Over five million (5M) combined subscribers await benefits of the synergism between INK Protocol and English Forward after both signed a Memorandum of Undertaking (MOU) just this June 2019.
The MOU between the two trendsetters in crypto space recognizes their common vision and commitment to serve their distinct yet common communities. The vision is mass adoption of the blockchain platforms of their specific initiatives.
Both have been effective at achieving viral engagement as they have been operating for almost a decade as reputable enterprises. Through joining both of their loyal communities, a faster building up of initial momentum is expected.
Ink Protocol is a decentralized reputation and payment protocol powered by the Ethereum blockchain and XNK, an ERC20 compatible token. Through its technology, it allows for trusted peer-to-peer transactions on any platform.
The Replin app allows buyers and sellers to make and receive payment for items on third-party marketplaces like Craigslist, Facebook Marketplace, OfferUp, and more.
Sellers can accept payment with Replin and build their reputation. Buyers can check a seller’s reputation before buying and also leave feedback once a transaction is complete.
Ink Protocol has a current supply of 500,000,000 XNK with 319,550,282 XNK in circulation.
English Forward Ltd. launched since 17 years ago a Q&A and community platform with all the features and functions needed to function within the English language atmosphere and language protocol, and soon to incorporate a peer to peer marketplace, language school leads service, English language jobs board, tutoring functionality, and a token economy, on the blockchain system.
Potential of the Synergistic Relationship
Good English is a critical tool, and learning it through the English Forward platform gives critical leverage to tap into new opportunities at home and abroad. A recent survey revealed almost two billion (1.4b) adults globally open to taking an English language course, boosting the market for adult providers.
The adult English language training market worth in excess of twenty- eight billion ($28b) and forecast to grow by eighty percent (80%) over the next five (5) years. This falls alongside the World Economic Forum survey which forecasted that ten percent (10%) of global GDP will be stored on blockchain by 2027.
Multiple governments have published reports on the potential implications of blockchain, and the past two (2) years alone have seen more than half a million new publications on and almost four million (3.7M) Google search results for blockchain.
Forecasts suggest that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over twenty-three billion US dollars ($23.3B) in size by 2023.
Both English Forward and Ink Protocol recognize that there is sufficient synergy between the two companies to warrant a collaboration, one that will benefit both communities and be of value to each other as they grow in the crypto and blockchain space.