Tutellus Creates Decentralized Educational Platform Based on Blockchain Technology

Jordana Sacks
  • Tutellus is the first decentralized and collaborative EdTech platform based on blockchain.
  • The project aims to transform teaching and learning for people all around the world.

Tutellus is an educational project with a difference. Ambitious, innovative, and enterprising, its overarching aim is to revolutionize the way we teach and learn.

The idea has been almost five years in the making. Beginning in 2013, the company behind it envisaged the platform as a tool for collaborative education, one that would match students with teachers to create an improved learning experience for all.

It wasn’t until 2017, however, that its founders realized blockchain technology could be of use to them. Decentralizing their model by tokenizing their assets, they adopted the NEM blockchain, using a four-layer model to create a truly one-of-a-kind platform.

The company has been clear in stating that it has no intention of creating a handful of millionaire teachers, but rather aims to make millions of ‘thousanders’ instead, explaining:

“We want to steem our market, to spread the richness in the community, tokenising it.”

Tutellus

The organizaiton is doing this with the TUT token: a 100 percent utility token which can be used alongside their Smart TUT to ensure user relevance. Through the adoption of this model, the company has been able to design a complete tokenomics workflow, which has proven highly popular with students, teachers, and companies alike.

This means that now, just a few short months after its inception, Tutellus has hundreds of thousands of users who are making the most of this blockchain marvel.

The primary goal of the platform remains the same as it always has: to pay individuals for learning. Already the leading EdTech ICO in the Latin regions, they now have their sights set on becoming the biggest of their kind in the world, so they’re able to spread this ethos even further.

For the educational sphere as a whole, this really could prove revolutionary, for as Tutellus states: “the more you learn, the more money you get, and the more relevant you become in the community”. Has there ever been a greater incentive to expand one’s academic horizons than that?

Featured image from Max Pixel

IBM’s VP of Blockchain and Crypto on World Wire, XLM, Ripple, XRP, and BTC Price

On Wednesday (February 20th), during an interview with Australia's largest comparison site Finder.com.au, Jesse Lund, IBM's Vice President of Blockchain and Digital Currencies, talked about his company's cross-border payments solution "IBM Blockchain World Wire"(which runs on the Stellar network), how this product differs from what Ripple is doing with xRapid, and gave his medium term (end of 2019) and long term (some day) price predictions for Bitcoin (BTC).

In this article, we focus on some of Lund's most interesting comments made during this interview.

IBM Blockchain World Wire

"The architecture of World Wire is really a cross-border payment network, the magic of which is the ability to send a payment message instruction saying 'Hey, I'm sending you something; get ready!' and on the other end, the receiver is making sure that who you are sending it yo is not some nefarious actor or bad actor, but once that happens, and that happens really fast, then we send the value along, and that transfer of value is made possible by an ecosystem of digital settlement instruments, of which [Stellar] lumens is one."

"IBM's long game in this is to be the network operator... So, the subscribers, the customers, if you will, of World Wire are market makers who really provide the pay in, pay out locations, and they themselves have corporate clients and probably retail clients. So, we're really providing a kind of conduit through which money can flow in real-time." 

IBM Blockchain World Wire vs. Ripple's xRapid

"Credit Ripple for the vision of using a digital asset in order to enact immediate settlement with finality. I think their implementation followed one path. Our implementation is a little bit different. We are not the issuer of an asset. In fact, what we believe is that there should be an ecosystem of a variety of digital assets that provide the settlement instruments that enable these cross-border payments. The participants on the network should be able to choose and negotiate their choices in real-time and the pricing might be different depending on the settlement instrument you use. So, I think with Ripple, they're looking at XRP as the primary digital asset for settlement, and for us, it could be lumens, it could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments like stablecoins and even eventually, hopefully soon, central bank issued digital currencies."

Bitcoin (BTC) Price Prediction

"[Bitcoin's price at the end of 2019] ... I think it's going be higher [than today], I'll go with $5,000, but let me just say this. I've got a long term outlook... I see Bitcoin at a million dollars some day. And I like that number because if Bitcoin is at a million dollars, then satoshi is on value parity with the U.S. penny, right? And that means there's $23 trillion of liquidity in this network. Think about $23 trillion in liquidity and how that changes things like corporate payments, large payments, and what that does to the financial services landscape."

Featured Image Credit: Photo via Pexels.com