Meten EdtechX Utilizes Blockchain Technology to Revolutionize Education Industry
March 12 2021 - 8:00AM
Meten EdtechX Education Group Ltd. (Nasdaq: METX)
(“Meten EdtechX” or the “Company”), a leading omnichannel
English language training (“ELT”) service provider in China, today
announced its strategy to make full use of blockchain technology in
the education industry. The Company believes that the ongoing
experimentations and innovations of applying blockchain technology
in the education industry are promising.
As a distributed ledger technology, blockchain
promotes consensus since it acts a record-keeping platform. it is
transparent because participants in the chain can download and
validate individual ledgers and it is permanent because those
ledgers cannot be altered. The Company expects to apply these
characteristics to the education sector.
Blockchain technology offers a model for secure
collection and sharing of all competency indicators, including
academic records, credits, badges, certificates, citations, among
others, in the education sector. By utilizing the technology, the
Company can provide students with transparent, credible and
tamper-proof digital certificates to avoid academic dishonesty.
Blockchain technology can also be used to manage, share, and
protect digital content, making it ideal for helping faculties
protect intellectual property. The Company expects its blockchain
technology will be instrumental in avoiding fraud, providing a
trusted means for copyright and digital rights protection.
The Company will focus on accelerating
technological innovation and facilitating digital transformation of
the online education industry. The Company expects to integrate its
internal resources and technical strengths, apply blockchain,
artificial intelligence, 5G and other cutting-edge technologies to
further revolutionize online education, and provide students with
education services.
About Meten EdtechX
Meten EdtechX is a leading ELT service provider
in China, delivering English language and future skills training
for Chinese students and professionals. Through a sophisticated
digital platform and a nationwide network of learning centers, the
Company provides its services under three industry-leading brands:
Meten (adult and junior ELT services), ABC (primarily junior ELT
services) and Likeshuo (online ELT). It offers superior teaching
quality and student satisfaction, which are underpinned by
innovative technology deployed across its business, including
AI-driven centralized teaching and management systems that record
and analyze learning processes in real time.
The Company is committed to improving the
overall English language competence and competitiveness of the
Chinese population to keep abreast of the rapid development of
globalization. Its experienced management is focused on further
developing its digital platform and expanding its network of
learning centers to deliver a continually evolving service
offerings to a growing number of students across China.
For more information, please
visit: https://investor.metenedu-edtechx.com.
Safe Harbor Statement
This announcement contains forward-looking
statements that involve risks and uncertainties. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates” and similar statements. Statements that are not
historical facts, including statements about the Company’s beliefs
and expectations, are forward-looking statements. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the impact of the COVID-19 outbreak, our
ability to attract students without a significant decrease in
course fees; our ability to continue to hire, train and retain
qualified teachers; our ability to maintain and enhance our brands;
our ability to effectively and efficiently manage the expansion of
our school network and successfully execute our growth strategy;
the outcome of ongoing, or any future, litigation or arbitration,
including those relating to copyright and other intellectual
property rights; competition in the English language training
sector in China; changes in our revenues and certain cost or
expense items as a percentage of our revenues; the expected growth
of the Chinese English language training and private education
market; Chinese governmental policies relating to private
educational services and providers of such services; health
epidemics and other outbreaks in China; and general economic
conditions in China. Further information regarding these and other
risks is included in our annual report on Form 20-F and other
documents filed with the Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release and in the
attachments is as of the date of this press release, and the
Company undertakes no duty to update such information, except as
required under applicable law.
For investor and media inquiries, please
contact:
Ascent Investor Relations LLCTina Xiao+1
917-609-0333tina.xiao@ascent-ir.com
BTC Digital (NASDAQ:METX)
Historical Stock Chart
From Mar 2024 to Apr 2024
BTC Digital (NASDAQ:METX)
Historical Stock Chart
From Apr 2023 to Apr 2024