The KnowledgeBit Initiative pegs the cost of Virtual Reality learning modules to the local price of a soft drink to make VR/AR knowledge transfer affordable globally

VIENNA, AT, November 5, 2014 – EON Reality Inc., the world leader in Virtual Reality based knowledge transfer for industry, education, and edutainment, unveiled the KnowledgeBit Initiative as part of the EON Learn for Life Program at the United Nations Industrial Development Organization (UNIDO) Inclusive and Sustainable Industrial Development (ISID) Forum on November 4th in Vienna, Austria. The KnowledgeBit Initiative pegs the price of Virtual Reality learning modules to the local price of a soft drink enabling millions of global users to affordably access EON Reality’s EON Experience Portal, the world’s largest library for Virtual Reality knowledge transfer. See videos from the announcement:

The KnowledgeBit Initiative is based around the world’s first Virtual Reality knowledge currency, the KnowledgeBit. By pegging the KnowledgeBit to the price of a softdrink, a person in Ethiopia can access a carpentry application for twenty seven cents (USD) where as a person in the United States would pay one dollar. This will empower less developed nations to affordably train their citizens as to develop a homegrown industrial base or to attract foreign investment.


Young adults exploring Virtual Reality for Vocational Training

“In pricing Virtual Reality knowledge units on a global sliding scale, we are looking to take this transformative technology to places that need it most,” said Dan Lejerskar, Chairman of EON Reality. “There are millions of potential technicians, medical professionals, and engineers out there; they just need access to the right learning tools. This process, I feel, will truly show how powerful Virtual Reality is and its effects will reshape our world.”

The KnowledgeBit will not only help individuals across the world secure affordable Augmented or Virtual Reality knowledge transfer, but to facilitate the creation of new learning units and training modules. A KnowledgeBit buys one full VR/AR knowledge application which corresponds to one learning lab or environment, such as a chemistry lab or anatomy lesson. Initially, this program will only be available on a large scale to countries, regional governments, and organizations who will then pass KnowledgeBits on to people who need them.


Children from Indonesia during an EON Reality visit to their city

“The EON Learn for Life program was established to help bring the power of Augmented and Virtual Reality based learning to those that need it most,” said Dan Lejerskar. “KnowledgeBits help us do that by commoditizing knowledge and giving people around the world the chance to affordably participate in the global economy. Virtual Reality’s ability to speed knowledge transfer by up to twelve times is a huge boon for regions that desperately need additional skilled labor.”

EON Reality’s global development network will play a key role in the development of the KnowledgeBit Initiative as resources from around the world will continue to contribute to the EON Experience Portal, the world’s largest library for Virtual Reality knowledge transfer. KnowledgeBits will be made available to large organizations and governments on November 15th.

About UNIDO
The United Nations Industrial Development Organization (UNIDO) is a specialized agency of the United Nations that works towards improving the quality of life of the world’s poor by helping countries achieve sustainable industrial development. UNIDO views industrial development as a means of creating employment and income in order to overcome poverty. It helps developing countries produce goods they can trade on the global market, and helps provide the tools — training, technology, and investment — to make them competitive. At the same time, it encourages production processes that will neither harm the environment nor place too heavy a burden on a country’s limited energy resources.

About EON Reality
EON Reality, Inc. is the world leader in Virtual Reality based knowledge transfer for industry, education, and edutainment. EON Reality provides state-of-the-art 3D display technology for immersive and stereoscopic viewing, from portable tablet PCs and glass free stereo display systems to curved-screen and immersive rooms consisting of multi-channel projection walls. The technology foundation for developing interactive digital content includes importing the most common 3D animation formats into EON’s authoring software and creating modules and applications that can be viewed on various display systems. EON’s technology solutions enable all organizations to more effectively visually communicate, collaborate and accelerate knowledge transfer. For further information, visit www.eonreality.com.

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