Emerging Trends in Machine Learning, Data Science, and Internet of Things (Part 2)

Decentralized Marketplace for Educators Leveraging Blockchain Technology for Transparent and Secure Content Monetization

Author(s): Priya Shelke*, Komal Bhole, Mayank Chordiya, Lalit Choudhary, Suruchi Dedgaonkar and Chaitali Shewale

Pp: 136-150 (15)

DOI: 10.2174/9798898815165126010012

* (Excluding Mailing and Handling)

Abstract

The digitalization of education has transformed the landscape, offering educators new opportunities to disseminate knowledge and monetize their content. However, centralized platforms prevalent in the industry often present challenges such as exorbitant fees, opacity in revenue distribution, and inadequate protection of intellectual property rights. To address these issues, this paper proposes the development of a decentralized marketplace tailored for educators, leveraging blockchain technology. This marketplace endeavors to furnish educators with a transparent, secure, and efficient platform for disseminating and monetizing educational content. By harnessing the power of smart contracts and the InterPlanetary File System (IPFS), the proposed system aims to automate content management, streamline royalty payments, and establish robust licensing agreements, thereby ensuring equitable compensation for educators and unfettered access for learners. This paper presents a comprehensive exploration of the design and implementation of a decentralized marketplace, closely aligned with the architectural principles outlined in the provided IET sample paper on blockchain. Through meticulous attention to detail and adherence to the prescribed template, this research endeavors to illuminate the transformative potential of decentralized technologies in revolutionizing the educational landscape.


Keywords: Blockchain technology, Content monetization, Decentralized marketplace, Education, Efficiency, Intellectual property rights, InterPlanetary File System (IPFS), Security, Smart contracts, Transparency.