Woolf introduces personal teacher-student education powered by the blockchain. It allows any students to participate while removing geographical, financial, and other barriers in the current education system.
Key Statistics
Premise
3.5/5 – Fairly Good
Their goal is to allow students to be able to access higher education, which virtually anyone can do as long as they have a smartphone. Blockchains along with the smart contracts will connect and ensure the educational relationship of the students to the teacher. The smart contracts and blockchains allow more job opportunities to open up for educators along with lower cost alternatives for students who want quality education.
They claim they have a first-mover advantage, but I’m not very sure about that because they are not the only blockchain university ICO. There are centralized elements that I couldn’t determine if good or bad until tested. The fact that a particular college will have the right to refuse a professor entrance to the college may be a good or bad thing or perhaps both.
Team
4/5 – Very Good
Woolf’s core team is made up of an influential group of individuals. They have a technology director who was a project manager and did software engineering for things such as Stellar and Etherium. The directors from their core team all hail from the University of Oxford.
They also have a set of experienced advisors who are well versed in cryptocurrency. They boast academic advisors from the University of Oxford. Along with that, they have a significant number of affiliate advisors who come from some of the top universities around the world, such as Kyoto University and University of Leicester.
They have a great set of academic advisors and affiliate advisors as they come from strong educational backgrounds. However, they seem to have a lack of expertise from people with business backgrounds. They have a fair amount of members with technological experience, but they might benefit more from a different group.
Token
3.5/5 – Fairly Good
The Woolf Token, also known as WOOLF, is a Stellar token that will be available throughout the Stellar network. Initially, there will be about four billion tokens available during the token sale, and no more tokens will be produced or removed afterward. Each WOOLF has already been pre-mined.
The Woolf platform is on top of the Stellar platform, but they claim that they aren’t finally committed to any specific blockchain platform as a long-term underlying platform. They emphasize that their underlying code will change as the technology progresses.
During the token sale, you can avail of WOOLF tokens by exchanging them for Stellar Lumens (XLM).
Risk
3/5 – Fair Risk
The risks for Woolf Development seem to be on the lower side. They have an excellent plan for how they want to achieve their goals and is backed up by a lot of educators, particularly people from the University of Oxford. The teachers can select payment stabilization, so they have two methods to stabilize the payments that are made using WOOLF tokens. Overall, it doesn’t raise any red flags.
What may be the issue is the fact that they are not the only blockchain university ICO. However, they did state that they are also not technically an ICO. The ICO factor was more of a way to raise funds as they are a non-profit university to help educators and students get access to more jobs and learning opportunities. This breakthrough idea may be what will help them achieve their goals to be able to establish themselves.
Summary
Very Good
Overall, Woolf Development is a project to look out for at the end of August. They’ll be the pioneers in creating a fully accredited university that is powered by blockchains that allow teachers and students to connect, no matter how far away they are. They have a strong team from multiple backgrounds, a grand vision, and goal, and conveniently use Stellar so that people can easily avail of Woolf tokens.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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Personal teacher-student education
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