A decentralised crowdfunding platform for learning on credit
The Problem
Over 800+ million adults (15 years+) can't read or write, making it impossible for them to access digital resources or even become a part of the global digital revolution. One of the factors limiting access to education is access to funds to either go to school or even access educational resources to learn.
The Solution EduFund is a platform where you can raise funds to access educational resources online on platforms like learn.dfmlab.com (or any platform that supports crypto payment) or for traditional schools that will support crypto payment. The idea is that there are millions of people in the world today (800 million+ in Africa) who are not educated, do not have access to digital education, and do not have access to funds to access educational/learning resources. They can easily raise funds on the platform; it is as simple as creating a new Facebook profile. An interested learner can start a campaign (a request to raise money for learning), enter the required information, and then submit it for review. For now, the review and approval of a new campaign is done by the DFMlab team. The plan is to create a DAO where professionals in the area of interest can collectively review and approve campaign requests. Once the campaign is published, investors or supporters can fund it with just the click of a button. The amount raised for a campaign is held in a smart contract and is only released to the educator/content creator once the learner completes the learning objective. This helps reduce the possibility of campaign fraud while providing a credit system to access educational materials and content. Through integration, existing learning platforms can provide access to educational content in advance, with the smart contract providing escrow protection. This will protect the learner, the educator, and the investors on the platform. Our platform will;
Make educational funding available.
Reduce campaign and platform fraud, both of which are common in crowdfunding fraud.
Encourage cryptocurrency adoption by implementing a utility-based economy. The DApp can run on blockchains that support smart contracts like:
Celo
Polygon
Near
Solana
Ethereum
Pitch deck Link: https://drive.google.com/file/d/1pbLpWjnHLkVbTbLNiJIkwVwd2ERRFYIs/view?usp=sharing
Contract Address: 0xE82840DFB0CFd82D099847e16BCE3C05B2Edfe79 (https://alfajores-blockscout.celo-testnet.org/address/0xE82840DFB0CFd82D099847e16BCE3C05B2Edfe79/transactions)
Demo Link: https://edufund-lake.vercel.app/