Indonesian company Indomobil is implementing blockchain technology to enhance learning processes and streamline payments, integrating 50,000 students into the system.
Modernizing Payments and Credential Verification
Indonesian schools have historically relied on cash for tuition payments, creating complexities and slow processes. By utilizing SXT tokens and Space and Time's blockchain, payments now occur directly and transparently. Parents can transfer tokens to local schools while students’ achievements are recorded on-chain. The entire payment and course completion process is logged, ensuring accuracy and reliability.
Building a Scalable Education Model
Space and Time processes all transactions, indexing data and making it verifiable in real-time. The Proof of SQL technology ensures that each payment and credential is trustworthy and traceable. Eliminating financial intermediaries and ensuring transparent verification creates a model that can be easily replicated for efficient scaling of education.
Quotes from Key Players
Jusak Kertowidjojo, President of Indomobil, stated: "Our partnership with Space and Time allows us to lead in efficient, transparent, and verifiable education." Nate Holiday, co-founder of Space and Time, added: "Blockchain offers a faster, more inclusive alternative to traditional systems. Every transaction must be trusted, traced, and verified, because the data itself moves value."
The Indomobil and Space and Time project highlights the potential for blockchain technology integration in the education sector, which enhances accessibility and simplifies processes for students and families.
