ODEM Activates Smart Contracts on the Ethereum Blockchain

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VILNIUS, Lithuania, Sept. 20, 2018 /PRNewswire/ -- ODEM, creator of the world's first On-Demand Education Marketplace, is pleased to announce the successful activation of smart contracts on the Ethereum Blockchain in support of the ODEM Platform.

Dr. Adel ElMessiry, ODEM's Chief Technology Mentor, completed the deployment of the contracts today at a live event at the #SWITCH! Conference in Vilnius, Lithuania. As an audience of mostly students looked on, Antanas Guoga, the Lithuanian representative to the European Parliament, received the first blockchain-based educational certificate to be generated by the ODEM Platform.

"Today's activation is a powerful endorsement of our project's technical viability," said Dr. ElMessiry. "I'm really pleased with the progress we've achieved toward making the ODEM Platform a reality."

Smart contract activation is a final step in testing interaction between the InterPlanetary Filing System (IPFS) and the Ethereum Blockchain, pillars of the ODEM Platform. Deployment of the smart contracts follows the recent achievement of several significant milestones and achievements on ODEM's road to full activation of the Platform in early 2019. Those accomplishments include:

• Third-party testing and auditing of the DApp (decentralized application).
• ODEM Cloud integration with mainnet smart contracts.
• Quality assurance for viewing of educational certificates.

Successful independent auditing and testing of smart contracts provides evidence of the viability and security of the ODEM Platform, an education portal designed to help students overcome the challenges they face in getting a great education. Integration testing of the Cloud with the mainnet smart contracts is critical to ensuring system security. Authentication of educational certificates for viewing outside of the platform establishes the successful interaction of the IPFS and the Ethereum Blockchain.

ODEM, based in Zug, Switzerland, is a global leader in addressing the hurdles that students encounter in gaining a higher education. The ODEM Platform is a collaborative, decentralized portal to empower students to engage with top academics to create exceptional educational experiences at a reasonable cost.

#Switch! is the largest non-profit networking conference in the Baltic States centered on entrepreneurship, information, communication and technology. More than 15,000 participants are expected at the conference for speeches and discussions focused on blockchain technology, initial coin offerings, artificial intelligence and cyber security.

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Alexa Narma,
Sr. Director, Product and Marketing
[email protected]
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SOURCE ODEM.IO

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