A CryptoStandard Score of 7.8 and a Stable+ outlook are assigned to ODEM (ICO starts on 17 Feb 2018).
We believe that there is great potential for ODEM to acquire new prestigious university partners for customization in the long run. The savings in tuition fees also immediately incentivize students to use ODEM. Overall, we are positive about the after-market performance.
ODEM envisions to become a decentralised marketplace for educators to list classes and students to procure them. The proposed platform aims to solve several pain points of the education industry. The challenges include rigid curriculum of universities, exponential increases in tuition fees and limits of online education.
To tackle the challenges, ODEM aims to build a platform that enables students and professors to interact directly and participate in the exchange of education and learning without the involvement of intermediaries, which makes the courses more affordable and accessible to a broader audience. It also allows students to seamlessly interact with educators and to seize the opportunity in accessing custom-designed courses and education programs. Students can use ODEM to search for curricula that meet their needs.
The removal of intermediaries creates a win-win-win situation for educators, students and service providers. These programs would enable significant cost savings and do not have the bottleneck that exists in the most elite universities. According to ODEM, the platform enables an interactive education market that can aggregate student demand for specific course subjects, market professors’ offerings, safely make conditional pre-commitments, and handle payments and disbursements when service criteria are met. Cost efficiency is better achieved.
However, there are several key risk factors. First, there is limited community engagement from Facebook and Twitter which shows that public awareness of ODEM could be a key issue to address. Also, some of the ICO distribution details are missing, including the lock-up condition. The unclear roadmap and lack of prototype create concerns for the reliability of the project.
Overall, our team is optimistic about ODEM’s performance in the short-run as the reduction of costs drives up market demand. Yet, the extent of cost reduction cannot be estimated. The long-run performance would depend on the number of partnering universities and machine learning capability which allows a higher degree of customization thus profitability of ODEM.
Read more at: https://cryptostandard.io/ico/odem/
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