The UBAI project solves the problem of data verification using its own blockchain network. Educational and career records, achievements, honours will be safely stored and easily verifiable in every country. Both employers and employees benefit from the decrease of the scoring transaction costs. Moreover, educational system and official authorities gain valuable Big Data statistics on the short and long term academic efficiency. Analysing Big Data allows improvement of educational technique, better adaptation for market needs that in turn results in faster social growth and development.
UBAI project is the first institution to adopt such verification system. We plan to cooperate with world’s best and most renowned universities.Moving from strategy to tactics, our team has analysed its own experience and the market data and identified several issues on the educational market.
Firstly,current rapid development of the cryptocurrency industry has created significant demand on different blockchain specialists, that cannot be fully met by labor market due to the lack of institutions, that would provide required education. UBAI university satisfies the need, starting with our contribution of unique experience in the blockchain sphere and innermost knowledge. Educational process has already been launched with some techniques being practiced in Asia, that in general has led to a distinct understanding of what should be done in order to capture the market.
Secondly, the ordinary investor possesses limited information about the market. Economic theory proved that the reduction of information cost and barriers leads to the increase of investments. This is the main idea behind our media resource unicoin.tv. It exploits hybrid-intelligence analysis system technology and allows to see a full picture of the mood of the crypto market. In addition, investment reports with high-quality insights will be available for community.
Thirdly, the distance between academic institutions and companies should be shortened. We launched Career Development Center to offer employment to students directly after the successful completion of the course. On the one hand, it serves as an additional incentive for people to participate in our courses and to perform perfectly. On the other hand, companies’ applications for specialists are satisfied faster.
Fourthly, modern education gradually goes online. Understanding its benefits, we do not only offer UBAIcourses online, but also have created the platform for broadcasting online conferences with the international leaders in blockchain industry. That will have a great social impact, spreading the information and raising social awareness of the market trends.
Problems faced by educational content consumers
•Non-transparency of the diploma authentication system. There is no diploma authentication system in the world that guarantees professionalism and competence of an employee. A candidate has to spend additional resources to prove his competences, skills and knowledge. The current system is extremely non-transparent! It is really hard to check the authenticity of the diploma or qualification certificate. Many people forge the academic results, their former achievements and work experience.
Problems faced by educational content consumers
•Non-transparency of the diploma authentication system. There is no diploma authentication system in the world that guarantees professionalism and competence of an employee. A candidate has to spend additional resources to prove his competences, skills and knowledge. The current system is extremely non-transparent! It is really hard to check the authenticity of the diploma or qualification certificate. Many people forge the academic results, their former achievements and work experience.
•Weak practical component of the learning process in classical universities The current educationalprocess at university is focused on studying the theory. Students have no time for full-time employment and thus have to gain practical knowledge by themselves using various ways that are usually not very effective.
•The lack of credible educational projects in the field of blockchain technology There are no reliable opportunities to learn blockchain technology and the fields, where it is used on the market. Classical universities provide scarce amount of courses about new technologies. Moreover, curricula in universities do not match business needs due to low flexibility and slow adaptation
Problems faced by beginning investors
•Low level of financial knowledge and competence for investing The investor may not have the required competence for making investment in cryptocurrency markets. Many people make investments irrationally, relying on their emotions.
•The lack of reliable source of information about blockchain and crypto It is very difficult to find the actual and reliable source of information, with blockchain knowledge library. The industry is just born, that is why there is no big choice of knowledge data bases.
•High cost of specialized conferences attendance There are a lot of useful conferences in the world. Community members can communicate with international industry leaders who are drivers of new technologies and trends. However, the prices for the conferences are high, not taking into account the expenses for transportation and accommodation.
Market Review
The rapid increase of blockchain technology and digital assets’ popularity has attracted the attention of the community, investors and companies that are planning to use the technology. Every day new market participants appear. The players plan to apply the technology to their own purposes or invest in various cryptocurrency projects. Active interest in blockchain technology can be observed from the real sector companies, banks and government. Blockchain can significantly increase company efficiency and reduce operational costs. Currently blockchain is hardly used in solving real problems, especially problems that are related to educational system, verification and labor.According to the reports of analytical agency ‘’Market&Markets’’ market size of solutions based on blockchain technology is expected to grow to 23.3 $ billion by 2023.
This upward trend on the scheme emphasises the importance of understanding the basic principles of technology. Blockchain is coming to our lives and it is significant to be able to work with the technology. Digitalisation of economic landscape causes many professions to disappear. According to research by Oxford, more than 700 occupations will vanish in the nearest future. According to PWC estimations 20 percent of jobs in Japan and Asian region is at a high risk of automation
The University of Blockchain and Investing
The University of Blockchain and Investing (UBAI) is an educational ecosystem, which comprises 6 interoperable elements :
Global Verification System
Aiming at the elimination of the current market problem of overwhelming amount of counterfeit diplomas, we have just started the development of Global Verification System. It will be formed on distributed ledger that will store all records on educational processes, anchored with time stamps and digital signatures of academic institutions. Although data is not publicly accessible by default, each person can manage access to his/her own records, allowing employers and other institutions to verify his/her education, skills, achievements and experience. Such system has no distinguished analogues. Although some institutions advance from email validations on a case by case basis to partially automated verifications, they are nonetheless not interoperable and limited to interaction with this certain institution.
UBAI is significantly different from competitors both in technical and in positioning aspects. We address a bunch of industries related to blockchain and IT and provide superior infrastructure,including various payment methods along with PoS with bonuses for cold stakes. Online education market is rapidly developing and there are already some strong players, but we have chosen the free niche and focused on it. At the moment, we have all required knowledge and instruments to succeed
Aiming at the elimination of the current market problem of overwhelming amount of counterfeit diplomas, we have just started the development of Global Verification System. It will be formed on distributed ledger that will store all records on educational processes, anchored with time stamps and digital signatures of academic institutions. Although data is not publicly accessible by default, each person can manage access to his/her own records, allowing employers and other institutions to verify his/her education, skills, achievements and experience. Such system has no distinguished analogues. Although some institutions advance from email validations on a case by case basis to partially automated verifications, they are nonetheless not interoperable and limited to interaction with this certain institution.
Competitive Analysis
UBAI is significantly different from competitors both in technical and in positioning aspects. We address a bunch of industries related to blockchain and IT and provide superior infrastructure,including various payment methods along with PoS with bonuses for cold stakes. Online education market is rapidly developing and there are already some strong players, but we have chosen the free niche and focused on it. At the moment, we have all required knowledge and instruments to succeed
UBAI Token
UBAI tokens are issued for internal and external payments of the UBAI ecosystem and are deeply integrated into the system to ensure maximum trade flow — as the number of agents using the system grows, the value of any cryptocurrency usually increases. UBAI token was designed as an instrument, that provides additional benefits for its use in internal payments and various incentives to hold them. Community members who own tokens can express faith and support to the project by participating in stability assurance of the platform by token holding and supporting the development.
Token Sale
Token Sale will be conducted to achieve the following goals:
•Entering the UBAI token into circulation
•Raising funds for development of last elements of the ecosystem: GVS blockchain and Big Data Storage, for the advertising campaigns to promote the ecosystem around the world and applications for educational licenses
•Formation of a community and users' attraction
The funds raised will be used to further develop the ecosystem elements and blockchain, extension of developers team, financing the marketing and legal expenses connected with obtaining licenses .
For more Information :
Website : https://www.ubai.co/
Whitepaper : https://ico.ubai.co/whitepaper.pdf
Facebook : https://www.facebook.com/UBAI.Blockchain
Telegram : https://t.me/ubaiuniversity
Authors : Tellysa
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