Introducing ONGAESHI:
A Platform That Solves Fundraising's Free-Rider and Transparency Challenges
ONGAESHI offers a transformative approach to education funding through its Decentralized Autonomous Organization (DAO), utilizing Web3 technologies to address transparency and free-rider issues inherent in the traditional systems.
Growing Demand for Highly Skilled Talents
Rapid technological evolution is increasing
the demand for skilled talents
79K
Number of IT Talent Shortage by 2030 in Japan(1)
97M
Number of Jobs
created by 2025
(World Economic Forum)
Financial Burden for Skill Development
Labour supply is inadequate due to the
high cost of reskilling
80%
feel the burden of student loans(2)
51%
give up reskilling due to monetary issues(3)
The platform introduces a “Solidarity Contribution for Human Resource Development” inspired by FIFA’s solidarity mechanism. It encourages investment in human capital by rewarding sponsors with governance tokens when the talents they support achieve employment success. The use of blockchain allows for visible, traceable contributions and incentives, ensuring a fair distribution of rewards and enhancing trust among participants.
By integrating smart contracts and NFTs, ONGAESHI not only simplifies the transaction process but also secures and automates the distribution of funds and rewards, offering a robust solution for the sustainable development of global education and social innovation.
Here's how the ONGAESHI DAO works:
Three key parties interact to facilitate educational funding: Investors, Educational Institutions, and Students.
Investors support students by purchasing NFTs, which act as funding tokens. ONGAESHI creates and manages these NFTs for educational institutions.
1. Investment
2. NFT
These NFTs fund the students’ education, ensuring full transparency and traceability of all transactions on the blockchain.
4. If Student Succeeds
- ONGAESHI goes through:
- 1. Partial 1st year salary
- 2. Partial comission fee
If students secure a job through ONGAESHI’s support, they repay investors with a portion of their first-year salary or a hiring commission. This process is automated through smart contracts, ensuring transparent and secure transactions.
This system not only provides investors with a potential financial return but also creates a sustainable funding model. By reinvesting returns, ONGAESHI can continue supporting future students in their educational journeys.
Go to ONGAESHI Website
Explore More
Introduction Page
Incentivization Issue Page
Transparency Issue Page
- (1) "The Ministry of Economy, Trade and Industry, IPA DX White Paper 2021.
- (2) Association for the Promotion of Public Interest. (2023). Web-based survey of 1,000 working adults in their 20s and 30s currently repaying scholarships, conducted by the Adele Future Creation Fund, August 21-24.
- (3) IGS. (2022). Web-based survey of 360 working adults in their 20s and 30s who feel the need to improve their digital skills but are not working on it, December 19-21.
Fukuhara Masahiro Research Seminar 2024
For any inquiries, please E-mail fukuharazemi@gmail.com