Coinsilium Group Limited (AQSE:COIN) announced that it has been engaged by online education platform operator Tutellus Technologies SL to advise on the development of a blockchain-based platform in advance of its upcoming Token Generation Event.
The NEX-listed blockchain venture builder and investment company said in a statement that it would assist Tutellus with the transition from a centralised platform to a decentralised model built on the blockchain protocol.
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Tutellus, one of the leading online education platform operators in the Spanish-speaking world, wants to establish its own Tutellus (TUT) token-based ecosystem to create a decentralised educational platform with the token as a medium of exchange.
It has been operating a centralised collaborative online educational platform, matching students with teachers since 2013.
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The new model, Coinsillium said, will allow Tutellus to offer new opportunities and add value to multiple stakeholders and users.
Eddy Travia, Coinsilium’s chief executive, said: "Having already established themselves as a leading educational platform throughout Latin America, Tutellus are well-placed to leverage their position beyond their current market reach with the aim to become a major global player in the multi-billion dollar online education industry."