyone to spread and share knowledge.
ALGORBLOCK enables content creators, educators and students to form an ecosystem bypassing traditional schools. Students can have more autonomy choosing subjects and designing curriculum. Teachers can have improved income and more incentive to contribute to the community. There is no other sentence that describes ALGORBLOCK better than their slogan "The end of school, the start of education".