The world’s first blockchain enabled end-to-end international student recruitment platform launches today. Tech startup, Education Index, is redefining the university student recruitment process and saving fees for both institutions and students.

On the platform, students receive a blockchain education account where they store their academic credentials, transcripts, letters of recommendation and English proficiency test scores.

Libereka also gives students preparatory materials including a personalised dashboard to recommend degrees and programs based on their profile and goals. They can also access free online courses to prepare for university.

Soumik Ganguly, CEO of Education Index states, “Millions of prospective students around the world currently rely on a patchwork system of application support. This model is inefficient and we are streamlining that process for universities as well as applicants. Libereka makes recruiting students simpler, cheaper and more efficient, freeing up time for universities to focus on what really matters: securing the best and brightest students.”

The Libereka Common Application & Scholarship System (LCASS) allows students to apply to multiple universities, and accept scholarships, with only one application form and one set of verified documents on the blockchain, saving students time and money. Libereka offers an advanced matching tool and works with qualified candidates to generate a guaranteed offer for a degree type at a desired study destination.

A portion of the money collected from university access fees through the LCASS system is earmarked for students funding. Each student using the platform is guaranteed funding (a minimum of $500) from that pool to pay for the costs of their studies abroad. For the first time, universities can contribute scholarship money risk free, and for each student who does not accept an offer they get their contribution back. Libereka significantly reduces the costs of student recruitment for admissions teams by reducing the time and effort spent on verification, documentation and making admissions offers.

Libereka is available to students in the biggest markets for university recruitment, including China, Africa, the Middle East, Southeast Asia and the Indian subcontinent. Approximately five million university students study abroad each year. Of these, 40% use agencies to aid their application and the remaining 60% use multiple resources, such as publications, to prepare their university application.

Universities buy edCoins©, used to offer scholarships to applicants on the blockchain using smart contracts, a computer code built into the blockchain to facilitate, verify or negotiate a contract agreement.

When the candidate enrolls at university and pays the first year’s fees, verified through Libereka, the edCoin© is automatically unlocked. This eliminates the risk of universities losing money on candidate acquisition. Unused edCoins© are refunded back to universities.

On graduation, universities can grant students academic credentials on the blockchain, making academic credentialing more transparent and efficient. Students can refer back to Libereka when preparing for the job market, as the credentials on their blockchain accounts can also be used to apply for jobs. Currently, many graduates have to physically scan their results when applying for a job, and universities and employers pay third-parties to verify students’ academic credentials. Libereka eliminates these verification costs.

Company Contact:
Soumik Ganguly
CEO, Education Index
sganguly@educationindex.ru +447708938310

About Education Index
Education Index Ltd. is a UK-based start-up aiming to improve access to higher education for millions of students globally. The senior team is comprised of London Business School alumni Yana Drapkina, Leonardo Uehara and Soumik Ganguly. Partners include: Kaplan Pathways, Shorelight, Study Group, INTO, Navitas, ApplyBoard, and On-Campus.

For more information and resources refer to our help page:
https://help.libereka.com/en/