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Eric Loit is the managing director of the E$P Project, a blockchain initiative focused on reducing organizational and payment costs in the education sector, particularly in developing countries like Vietnam. The project is also involved in the renewable energy and solar sectors.
1Interview
2021First on the show
Jul 2021Latest appearance
21 minOn camera
20:42
Latest interview · Jul 13, 2021Eric Loit on E$P Project's work in education and energyWatch the episode →
In their own words
“Our initial target is actually in Vietnam and the reason for that is it's a fair sized country over 90 million people about 21 million students.”
Key points from the latest interview
- ESP Project developed a digital platform for education that connects parents, teachers, and students while enabling payments through an internal utility token.
- The platform targets unbanked populations in developing countries by leveraging mobile wallets instead of traditional banking infrastructure.
- Vietnam is the initial market focus due to its 21 million students, innovative culture, and abundance of private schools willing to adopt new technology.
- ESP's token economy allows content consumers to earn tokens through ad exposure and spend them on educational content, potentially making content free.
- The platform aims to reduce transaction costs to approximately one cup of coffee per student annually through off-chain or sidechain technology.