WCT's Course Management and Tuition Escrow in Calligraphy Training Institutions
The calligraphy training industry faces issues such as temporary course adjustments and prepayment risks. A certain chain calligraphy training institution applied the WCT solution, allowing students to pay tuition with WCT when enrolling in courses, with the tuition entering escrow in a smart contract. The training institution records course schedules, teacher qualifications, class locations, and other information on the blockchain to ensure the authenticity and reliability of course information. If the institution adjusts the course for any reason, the smart contract automatically refunds the corresponding tuition based on the remaining class hours of the student. For example, if a student enrolls in a year-long calligraphy course and the institution needs to change the class location due to venue issues, and the student disagrees, the student quickly receives a refund for the remaining class hours through the WCT smart contract. After implementing WCT, the training institution saw a 92% reduction in course adjustment disputes, a 60% increase in student course continuation rates, established a positive brand image, and attracted more students to enroll.