01.0 Abstract - edgecoinli/edgecoin-smart-education-solution GitHub Wiki

With the globalization and the rising popularity of e-learning and self-education all around the globe, employees and employers are facing problems as translations, different kind of degrees and much more. Future education will face major issues that can easily solved by implementing the blockchain. Being not only a safe, but also a fast and cost-efficient way to store data such as college degrees, e-learning courses and more, the blockchain has the chance to disrupt education. Expensive translations that need to be verified by notaries are no longer necessary while possible frauds that occurred before can be completely prevented.

Blockchain education will also be the safest way to store personal data that can only be accessed by the owner and seen by whoever the owner chooses. By combining colleges, e-learning platforms, public and private schools, academies and universities into one simple key or QR-code applying for jobs or looking for the perfect employee becomes truly borderless, extremely fast and totally secure. Edgecoin is building the missing piece to finally hack education and completely disrupt the academic world like the internet changed our daily lives in the last two decades. Not only students looking for jobs or universities will profit from this, but also companies or colleges looking for qualified personnel. Edgecoin will start this dramatic change with e-learning platforms, that are getting more popular by the day all around the globe. The ever-growing, multibillion dollar industry is a main factor that people finish academic courses next to their job, learn new languages, coding and much more. While the courses get more advanced in time, the payments and the degrees unfortunately do not change.

All popular platforms around the globe accept fiat (USD, EUR, KRW, CNY, …) as the only payment solution. Bitcoin and the blockchain itself already showed that classic currencies are flawed and limited. By bringing cryptocurrencies and the blockchain to the world of e-learning, Edge (subsequent: Edge, Edgecoin or EST), an ERC20 Token, aims to build a bridge between those two ever growing markets.