We create a protocol, for open source education platform ( openEdex, Moodle) that allow tokenize educational process, add real job task from the freelance market (upwork) and create a direct economic stimulus for students and tutors.
Current Status
We have ready to work MVP. Start to test our MVP with tutors and coaches.
Have international B2B partners. Start negotiation with first 3 client.
Market
Market 20B tech online education per year
200B offline education per year
Our target audience
B2B - Educational platforms
(Coursera, Prometheus, EdEra),
content providers, coaches.
Problem or Opportunity
200 million user start massive online courses,
like Coursera.
But only 4% finish it.
Low motivation - for students ,
Low monetization - for platform and coaches.
Solution (product or service)
Create economic stimulus and real job tasks
for students and coaches during educational process
Competitors
http://prntscr.com/lkrkdv
Advantages or differentiators
1. Dependence between the students’ success rates and the tutors’ paycheck
2. High rates of employment for successful students
3. Flexible business-model.
Finance
http://prntscr.com/lkrbbe
Business model
Success fee from students (B2C) and royalty from franchisees platform (B2B)
Money will be spent on
30% - Tech development
20% - Business development
20% - PR and marketing
20% - HR
10% - Operation costs
Market risk - we operate in a highly competitive market. We made our business-model extremely flexible and open for cooperation.
Political - our market education and recruitment can be regulated by States and governments. A technical trend on our side but regulators can create obstacles and borders.
Operational - we propose a new idea and our mail operations are P2P interaction, we need good execution level and execution team. So I see risk in transferring from validating the idea and execution.
Financial - non-availability of funding.