Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Tutellus aims to reform the educational model with blockchain and NEM [XEM]

Miguel Caballero, the Founder, and CEO of Tutellus, in an interview with Barbaric investors, announced that the company is moving on to a Blockchain model. The company has existed since 2013 but did not initially start off with the blockchain model. It operated like any other company in the world with no involvement of cryptocurrency or blockchain technology.

In the starting of April 2018, Tutellus had announced that it is migrating from Ethereum to NEM and now with NEM’s flexible, efficient, user-oriented blockchain platform, the company announces its new move.

NEM's official tweet

NEM’s official tweet

Tutellus is a collaborative educational platform. They have put together teachers with students through video experiences. The platform focuses on the Latin countries. They have 1 million students approximately, 103 video courses and around 3000 active teachers. They aim to solve problems that students face with typical, existing learning platforms. 80% of their content is based on web development, video games, technology as these have high job potential.

CEO, Miguel Caballero says about Tutellus:

“We are very stable and profitable company”

As the company strives to widen its horizon and move to a worldwide scale, it aims to do so with the blockchain technology. Miguel believes that the decentralized blockchain technology will be beneficial compared to the classical centralized model as it will allow students or the users to earn tokens for learning and hence inculcate learning habit across the world.

It will further give the users and the teachers a say in what type of content needs to be created for a more efficient learning outcome. They believe that the company is just a platform, they are not experts in the skill.

The decentralized platform will allow the communities to decide the best suitable content for their community. For example, agriculture courses for a community that resides in an unfertile land are pointless. They need courses that benefit their community.

In the words of Miguel Caballero:

” The idea is to put the governance in the hands of the people”

The two tokens that the company awards to its users are ‘TUT’ and ‘STUT’. TUT is a tradable token which can be exchanged for money. STUT, on the other hand, is token that measures one’s knowledge or relevance in a particular course. For example, if a user chooses to do a course on Javascript, and he pursues the course for 20 hours and during this time helps the others as well with their work, he receives STUT tokens for the knowledge that he possesses from this course and for the activities he performs during the hours of the course.

STUT token can either be exchanged for TUT which later can be exchanged for money or one can retain STUT to showcase his relevance in the course and exercise influence.

This incentive model helps the platform to gain more content through the users who learned using the platform. The new model is aimed at engaging 100 million users.

The ICO is scheduled in June, the company’s expectation is to raise $40 million for the ICO out of which $20 million will be set aside for scholarships and $20 million will be used for the business. The CEO has high expectations and will be touring around the globe before the ICO to promote the new decentralized Tutellus platform.

The post Tutellus aims to reform the educational model with blockchain and NEM [XEM] appeared first on AMBCrypto.



This post first appeared on AMBCrypto - Latest Cryptocurrency News, please read the originial post: here

Share the post

Tutellus aims to reform the educational model with blockchain and NEM [XEM]

×

Subscribe to Ambcrypto - Latest Cryptocurrency News

Get updates delivered right to your inbox!

Thank you for your subscription

×