With the explosive growth of the Internet and mobile Internet, the digitization of educational resources and the availability of online education follow. In recent years, the market share of online education has been increasing. Currently, online education institutions provide educational services in a centralized manner. Despite an optimistic outlook on the current state of online education, this centralized mode of operation comes with some major problems. Some examples include lack of impartiality in open teaching evaluations, exorbitant commission rates of up to 50%, substandard educational content by online education platforms and developers with poor motivation. The value loss caused by these inefficiencies will eventually be passed on to users. The resulting situation is not ideal for the future growth and development of the online education industry. Educational Foundation Limited intends to create the world's first blockchain-based decentralized online ("Educational Platform").
This digital cryptocurrency FOE (Future Online Education, education currency) is designed to be tailored for this platform to support the vision of building a global decentralized education platform, focusing on promoting the utilization and provision of educational services, research and development of educational content , as well as the monitoring and evaluation of the teaching quality of users around the world. The educational platform, the economic system and basic services of this platform revolve around it, aiming to share the globalization of online educational service content. It has the potential to bring students and teachers together in a world of ecosystems that match their requirements and abilities according to their individual specifics. It aims to bridge cultures, countries and languages ​​to create a new and better educational environment.