Switzerland-based ODEM sold more than 100 million ODEM Tokens in its crowdsale that ended March 19.

Tuesday, 03 April 2018

ODEM, creator of the world’s first On-Demand Education Marketplace, is pleased to announce formation of a strategic partnership with Rivetz, a provider of hardware-based digital security technology.

ODEM and Rivetz will work together to provide students, educators and suppliers of services to ODEM’s blockchain-based platform with superior security solutions.

“I’m excited about the opportunity to deploy Rivetz technology on the ODEM Platform,” says Richard Maaghul, chief executive officer of ODEM. “Ensuring platform-wide security is part of the ODEM vision of using blockchain technology to empower students and educators.”

Rivetz, recognizing the importance of ensuring user confidence in consumer and machine-to-machine digital transactions, provides technological security solutions that use hardware-based trusted execution technology to protect digital assets.

"We are excited to work with ODEM on delivering their users provable hardware-based multi-factor authentication or multi-sig and secure display of transaction details,” said Steve Sprague, CEO of Rivetz. “Through our cybersecurity tools, we will be leveraging a modern model in which the devices will play a crucial role for all users of the ODEM platform.”

Switzerland-based ODEM sold more than 100 million ODEM Tokens in its crowdsale that ended March 19. Proceeds from the sale will be used to fund ongoing development of the blockchain-based ODEM Platform. A beta version of the education marketplace is scheduled for completion in the first half of this year.

ODEM is developing its platform to streamline the logistics of organizing and delivering short-and-medium-term academic experiences that have traditionally been plagued by inefficiencies. Blockchain technology also underpins the creation of the ODEM Token, an exchangeable digital token.

KPMG is ODEM’s legal advisor while SICOS (Lux) S.C.S. has provided ODEM with advice and counsel on the crowdsale and its structure.

For more information please see: ODEM.IO. Or join the ODEM conversation on Telegram. Additionally, please contact Alexa Narma, Sr. Director, Product and Marketing at alexa@odem.io or press@odem.io. Tel: +1 (424) 327-5682
Via Balestra 6
6830 Chiasso, Switzerland

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About Richard Maaghul and ODEM:

Richard Maaghul is the CEO of the world’s first decentralised educational marketplace, ODEM. He is a seasoned Silicon Valley entrepreneur with more than two decades of direct experience in emerging-and-disruptive technologies. In addition to co-founding ODEM partner Excelorators Inc, Richard has delivered strategic solutions to Chevron Corp and other corporations.

As the Founder and CEO of ODEM, Richard is committed to using blockchain technology to expand student access to affordable, high-quality education and incentivize educators to evolve academic programs through the development of the ODEM platform.

Please see the explainer video here.

ODEM has an exceptional advisory board, with KPMG Switzerland, SICOS and BlockScience supporting the initiative. ODEM, which aspires to be the Airbnb of international education, is partnering with Cambridge, Massachusetts-based Excelorators Inc in the design and rollout of the ODEM Platform.

Excelorators, established in 2012, has existing relationships with more than 200 professors and lecturers who are set to become early adopters. It has proved that the business model used by ODEM is successful. Over the next 12 months, ODEM and Excelorators expect to generate $10million sales as they transition Excelorators' customer base into a beta version of the ODEM Platform.