NTOK is a decentralized platform connect between tutors and students learn at blockchain. The growth of the world tutoring is changed from offline being online because the internet has become simple and easy. NTOK is abbreviated Tutor Ninja Tokens, which is the platform of NTOK, i.e. tutor and student.
Help from blockchain make all of the platforms become very transparent. Because blockchain has a function as a note taker an execution which will automatically update the hash that will generate a tx can be accessed by the public to access the detail transactions or execution on a great book. Blockchain believed to be future technology which now is being examined by many countries because of the system that can be used in a variety of aspects.
Implementation of blockchain on platfrom NTOK will facilitate the prospective students online to be able to find out how the real price without any hidden funds by someone. Because of corruption, can not move when that platform using blockchain. NTOK Token will have the most important role in the platform NTOK, because NTOK Token to be used as a medium of peer to peer payments which could also be used to measure income from a tutor or content creators.
Solutions and features of NTOK
NTOK will give some special roads that can be applied to the platform NTOK, so students and tutors will be easier in the activity through NTOK platform.
The current tutoring market lacks innovation as
— Most courses are offline and students have to spend much time traveling;
— Middlemen such as commercial schools and study centers take significant fees;
— Some tutors, who offer distance learning, use Skype that does not cover many functions for educational purposes;
— To find a tutor with rare skills is often a challenge;
— Students choose teachers on the basis of unreliable and sometimes fake reviews;
— Talents in some cases or on specific markets may not have a chance to find and acquire skills and knowledge or to raise funding to do this.
Market overview
1.Tutoring is considered to be one of the greatest education segments in monetary value terms. While in many other segments it is often difficult to persuade people that they need to pay for educational services or content, in the tutoring market everyone intuitively understands that they need to pay tutors for teaching. In addition, most people have had some experience of studying with a tutor.
2.It is one of the oldest education segments and frequently the first resource that the students seek out when they want to learn something.
3.Tutoring exists both offline and online. Currently largely offline, it is poised for accelerated migration into online tutoring, stimulating major interest from educational technology investors.
Problems with the tutoring market
1.Most courses are offline with students spending hours traveling to classes
2.Unbalanced supply of tutors by courses and prices
3. Middlemen (commercial schools and study centers) charge significant markups
4.The small percentage of tutors who do already work online are mostly forced to teach via Skype, which is unsuited to educational purposes.
5.Students choose teachers on the basis of unreliable ratings with some ratings being “fake”.
- The NTOK team has already had an experience and a working business model in the online tutoring segment of EdTech
- The new product version is being developed on the blockchain technology
- The NTOK token economics is based on a steady increase of demand for Skill-Hours of ecosystem users
- An NTOK blockchain ecosystem test is expected in April 2018
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