Education is the key driver to economic growth, in a recent Pearson report about the future of skills identifies the importance of education towards future skill trends that include automatic control, extension and integration of cross-border international trade, investment and culture, eliminating the extreme levels of income inequality and political change as being critical towards the growth of the global economy.

The community now understands the importance of Education and there has been a global interest in academic advancement and learning institutions to improve the quality of education. One of the key vehicles towards this improvement is Technology – In recent few years there has been a buzz about the quality and capabilities of blockchain technology due to its innovative features that improve traditional technology. Blockchain is disrupting almost all industries by improving their way of doing things – The education sector has not been left behind; The Open Source University plans to improve the Education sector by creating the world first decentralized means of providing acquisition, verification and validation of skills between students, academics and businesses.

I know you may be wondering, what's the problem with the current traditional system? To be honest there has been problem in the education sector mainly due to centralization of learning institutions, management problems leading to poor quality services. Open Source University is using Blockchain technology to solve this problem by leveraging the power of distributed technology to improve efficiency and transparency, blockchain innovative smart contact to improve accountability, and crowdsourced community participation in improving the education system.

Open Source University will tokenize the platform to enable interaction between students, education institutions and businesses who will be using the platforms consensus algorithms, records storage on the blockchain, innovative tools and monitoring systems through a low fee means of verification and validation of knowledge and skills.

Open Source University

The Open Source University platform aims to connect learners, Academia and businesses through the use of blockchain technology. The platform will allow smart contracts to store learners certifications through the use of distributed ledger technology where businesses will be able to connect with them using matching algorithms and big data calculations to connect with the right candidate. This system of operation process will reduce the costs involved in recruitment and verification and screening of candidates through reduced time in verification while improving the efficiency of the recruitment process.

Learners will have the ability to store their certificates securely on the blockchain where they will have the power of using algorithms to match their skills with the correct career path based on data provided by business though skill demand projection tools. This model of operation will create a diverse market place where the community will be able to filter learning contents based on their custom preferences and community based academic ratings and automatically being able to pay for services through peer to peer consensus algorithms to eliminate the need of third parties hence reducing the fees.

Open Source University platform players

I believe the Open Source University business model is very solid, it connects the major players in the education space including learners, Academia and businesses. Bringing this industry players together through the help of blockchain technology to solve trust and distribution issues.

The platform helps learners understand their future employer requirements through matching algorithms and big data calculations on top storing their certificates in the blockchain. This will reduce the time it takes to figure out a learner's career path while also giving the student peace of mind knowing his certificates and details are securely stored on the blockchain.

The platform will be beneficial to learning institutions who will be placed on the blockchain according to their services and academic rating, EDU Tokens will be used to process payments reducing the need of the middle man. EDU Tokens will reduce the processing fees due to the smart contract feature provided by blockchain technology.

Businesses will be able to trust the education system bringing more confidence to both learners and employers contributing to a more productive labor market that is well managed and qualified through demand and skills strategy.

The Problem

Tradition education systems are more centralized, this means the services provided are also centralized which increases inequality, poor governance, loss of trust in the current education system, increase in expenditure during most of the processes and finally the reduction of the quality of the education processes. This problem is what are driving the education system behind by reducing the quality of education. Everyone is now criticizing the current education system and the government has not solved the problems and it's now time for the community to take action and help in decentralizing the education system.

Through community support and the government existing strategies to improve the education system we can increase the education system quality of services necessary to economic growth and improving the labor market. Open University is a community managed platform that will reduce the rates of learners and businesses verification and validation of knowledge and skills.

Technology adoption takes time and the Open Source University will take time to unfold and when its fully in operation it will be a very useful platform to deliver the much-awaited solutions to transform and improve the education and labor market.

Solution

Open Source University will bring harmonization of the education processes where it will be able to connect learners, education institutions and the labor market. This will decentralize most of the decision-making processes between this major player. Community will be able to help in the management of the education system through a transparent platform with a goal of transforming the and improving the education and labor market. The platform devolves acquisition, verification and validation of knowledge and skills from the industry players to community form of management improving transparency, accountability, interaction between the players and improve resource allocation. The industry players need to come together through blockchain technology to improve the market and Open Source University is a stepping stone towards realization of this solutions.

EDU Tokens Utility Value

EDU Tokes will be used to fuel the platform and act as incentives towards community involvement in managing the processes in the platform, they will be used to process payment and transaction on the platform, such as scholarship payments, education donations and fees processing. This will reduce the cost of payment processing by allowing direct consensus agreements between parties involved reducing the need of a third party through the use of smart contracts.

EDU Tokens are very useful in the community management platform, they will allow decentralization of education and the labor market by acting as a medium of interaction between learners, academic institutions and labor market participants

By using EDU Tokens participants will reduce the transaction fees this is because the ffes between the platform parties make up 5% of the volume of each transaction and will be allocated to the platform Open Source University reserve, by using EDU Tokens users will attract a 0% transaction commission which is a good thing.

Open University is currently running an ICO to give investors an opportunity to invest in the platform, Funds will be used to fund the development of the platform, research and future development among other uses which are stated on the Official Open University Website Where you can also participate in the current ongoing ICO.

Your Potential Investment?

Investing in the platform is a decision you need to undertake after doing your own research, with so opportunities in the blockchain; investing in a platform that improves in education might be the right decisions an investor can make. Not only will the investor have potential to get a return at the end he will also be making a contribution towards the improvement of humanity through promoting education.

The open source university promises a lot of change in solving problems existing in today's education and labor market, making it an attractive investment. The project is using blockchain technology a revolutionary new technology that improves existing education system by decentralizing this system from centralized form of process management and devolving it to the community.

From an investment perspective this might turn out to be a worthwhile investment and I would encourage my readers to research on the projects, the solution they are bring to the table and the problems they are solving. Open University is offering a one of a kind solution unlike other blockchain participants and the project is worth a look now and in the future.

Conclusions

In conclusion Open Source University will improve confidence between industries players – and in so doing will be contributing towards a transaparent, secure and trustworthy education system. The larner will be able to profile his education, skills and work experience through which he will gain access to a wide labour market reforming the current recruitment processes through peer to peer connection between the industry players. I will keep a close eye on future developemtns of the platform and contribute twoards its ecosystem developments in ways I can – the future is bright for the platform and I wish good luck to the team behind this innovative idea.

For more information about the project please visit the following links;

Website: https://os.university/

WhitePaper: https://clck.ru/Dd7Vd

Telegram: https://t.me/OSUniversity

Facebook: https://www.facebook.com/OpenSourceUni/

Twitter: https://twitter.com/OpenSource_Uni

Medium: https://medium.com/the-os-university-blog

ANN: https://bitcointalk.org/index.php?topic=3685252

Author: jamesndungu1