Forward Protocol Litepaper

Reforming and Redefining Education

Changing How the World Learns

Forward Protocol delivers the blockchain solution that connects the EdTech sector. Its modular architecture and ready-to-deploy fully customizable smart contracts are optimized for any learning platform to adopt blockchain technology. DeEd (Decentralized Education) has infinite possibilities to change learning worldwide. Our “earn as you learn” model rewards participation and excellence in learners, motivating them to learn new skills or knowledge while earning tokens.
The protocol has a modular design, so any organization or application in the education space can choose the module that suits their platform’s operation. The organizations define the parameters for deployment, but Forward Protocol sets the stage for Decentralized Education (DeEd).

Execution Key Points

    1.
    EdTech entities are focused on the education process and are not inherently familiar with blockchain technology. The high barrier to entry created by lack of technical know-how, research, development and deployment time, as well as the financial considerations, severely limit access for EdTech entities into the blockchain space.
    2.
    Smaller education platforms - tutors, blogs, teachers, etc. - are increasingly contributing more content to the education and learning space. While international educational companies have the resources to outspend and outstrip smaller operations in the fight for market share, the latter often have a greater level of versatility and on-the-spot intuitiveness. They need customizable and easy to deploy blockchain tools to make their products more reliable, competitive, and offer greater value.
    3.
    Larger education platforms are funding research projects and giving grants to explore and define applications for blockchain in the education space. There is an opportunity to support development for specific faculties on top of an open-source DeEd platform and contribute to global educational reform.
    4.
    There is a need to provide ready-to-use open-source products that ease entry into the blockchain space for educational companies and expedite blockchain adoption in education.

Architecture

Forward Protocol can be deployed in any EVM-compatible blockchain. We chose Ethereum because it is the most decentralized blockchain after Bitcoin with a large engaged community. Polygon will be used as the Layer 2 solution.

The Forward Ecosystem

    Forward Protocol
      Forward Factory
        Proof of Value-Delivered (PoVD)
        Proof of Value (PoV)
        Distributed Reward and Revenue Sharing (DRRS)
        Proof of Ownership (PoO)
        Initial Knowledge Offering (IKO)
      Forward ID
      Forward Pay
    Tokens & Staking
      FORWARD (Forward Token - Utility)
      FUSD (Forward USD - Stable)
      Staking & LP Contracts
      Governance
    Applications
      Q&A Section
      Course Marketplace
      Freelancing Marketplace
      Crowdsourced-Freelancing Marketplace
      And other open-source applications
    Forward Chain
      Forward Explorer
      Forward Bridge
      Multiple Consensus
    Forward SDK

Go-To-Market Strategy

Forward Protocol relies on an efficient marketing strategy using a B2B model to attract more users. The objective is to onboard various applications, partners, websites, and so on to adopt Forward Protocol.
The approach for market penetration is two-fold:
    1.
    Top-down (Tier 1 universities and learning institutions, as well as government educational bodies)
    2.
    Bottom-up (Tier 2 platforms, smaller-scale coaches and authors, marketplaces, etc.)
We plan to begin onboarding Tier 2 partners and small to mid-sized EdTech apps before extending operations to Tier 1 users as we grow. We are currently in talks with a few governments and institutions.
The first platform building on Forward Protocol is English Forward.
EnglishForward.com is a 19 years old Q&A platform and the largest English Learning community on the internet, with 310+ million unique visitors served.

Connectivity to other Educational Platforms

While Forward Protocol is fully decentralized, the platforms integrating it can utilize a semi-centralized model to improve usability for non-crypto platforms (as adoption is the priority). This strategy is similar to how centralized exchanges onboard new users.
Forward Protocol is designed and will be developed to support broad-scale integration to any knowledge-based website and platform, including:
    Online education websites
    Course Marketplaces - Udemy/Khan Academy/Schools/Universities
    Freelancing Marketplace - Upwork/Advisory/Clarity
    Knowledge sharing and Q&A forums (such as Quora)
    Informational websites, blogs, and professional knowledge-sharing community sites
    Websites and platforms of mentors
    Trainers and advisors and marketplaces (such as Upwork and Fiverr)
    Job recruiters, companies, and websites (such as Monster.com)
    Tutor recruitment websites (such as Preply and iTalki)
    Content management systems of universities and colleges
    Assignment systems of schools and higher education institutes
    Individuals who create courses (teachers, coaches, authors)
    Informational training programs like Antony Robbins, etc.

Revenue Streams

There are two primary revenue streams:
    1.
    Every transaction on the Forward Chain attracts a fee, which will be paid using $FORWARD tokens (Once Forward Chain is live on mainnet).
    2.
    There will be a percentage of fees for all smart contract services. For example, suppose someone uses an escrow service with the Proof of Value Delivered model. In that case, Forward Protocol will charge a small fee for all transactions (decided on each independent use case and volume metrics). Each of the five smart contracts will have a “fee,” which will act as a scalable-revenue model as more integration partners join, each with its growing user base.
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Last modified 1mo ago