Open Campus Unveils Plans to Launch a New Blockchain Purpose Built for Education

Open Campus is launching EDU Chain, an innovative new blockchain dedicated to evolving the world of education via web3 technology.

With EDU Chain, Open Campus aims to create a decentralized education ecosystem where learners have greater access to quality education, learner data is stored on the blockchain to enable ownership of academic records, and educators have greater recognition and compensation for their contributions to education.

With the global market size for blockchain technology in education projected to grow from a mere $120 million today to reach $3 billion by 2030, growing by over 40% year-on-year, there is a clear signal of a confluence of macro trends brewing under the surface.

Here are some more key factors to consider when thinking about the future of education:

• Online and lifelong learning is on the rise globally driving demand for quality, flexible, and unique online education opportunities.
• 45% of companies will eliminate degree requirements by 2024, creating a demand for microcredentials.
• Revenue-generating content is currently “stuck” within centralized platforms, cannot be traded, and has zero liquidity.

EDU Chain is uniquely positioned to capitalize on this sea change in the education sector, with Open Campus’s network of 50+ institutional partners and education companies reaching over 20M+ learners and over 100k learners actively using Open Campus ID.

Open Campus sets out to build an ecosystem of decentralized applications (Dapps) on the EDU Chain to establish an innovative “Learn Own Earn” model for Education.

Our vision is to transition from token rewards to cultivating an environment where learners of all ages can enhance their skills through our Dapp partners (“Learn”), and verify their learning progress and knowledge on-chain (“Own”), thereby improving their earning capabilities and job prospects (“Earn”).

We believe this new model will enable Open Campus to capitalize on the changing trends in education. EDU Chain will provide the infrastructure for education to evolve so that it can cater to the changing demands of learners and educators in online educational environments.

Read more about EDU Chain in the Open Campus whitepaper.

About Open Campus

Open Campus is a community-led protocol for educators, content creators, parents, and students. It puts decisions about learning back into the hands of educators and their students by fostering a collaborative environment, enabling teachers to create materials that appeal to the exact needs of students. Additionally, Open Campus recognizes the achievements of teachers and content creators who help students seek new knowledge, opening new revenue streams for effective educators around the world.

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