Education is a big market, with a number of startups competing for their place under the Sun. We have already seen two such decentralized projects, and now we have another one — which we’re going to discuss today.
Somewhat weirdly called Õpet, it uses artificial intelligence (AI) and blockchain to address what it calls the “growing class divide” in education; to help students access equal opportunities and unlock their full potential. Let’s delve into details…
Making learning easy with a chatbot
Õpet’s secret ingredient is to present teenegers with a familiar interface they are accustomed to using on a daily basis. Instead of showing lessons on web pages and documents, the company will serve lessons as a chat, with the AI-powered chatbot helping users get the best grades in crucial exams.
In other words, Õpet aims to address the “confusion and apprehension” teenagers face when they finish high school, offering “smart revision tools” to help them when they are contemplating their first steps.
Said chatbot will be available 24/7, providing a “customized learning experience” for pupils during their national examinations, such as GCSEs and A-levels, which are commonly taken at the ages of 16 and 18 in the UK. This approach, the company claims, will level the playing field — offering effective revisions to just about anyone, while at the same time cutting the cost between 90 and 95 percent.
In addition to lessons, the system would also support quizzes to help students keep track of their competency in an array of subjects — including chemistry, biology, physics and mathematics. This gamified way of learning promises to maximize results, with the underlying technology capitalizing on teenagers’ propensity to read unread messages.
Speaking of technology, there’s a blockchain running in the background to store the records of high school students. Beyond learning, this database will also be useful when teenagers start applying for colleges and universities, eliminating the need for repeated submissions to colleges online or by post.
Some partnerships are already in place
As that is the case with many promising projects, Õpet isn’t doing it all alone; it has already signed a strategic partnership with the University of Cambridge Judge Business School, to use their psychometric profiling tool “Apply Magic Sauce” that helps students when they apply for higher education.
Another collaboration is with the American University of Central Asia which will work with Õpet to make its chatbot available to high school students across the region.
Furthermore, the company has scored a strategic partnership with World Capacity Builders, which is a private British Columbian company with a vast network of global world leaders and supranationals, dedicated to improving access to communication solutions, financial services and technologies for the world’s poor and underserved communities.
Õpet has its own token
Even though it will be accessible to many users around the world, Õpet’s chatbot won’t be free. Its use will be paid with Õpet tokens, and the same goes for blockchain access for records validation.
This makes the token a valuable good, with the BlockSpeed suggesting that Õpet tokens have the potential to achieve a market price of $9.20 by the 2021 financial year.
Add the fact that the education market is “severely under-digitized” at present, and you come to conclusion that there’s money to be made here. In fact, the company is currently holding a private presale, which will be followed by a public presale that will kick off on September 1st. Finally, a public sale will commence on October 1, and will run for a period of three months.