Hong Kong: IOST Collaborates with Fintech, Digital Transformation Professional to Establish Global Education DAO

IOST is pleased to announce a collaboration with Professor Emil Chan, a Fintech visionary and digital transformation professional.

Together, they will create NextEduDAO, a decentralized autonomous organization (DAO) dedicated to improving higher education “through innovation.”

Their mission is “to establish a leading global education DAO based in Hong Kong, leveraging the power of blockchain, artificial intelligence (AI), non-fungible tokens (NFTs), and other cutting-edge technologies.”

NextEduDAO aims “to cultivate a community-driven, decentralized, open, fair, and transparent ecosystem for higher education.”

NextEduDAO — Unleashing the Potential of Global Web3 Education

For a considerable period, digital reforms in traditional education “have encountered various bottlenecks,” which include:

  • The lack of recognition and rewards for educators’ contributions,
  • The inequitable distribution of high-quality educational resources, and
  • The limitations on learners’ educational experiences.

At IOST, they firmly believe “that the decentralized nature of blockchain and the capabilities of smart contracts have the potential to address the challenges faced in traditional education.”

With this conviction, they embarked “on a strategic collaboration with Professor Emil Chan, which has led to the birth of NextEduDAO and a transformative partnership.”

NextEduDAO aims “to establish itself as a prominent global education DAO, with its roots firmly planted in Hong Kong.”

By leveraging the power of blockchain, AI, NFTs, and other cutting-edge technologies, this platform will “cultivate a community-driven, decentralized, open, fair, and transparent ecosystem.”

Their goal is “to create an inclusive higher education environment that empowers both learners and educators alike.”

Leveraging the power of blockchain and Web3 technologies, NextEduDAO will introduce a range of innovative solutions, including:

  • Peer-to-Peer Learning and Knowledge Sharing: Enabling learners to connect with experts, mentors, and peers directly, fostering collaborative learning and knowledge exchange.
  • Decentralized Credentials and Reputation Systems: Establishing tamper-proof and verifiable records of learners’ achievements, skills, and educational experiences to enhance their employability and reputation.
  • Tokenized Incentive Mechanisms: Introducing token-based rewards to acknowledge learners’ active participation, contributions, and accomplishments, thereby fostering motivation and engagement.
  • Global Access to High-Quality Educational Resources: Leveraging the decentralized nature of blockchain to eliminate geographical barriers, providing learners with access to high-quality educational content and resources from around the world.
  • Smart Contract-Based Courses: Empowering educators to create and offer courses using smart contracts, automating administrative processes, and ensuring transparent and equitable transactions.

NextEduDAO envisions “reshaping the global higher education landscape, promoting learning, inclusivity, and equal opportunities for learners worldwide.”

The strategic partnership between IOST and Professor Emil Chan has “resulted in the creation of NextEduDAO, marking a significant milestone in the advancement of Web3 education.”

NextEduDAO is committed “to becoming a premier global education DAO headquartered in Hong Kong, revolutionizing higher education by harnessing the potential of blockchain, AI, NFTs, and other cutting-edge technologies.”

With a vision of a community-driven, decentralized, open, fair, and transparent higher education ecosystem, NextEduDAO is “onboarded on a journey to explore innovative solutions to the challenges faced in traditional education systems.”

Its mission is “to empower learners and educators, reshaping the global landscape of Web3 education and fostering inclusive learning opportunities for students worldwide.”

Education DAO — Transforming the Landscape of Web3 Education

DAOs, decentralized entities “built on blockchain technology, offer transparency, automation, and immutability, with governance playing a pivotal role in establishing coordinated participation rules and management models.”

The introduction of “learning DAOs” by the Crypto Culture and Society (CCS) in September 2021 has “led to the emergence of various learning DAOs focused on innovative approaches and liberal arts within the crypto industry.”

This convergence of blockchain and education presents intriguing possibilities.

Education DAOs represent “a decentralized educational model built on blockchain technology, operating in a decentralized manner and free from external influences.”

It eliminates the need “for a centralized hub for integration and management while ensuring transparency and tamper-proof data for authentic and traceable information.”

Education DAO transcends “the limitations of traditional online education, enabling lifelong learning for users and significantly enhancing teaching and administrative efficiency for educational institutions through a blockchain-based management system.”

As noted in the update:

“With its transformative power, Education DAO is reshaping the global landscape of Web3 education. It revolutionizes the delivery and experience of education by leveraging the benefits of blockchain technology. By providing transparency, scalability, and lifelong learning opportunities, Education DAO paves the way for a decentralized and innovative approach to education.”

Professor Chan is deeply “committed to nurturing the next generation of internationally-oriented digital creative entrepreneurs.”

With over ten years of experience as the First General Manager of Bavarian State Bank, Professor Chan “played a pivotal role in the bank’s branch license applications in Hong Kong, Singapore, and Shanghai.”

He actively “participated in the formulation of Hong Kong’s regulatory system and was instrumental in implementing various critical financial and credit licensing frameworks.”

This facilitated deep communication channels “with regulatory authorities’ leadership.”

Moreover, Professor Chan actively “contributes to the construction and improvement of Hong Kong and the Greater Bay Area’s digital ecosystems.”

For more details on this update, check here.



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