Platform Helps Users Learn by Watching Videos
A blockchain project called Education Ecosystem is developing a decentralized online learning platform called LiveEdu, where people can learn how to build complete products in categories like programming, cryptocurrencies, artificial intelligence, and other technology fields. Describing itself as “Netflix for professional development”, the company says it is different to other online learning platforms as they are focused on intermediate to advanced level learners seeking to improve their career skills and not beginners just starting out.
Learning from real projects
According to the Training Industry survey, the money spent on professional development worldwide was $359.3 billion in 2016 and reached $362.2 billion in 2017. Education Ecosystem has announced an ambitious goal — to disrupt the professional training industry.
LiveEdu is a platform where intermediate and expert learners can get current information on future fields of technology from their more experienced colleagues. Besides programming, cryptocurrencies and artificial intelligence ( AI) , there are topics such as game development, cyber security, data science, design, virtual reality (VR), and augmented reality (AR).
Content creators develop projects where they showcase themselves building real products. The users can watch videos with live-classes and also interact with the project creator during a live-stream. All of the videos are also archived.
The company says developers have been recording how they create products for years. The problem was that it was not easy for learners in technical fields to find the instruction for an exact topic or suitable real-life project examples, especially after they pass the beginner level. Those videos were scattered across YouTube, Twitch, and Reddit or personal blogs. Education Ecosystem decided to make a dedicated place where both sides — the developer and other users — could meet. The company’s goal is to provide a project-learning library where learners can easily find practical examples for some of the most in-demand skills of today.
“We believe learning from real projects is a practical and efficient way for professionals and students to improve their skills and make more money in their career,” Education Ecosystem CEO and Founder Dr. Michael J. Garbade says.
The key component of the ecosystem is the Education Token (LEDU). The new version of LiveEdu, that the team is developing now, will be powered by this ERC-20 token. Currently, LEDU coins are available on Exrates, BitForex, Livecoin, Mercatox, and IDEX. “LEDU tokens are used as payment for all financial transactions in the internal ecosystem, as well as rewards for project creators, learners, site moderators, and API ecosystem developers,” the company says.
A million users in 200 countries
The beta version of the program was launched at the end of 2015 with the name ‘Livecoding.tv.’ It only included video content related to programming. The major change for the project was made two years later in 2017. The platform was renamed to ‘LiveEdu,’ the education categories were also expanded to the current topics. The team has also adjusted the monetization structure. Education Ecosystem concluded a token sale in February 2018.
Now the company earns by subscriptions. Education Ecosystem offers different prices based on the number of topics and the duration. In the future the company plans to make money mainly through B2B and B2G sales. The B2B and B2G sales channels will be launched in 2019.
Education Ecosystem says that LiveEdu was used by more than one million people in almost 200 countries since the launch of the platform. The number of streamers exceeded 13,000, and they have created over 200 000 videos. Around 50 new projects per week are currently being added. That is expected to ramp up as the company seeks to build the largest project learning library on the internet.
Education Ecosystem plans to expand their external ecosystem in 2019 to include businesses, colleges, and universities as well as other online education platforms. The company sees the likes of Pluralsight, Udemy, and others as potential partners and hopes those companies can become distribution channels for the projects available on LiveEdu via its API.
The team has recently concluded a roadshow through North America, attending major events like BlockShow in Las Vegas, Token Fest in Boston, and Blockchain Seattle. Another roadshow across Asia is scheduled to begin in October.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.