Leveraging a global, immutable database for monetary protection and transparent validation.
Blockchain technology will significantly enhance the business model for Skolarships, providing numerous benefits in terms of payments, transparency, scalability, and even marketing.
How Skolarships will integrate blockchain technology:
Payments
Decentralized Transactions
Enable secure, decentralized transactions without the need for traditional banks. This reduces transaction fees and processing times.
Cryptocurrency Payments
Accept payments in cryptocurrencies, providing users with more flexibility and catering to a global audience.
Smart Contracts
Use smart contracts to automate payment processes, ensuring that funds are only released when certain conditions are met (e.g., completion of a course module).
$SKO Currency
Skolarships will implement its own platform currency in tandem with fiat and other major cryptocurrencies to scale the platform and offer exclusive benefits to holders and spenders. See $SKO for more information.
Additional Benefits
Lower transaction costs, scalable and faster payment processing, and reduced risk of fraud and chargebacks.
Transparency
Immutable Records
Blockchain’s immutable ledger ensures that all transactions and activities are permanently recorded and cannot be altered, enhancing trust and accountability.
Open Access to Information
Users can verify the authenticity of courses, reviews, and certifications, as all data is transparently recorded on the blockchain.
Additional Benefits
Increased trust and credibility, enhanced accountability, and clear audit trails.
Scalability
Distributed Ledger Technology
Skolarships will utilize DLTs (distributed ledger technology) to scale the platform efficiently, accommodating more users and transactions without significant increases in operational costs.
Tokenization
Implement a token-based system for exclusive benefits, accessing communities, courses and rewarding participation. Tokens can be easily managed and distributed across the platform.
Additional Benefits
Efficient handling of large-scale operations, flexible and scalable infrastructures, and potential for seamless global expansion.
Certifications & Credentials
Verifiable Certificates
Issue blockchain-based certificates for course completion that are easily verifiable by employers and other institutions.
Additional Benefits
Enhanced credibility of certifications, easy verification by third parties, and increased value of courses for users.
Security & Privacy
Data Security
Blockchain’s cryptographic security ensures that user data and transactions are protected against unauthorized access and tampering.
Ownership and Control
Users have control over their own data, with blockchain providing a secure method of managing and distributing personal information.
Additional Benefits
Extended levels of data protection, user trust in data privacy, and reduced risk of data breaches through immutability & storage.
Community Access Passes (NFT Scholarships)
NFT Scholarships
Lifetime admission to select communities. See NFT Scholarships for more information.
Remittances
Free & instant transfers throughout the platform
Monetization
Creators can mint & sell access passes to their audience vs the traditional subscription model for lifetime access.
Token Economy ($SKO)
Bonuses & Discounts
Purchasing courses and/or community entries can result in bonuses and discounts if paid for in $SKO.
The "Hands" Program
Tiered reward system based on holders duration and amount. See The "Hands" Program for more information.
Tips
Community members and creators can all earn $SKO by receiving tips for useful posts and replies, incentivizing encouragement amongst the community.
Burn & Learn
$SKO is burned when purchases on the platform are made.
By integrating blockchain technology, Skolarships can significantly enhance its business model, offering secure, transparent, and scalable solutions for online education. This integration not only improves operational efficiency and user experience but also positions Skolarships as a cutting-edge platform in the e-learning industry.
