I recently had a chance to chat with a leading young Indian entrepreneur who’s in the process of developing a new, blockchain-based platform that will open up new avenues for international collaboration and business. This could have a big impact in a number of ways, and these potential impacts are worth exploring.

What Varun Mayya, CEO of Enkidu, is doing with it is an entirely new idea that could revolutionize the way we view business collaboration where time, trust and efficiency are of the utmost of importance in spite of long distances separating collaborators.

“Enkidu is a blockchain-based programmatic payment gateway that automatically divides payments by rules,” says Mayya. Here’s what that means.

There are a number of ways this could impact EdTech, but the biggest overall will be how much easier Enkidu will make it to collaborate profitably across distances. For instance, An EdTech vendor seeking to expand into a new international market could build a contract through the system with a locally-based business development expert, and set up automatic rules so that transactions stemming from said expert’s promotion would be divided into predetermined profit shares.

Entrepreneurship courses could even have hands-on projects for their students to sell something without having to spend thousands of dollars on setting up a company, bank accounts, and more.

Read more about new way to start an EdTech company by Erik Day at Getting Smart.