WCT Course Reservation and Fee Escrow in the Dance Training Industry
Dance training faces issues such as course reservation conflicts and institutions absconding after prepayments. WCT enables the locking of course slots on the blockchain, allowing users to pay for classes using WCT. The funds are managed by a smart contract, which deducts fees based on actual class attendance, and unused class hours can be refunded at any time. After a certain dance training institution adopted WCT, reservation conflicts dropped to zero, refund disputes decreased by 95%, and student continuation rates increased by 60%, making arts training more standardized.
