Russia's BeOne uses blockchain for educational courses
Russian edtech start-up BeOne has held an initial coin offering to fund the development of its educational platform, which is backed by distributed ledger technology. The platform, currently in closed alpha testing, aims to keep the needs of students and instructors at its core, enabling online teachers to create and share educational content at a fraction of the cost of traditional methods, while students can cherry-pick what they want to learn from a massive pool of content.

Russian blockchain start-up BeOne is implementing blockchain technology to online education and course delivery through the development of a distributed ledger backed platform. The BeOne platform is created with the intention of offering users with varying educational backgrounds, a range of online courses across a broad spectrum of domains.

The platform, currently undergoing closed alpha testing has announced the launch of its ICO campaign to raise funds necessary for building a comprehensive finished product.

Users of BeOne platform will be able to teach or learn a wide array of skills, including cooking and photography. The platform has been designed with the intention of keeping the needs of students and instructors at its core. The platform aims to simplify the process for online teachers to create and share informative, educational content of various types at a fraction of the cost while receiving higher returns than other similar platforms.

Another benefit is the massive pool of content available to online students at a comparatively small fee. Users of BeOne can participate in the webinars hosted on the platform, receive one-on-one consultations and get an immediate response to their queries. When it comes to courses, they can purchase a particular module of significance based on their needs, rather than being forced to buy an entire course that may not be of any use to them.

BeOne also enables its users to search for like-minded people and join interest groups to learn in teams. For instructors and course creators, BeOne has a broad range of monetization models that currently charge the lowest commission in the industry, with a cap of 10%.

The BeOne ICO is set to go live on August 28, 2017, at 12:00 (MSK). During the month-long crowd sale, investors can purchase the platform’s tokens by depositing BTC, ETH, LTC or DASH. The BeOne tokens serve as the mode of transactions on the platform. The platform has set a maximum cap of 10 million tokens out of which 9 million will be available for purchase during the crowd sale.

BeOne has a bonus option in place for early bird investors, with individuals who invest during the first three hours of the ICO receiving a 50% discount on the token purchase. After the first allotment, investors stand to get a 20% discount for the following 72 hours.

From all the raised ICO funds, BeOne will invest 50% in marketing, 20% for development, 20% for onboarding instructors and the rest 10% for operating expenses.