What is ODEM?
ODEM (ODE) is a global education provider platform that leverages the digital ledger technology of Ethereum blockchain. Its primary goal is to provide affordable, verifiable, accessible, and transferable education through the use of blockchain and its native coin, ODEM tokens. ODEM intends to offer blended education through a range of key services, with the ultimate aim of providing live-streamed and online classes.
According to the platform's whitepaper, ODEM is connected to the Ethereum blockchain, which is built on standard web and HTML technologies. It aims to create a marketplace with an open-source, on-chain Ethereum-based ERC-20 utility token that can be used to transact ODEM digital assets and smart contracts. The platform aims to provide verification authority onto the blockchain, making it more reliable, and allowing decentralized educational providers to provide programs and get recognized as legitimate credentialing bodies. ODEM has developed a set of smart contracts and interfaces to enable educational certificates to be signed, shared, secured, and verified entirely on the blockchain.
ODEM aims to provide students with complete control over their educational records, allowing them to share their certificates with third parties such as employers through the Education Certification Viewing (ECV) contract. The ECV contract provides eligible candidates with an opportunity to showcase their digital certificates to potential employers.
ODE is an ERC-20-based utility token that allows users to access the ODEM platform through staking. Students stake a preferred program by committing a small amount of ODE, while educators stake the courses they wish to teach. Staking helps both educators and students satisfy their interests.
The ODEM team aims to create a set of smart contracts, standards, and protocols to incorporate program-specific criteria such as value in ODE, duration, and location. These smart contracts manage ODE transactions to educators and the issuance of student certificates.
ODEM was founded in 2017 by J.William Bayrd and Richard Maaghul, with Maaghul serving as the CEO. The technical whitepaper was published in November 2018.
In conclusion, ODEM is a platform that leverages the power of blockchain to provide accessible and affordable education. By utilizing ODE tokens and smart contracts, ODEM aims to provide reliable, verifiable, and secure educational certificates that are accessible to third parties such as employers. With its innovative approach to education, ODEM has the potential to transform the way people learn and acquire knowledge.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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