What is ODEM?
ODEM (On-Demand Education Marketplace) is a blockchain based platform that directly connects educators with students. ODEM helps to lower costs for students by eliminating unnecessary intermediaries. It also gives educators the freedom to design their own curriculum, connect with more students globally, gives them real time feedback, and incentivizes them properly to design great courses. According to their website “ODEM is revolutionizing how educators and students, plan, connect, and book educational programs.”
ODEM asserts that the current educational system is not serving educators or students. The current education system is flawed because it is too expensive, mainly only available to the wealthy, not transparent and educators are not properly incentivized to produce relevant programs. This results in an inefficient and overpriced education market that is harmful to students.
ODEM is a decentralized, blockchain based platform that simplifies and integrates the global educational supply chain. ODEM uses artificial intelligence to match students and service providers. ODEM utilizes smart contracts to allow for cross-border, international payments. Students can see an educator’s full credentials and teaching history. ODEM incentivizes students and teachers to increase the quality of their program. In addition, ODEM is much more affordable for students as unnecessary middlemen are removed. ODEM is transparent and allows anyone to access affordable and relevant education.
ODEM program selection generator
According to the ODEM whitepaper “A student could request a preferred program, date, price, educator location lodging and travel options. The generator finds the closest matches to trigger program creation. It also creates a smart contract for fulfillment, delivery and payment.”
ODEM will also create and issue digital certifications upon completion of ODEM programs. These certifications help students track and verify their work.
Allows employers, universities, students, educators, service provides and third party stakers to access and view digital certifications.
The ODEM team is made up of experienced entrepreneurs and technologists. The CEO, Richard Maaghul, is a Silicon Valley entrepreneur with two decades of experience in emerging technologies. He is the co-founder of ODEM’s education partner Excelorators Inc. You can view the rest of the team here https://odem.io/#team
The purpose of the token is to remove unnecessary and costly intermediaries. Since the ODEM platform is global, it makes sense to use its own cryptocurrency instead of dependence on a national currency.
ODEM is partnered with Excelorators, a US based education provider. For the past 5 years, Excelorators has been working with many organizations to build a network of professors, administrators and business leaders to deliver professional development education programs. Partnering with Excelorators will help ODEM get access to a large network of potential educators.
One of the biggest downsides to ODEM right now is the size of the community. For example, the ODEM subreddit community only has around 100 subscribers. The project is going to need to have a dramatic increase in marketing in order for it to have a chance of success. In addition, the platform is not live yet, so it is too early to determine if it is going to work well.
ODEM is trying to solve an important problem. The world needs access to more relevant and affordable education. ODEM is proposing a solution that could really help educators and students. Their team and partnerships inspire confidence that they can achieve their vision. ODEM has a lot of work to do as far as marketing and development are concerned. At this point in time, ODEM is too speculative for BlockWolf to add the project to our portfolio. We will continue to keep an eye on ODEM as it develops.