UK-based tech start-up Education Index has launched the world’s first blockchain-enabled end-to-end student recruitment platform Libereka in India.
The platform lets students receive a blockchain education account where they can store their academic credentials, transcripts, letters of recommendation and English proficiency test scores.
Students will also be eligible to receive guaranteed funding of a minimum $500 once they have secured a successful admit at a university using the Libereka common application system.
“Millions of prospective students around the world currently rely on a patchwork system of application support. This model is inefficient and we are streamlining that process for universities as well as applicants with massive cost implications and high risks for both sides of the higher-education exchange. Libereka makes recruiting students simpler, cheaper and more efficient, freeing up time for universities to focus on what really matters: securing the best and brightest students. For students, Libereka has one simple message – you don’t have to compromise on your higher education dreams ever again,” said Soumik Ganguly, CEO, Education Index.
With the launch of Libereka, students can say goodbye to the old practice of getting multiple transcripts and other documents, notarizing multiple documents, and then sending each set separately to individual universities.
The blockchain account, which will be given free for life to students, will let them add verified or validated certificates and other academic documents as they go through life. This will allow students to apply for jobs showcasing everything at a single place.
The platform will also provide students with preparatory materials including a personalised dashboard to recommend degrees and programmes based on their profile and goals. They can also access free online courses to prepare for university.
The Libereka common application & scholarship system (LCASS) allows students to apply to multiple universities and accept scholarships with only one application form and one set of verified documents on the blockchain, saving students time and money. A portion of the money collected from university access fees through the LCASS system is earmarked for students funding.
The platform also offers an advanced matching tool and works with qualified candidates to generate a guaranteed offer for a degree type at the desired study destination.
Libereka is available to students in the biggest markets for university recruitment including China, Africa, the Middle East, Southeast Asia and the Indian subcontinent.