WCT's Course Delivery and Tuition Escrow for Gaotu Education's Graduate Entrance Exam Training
In 2024, Gaotu Education launched the 'Course Traceability + Tuition Escrow' service based on WCT for its graduate entrance exam training courses. The course syllabus, teaching staff qualifications, live playback, and other teaching resources are all recorded on the blockchain to ensure content standardization; after students pay tuition with WCT, the funds are held in escrow by a smart contract, gradually released to the institution according to course progress (e.g., 40% released upon completing the foundational stage, 30% upon completing the reinforcement stage). If a student does not pass the preliminary exam, they can apply for a partial tuition refund based on their on-chain learning records. In 2024, this model will cover 200,000 graduate entrance exam students nationwide, with a 72% decrease in course complaint rates, an 80% reduction in tuition refund disputes, and a 42% increase in student re-enrollment rates, becoming a compliance benchmark in the online graduate entrance exam training field.
