Watch out oldies, the schools of the future are on their way – to a social networking site in your lounge room.

A new service, Elgg, has developed an open source social networking platform that is targeted directly at the education market. As reported at Wired, the service allows users to create their own personal learning environment, complete with feeds from blogs and social bookmarking sites.

An exciting development is that, more than just knocking off the likes of Blackboard, Elgg is being looked at by a variety of businesses as a way of introducing SN as part of their operations.