Introduction
Education is our key to progress in life. Quality education has been a concern for many countries. It is one of the basic needs of human life to enjoy the potential of the human brain. No wonder teaching is considered to be one of the noble professions on earth. The traditional method of the classroom teaching is slowly being replaced by our computer screens. We get to learn through our computer. The education market is one of the biggest markets in the world. According to an estimate, tutoring industry is forecasted to be a 227 billion dollar market. The online tutoring has increasingly become the new normal for learners. People want to save time by indulging in the online tutoring. Whatever they wish to learn, the ample opportunities exist in the online world. Total tutoring market is seeing rapid progress in the segments of language study, preschool preparation and continuing professional education.
There are many problems in the traditional methods of teaching which have given rise to a sharp increase in the online tutoring community. But, today's tutoring community has become stagnant and lacks an innovative strategy to scale further. The few of the problems associated with the current market are mentioned below.
- Despite large-scale awareness and participation in the online tutoring community, there is a large part of the population which is dependent on offline tutors and for that, they have to travel thereby wasting their time
- The direct interaction between the tutor and learner is not possible in the offline because the middlemen (study centers) have fully captured this tutoring market and turned it into their profit generator machine.
- Each student is different, but the Student is unable to find specific support for his unique learning objective in today's tutoring industry
- There is a lack of proper rating and review system, which may help the students choose a better teacher for his specific needs in this course.
To compensate the weaknesses of the current system, a fresh platform for tutoring community is needed, which is secure and provides the power in the hands of the student to choose what is best for them. It will be the ultimate application for the students as well as teachers.
Solution offered
NTOK is developing the decentralized peer to peer network for students and teachers. There is no requirement of middlemen to find the teacher you need on the NTOK platform. NTOK is global education ecosystem, where a student or a group of students can choose a particular teacher or a group of the teacher to learn the specific course by paying directly to the teachers. THE payment on the platform is done by the NTOK tokens, which allows the student to complete his course.
People who are not comfortable with the cryptocurrency can pay in the fiat currency. Their latest product is available on the tutorninja.com, which is an English language school. They wish to include all the schools and all kinds of courses on their platform. Multiple features of their platform are worth noticing and few of them are mentioned below.
- Large Pool of tutors who are from different fields offering quality education
- Direct Payment system using cryptocurrency on Ethereum blockchain
- Online Video lesson with interactive study area
- Online schedule for tutors and students
- Rating system based on the blockchain to help students choose better
- Variety of other courses from other providers related to multimedia tools
- Global market access to the NTOK token Holders to earn profit
We hope to see the NTOK scale their platform to provide global education through its unique platform.
ICO Information
To solve the challenges in the community, they are conducting an ICO from 15th January 2018, which will continue until 15th February 2018. A total of 70% of tokens are available for the public.
The funds collected from the ICO will be utilized in the Marketing & sales, product management and operations. The brilliant team of NTOK have years of experience in the fields of the Education, technology and blockchain. They are determined to make the tutoring community free of middlemen.
Conclusion
Despite so many segments of the tutoring market available, the online tutoring accounts only for 3 to 5% of the total tutoring business. As the internet and digital space grow, this sector is bound to see enormous development. The plethora of startups offering online learning has been accepted and adopted by top universities of the world. MIT, OXFORD and CMU are a few of top universities in the world, who are offering free courses online asking students of the world to be part of the learning process. People have immensely benefitted from this movement of top universities and online learning providers. The online community is one of the fastest, a safe, reliable and transparent community for learners from any part of the world. We can hope to see massive development in the online tutoring sector, once we build enough infrastructure in the countries where we lagging behind. NTOK has started its journey of democratizing the Education system of the world.
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