NEM Foundation,Tutellus & Cryptonomos merge to revamp education as we know it
NEM Foundation, Tutellus and Cryptonomos have come together to reform education as we know it. The trio struck the collaboration at a blockchain conference in New York after a throughly discussing the perks of the partnership, which will likely be an example-setter in the field of education.
The story of refurbishing the educational system came through NEM, as they posted this exciting turnaround in the field of education on Twitter: “ICYMI: #NEM together with @tutellus and @CryptonomosICO partner up in hope to transform education!”
— NEM (@NEMofficial) July 26, 2018
The new educational initiative
NEM is a peer-to-peer cryptocurrency and blockchain platform. Tutellus is one of its kind, as it is the first decentralized and collaborative EdTech platform that runs on Blockchain. Cryptonomos is an innovative platform for token launches and servicing. With these three varied backgrounds, the three companies have unified to amend the traditional incentive structure in the educational field that concentrated on long-term rewards and minimal short-term incentives with the minimal effectiveness. However, now the lives of students and educators will likely have a positive effect as they will be given direct access and engagement to learning.
Employing the new Tutellus blockchain will supposedly deliver tokens for teachers and students whenever they attain their educational related goals. Cryptonomos will assist Tutellus to adopt the NEM blockchain and will enable the exchange of NEM tokens for TUT tokens.
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Leaders from the three organizations have shared their respective opinions about the collaboration.
Miguel Solana, Investor and Advisor at Tutellus, said: “We are grateful for the support of the NEM Foundation, Cryptonomos, and Coinsilium; we are building a new decentralized platform to transform education and training forever, and solve the pains the sector has. Learning and teaching will never be the same again.”
Albert Castellana, Council Member at NEM Foundation, who considers Tutellus to be an “inspiring platform” for several reasons. “they’re already one of the strongest players in the digital education market and their vision for the future is very compelling. Projects that use blockchain technology in new and innovative ways, such as Tutellus, are the ones that the NEM Foundation find most exciting.”
Oleg Poskotin, CEO, Cryptonomos, said: “This is an innovative blockchain project. It isn’t about trying to cut out financial middlemen or improve logistic supply chains — it’s about transforming the way that people relate to their education. These are the potentially world-changing sorts of projects that we love.”
Image via Shutterstock
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