Indomobil Group, one of Indonesia's largest companies, in collaboration with Space and Time, is launching a new educational portal. This project will allow students to verify their qualifications and pay for educational courses using blockchain technology.
Educational Initiative from Indomobil
The collaboration between Indomobil and Space and Time aims to develop an educational portal that can serve up to 50,000 Indonesian students. Under the program, students will be able to use SXT Chain tokens to pay for courses.
Benefits of Blockchain Technology in Education
Using blockchain for payment of educational services allows for process simplification and increased transparency. Notably, Indonesia ranks third in the world for cryptocurrency popularity, making the integration of blockchain technologies increasingly relevant.
Impact on Educational Access in Indonesia
The country has a high percentage of unbanked population and a significant number of individuals lacking access to banking, complicating youth's entry into higher education. The launch of this portal will help eliminate many intermediaries and make the payment process more accessible.
The new educational project from Indomobil and Space and Time represents a significant advancement in access to education for Indonesian students. The use of blockchain could improve both payment processes and transparency in the education system.
