H Network intends to create and foster a wholesome ecosystem for major, real-world, dayto-day applications of crypto-currencies in various spheres of life by developing platforms in every major business realm. The first platform that H Network is trying to develop is aimed at ‘Worldwide Education Business’ that will accelerate the process of the virtual entering the mainstream in a substantial manner. It will utilize its Education Arm, H Education World, to develop such a platform. The number of students crossing international borders for better educational opportunities is at an all-time high and Online Education is spreading its wings at an amazing pace. More than $5.5 Trillion are spent around the world every year on payment of school and college fees, on books and other educational material, on college application fees, on qualifying exams like SAT and GMAT, on Online Educational Courses, on Educational Software, on private coaching, and on several other accounts. H Education World’s platform will aim at cutting into that pie for a substantial piece. Various reports suggest that the market will grow to $6.5 Trillion by 2025. Our aim is to corner at least a 1% (One Percent) share in the market by then, or, in other words, annual gross revenue of more than $65 Billion, and a 4% (Five Percent) share, or, in other words, annual gross revenue of almost $300 Billion by the year 2030. The use of HCoins will allow students to reduce a bit of their financial burden by doing away with financial charges for international payments related to application fees and tuition fees to colleges for international students. However, that is only the smaller incentive. The real incentives will be tied to the discounts offered on sale of study material, sale of books, sale of educational software, enrolment in Online Courses, fee for international exams that will be conducted by H Education World, and tuition fees for
H Education World various educational institutions set up by H Education World. Students are the future and the least technologically-challenged demographic. By making HCoin the most used currency by students, we will be giving a huge boost to the assimilation and acceptance of cryptocurrencies in the real world by creating a preference over fiat currencies. H Education World would create a widespread yet tightly-knit network by creating benefits for all stakeholders. While it would be savings on financial charges and discounts on everything available on the platform, educational institutions and prospective employers would benefit from our ‘Blockchain-secured’ database of student transcripts, mark-sheets, degrees, certificates, and recommendations issued by any institutional or individual entity forming a part of H Education World. The database would be accessible to such entities to allow them to verify details on a student’s application for admission or internship or employment albeit upon approval from the student. H Education World would gradually build up the platform to include a full-fledged ‘Placement Arm’ and the database would expand to include detailed employment histories of candidates as obtained from partner institutions and organisations.
In this paper, we will explain how HCoins will become integral to the H Education World Platform and will become a must-have for every school, college, and university student across the world before expanding its application over to other platforms being developed by H Network to cater to sectors like Banking, Transportation, Real Estate, and others.