Progress Report #4

(17/05/2021–23/05/2021)

Making New Strides

As pioneers of a new model of education — a decentralized and democratized system — we have continued to work behind the scenes to bring our vision to as many people as we can. We did not rest on our laurels since the last time we spoke. We know that the only way forward is, well, Forward; that is why Forward Protocol is proud of the latest strides we have made.

English Forward to be the first to integrate the Forward Protocol

English Forward is an online community of teachers and students, engaged in a symbiotic ecosystem. It is a 19-year-old platform that has seen over 300 million unique visitors in its lifetime. Most of the visitors to the English Forward platform are students from the Asia-Pacific region, especially the developing nations of East Asia. With this demographic, English Forward has already nurtured a large vibrant community that would be the ideal launchpad for a vision like ours at Forward Protocol.

Deployment on the English Forward Platform

As we aim to decentralize and democratize education, we set out to build a framework that incentivizes the transfer of knowledge using blockchain technology. Forward Protocol provides -amongst others — a blockchain reward and incentive framework to education verticals like English Forward.

Forward Platform offers a plethora of benefits to education. Consider this practical example for instance -

Anna, a student from Thailand offers to pay $20 to anyone that helps her review her IELTS sample essay for correctness. Different experts offer solutions to Anna’s problem. She then chooses the most useful solution to her problem. The person that provides the most useful solution according to Anna gets the $20 reward she initially offered. The others also get rewarded for their efforts thanks to Foward’s Protocol’s fractionalized incentive system that rewards everyone involved in the education process.

No effort goes unrewarded! That is what we are working towards here at Forward Protocol. What do you think? Does that sound like something you could get behind?

Forward Protocols runs on five smart contracts to maintain its infrastructure –

- Proof of Value-delivered

- Proof of Value

- Distributed reward/Revenue sharing

- Proof of Ownership

- Initial Knowledge Offering

Each of these proofs works to ensure equitable reward and incentive distribution, as long as learning takes place. That is the Forward Protocol vision and you can read all about it in detail here.

Our Community is Growing

Not to brag, but our hard work is starting to pay off. The Forward Protocol message continues to spread and gather steam as we near our token sale launch. Our Twitter community is now over 6000 members strong, and it will probably be more by the time you read this. Follow us to get the latest information and progress of the platform, blockchain education, and news.