With the explosive growth of the internet and mobile internet, the digitization of educational resources and the ready-made availability of online education have followed. In recent years, the market share of online education has been increasing. Currently, online education institutions provide educational services in a centralized manner. Despite the optimistic outlook on the current situation of online education, there are some major issues that come with this centralized operating mode. Some examples include a lack of fairness in open teaching evaluations, high commission rates of up to 50%, and substandard educational content caused by online education platforms and poorly motivated developers. The value loss caused by these inefficiencies will ultimately be passed on to users. The resulting situation is not ideal for the future growth and development of the online education industry. Education Foundation Limited intends to create the world's first blockchain based decentralized online platform ("Education Platform").This digital cryptocurrency FOE (Future Online Education) is designed to be customized for this platform to support the vision of building a globally dispersed education platform, with a focus on promoting the utilization and provision of educational services, researching and developing educational content, and monitoring and evaluating the quality of teaching for users around the world. The education platform, whose economic system and basic services revolve around it, aims to share global content of online education services. It has the potential to bring students and teachers together in a world within an ecosystem, matching their requirements and abilities based on their individual circumstances. It aims to bridge the gap between culture, country, and language, creating a new and better educational environment.
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