EXPERCOIN - Protocol for Learning Economies and Markets driven by Artificial Intelligence
Hello to all readers of my blog. Today I would like to present to your attention an overview of another very promising campaign. Go.
WHAT IS EXPERCOIN?
Whether or not you are a “tech person,” Expercoin is for you. The decentralized platform serves to bridge the gap between those with the know-how and those wanting to learn. Simply put: its mission is to pair the resources of the upskilling platform Experfy with innovative blockchain technology to revolutionize the way we approach education.
The Expercoin Ecosystem is organized into learning communities called Republics. While each Republic is highly specialized and unique, they all share a common, six-pillar core. The Learning Marketplace is one of such pillars; it lists all of the learning experiences designed for the Republic. The Learning Marketplace currently exists as an essential component of Experfy’s platform and will be decentralized to accommodate the Expercoin Ecosystem.
With technology incubated at the Harvard Innovation Lab, Expercoin is a new protocol for launching markets powered by Artificial Intelligence. Expercoin aims to build one of the world's largest decentralised networks of markets, the Republics, with a strategy to promote learning and create jobs for the digital economy. With Experfy's infrastructure, trusted by Fortune 500 companies and developed by AI and Blockchain, anyone can create a specialized community with markets.
Expercoin has been established to help introduce cryptocurrencies into the online education market. It is a platform for everyone to build their own Republic. The republic here means an organization. The ecosystem will help you facilitate organizations by teaching your employees and hiring freelancers. In this way, an entire community will form a market driven by the AI where different courses will be given. Teachers will be allowed to index their courses as well as build their own shop. For disadvantaged students, the new system helps them borrow money from other members of the community.
MISSION AND VISION
Harvard-incubated Experfy runs an AI-focused community of 30,000 data scientists to help Fortune 500s mentor and upskill their employees and also hire expert freelancers on-demand. Witnessing a growth in demand for its platform, Experfy seeks to exponentially expand the impact of its business vision. However, rather than add new specializations to its existing platform, Experfy plans on decentralizing its technology by and through Expercoin, Inc with the goal of allowing anyone to launch a new community with its own marketplace instantly. Expercoin consists of a protocol layer and front-end applications for users to build highly flexible autonomous organizations known as Republics. These new decentralized marketplaces empower communities and institutions with an out of the box solution that doesn’t require software development skills. A non-technical person or any organization can now launch a highly customized Republic and start generating revenue.
Anyone can launch a Republic. For instance, there can be a “Republic of Smart Manufacturing,” “Republic of Nanotechnology,” “Republic of Blockchain in Finance,” “Republic of Architectural Design,” “Republic of French Learning,” etc. Blockchain provides the backbone for the governance of Republics, while they are operationalized using smart contracts, open protocols, APIs, front-end libraries, learning content, and subject matter experts.
HOW IT WORKS
Each Expercoin Republic will act like a quazi-state, and consist of a specialized learning community housed in an accessible, digital platform.
As with a state, a Republic is intended to be formed with a charter. A Republic’s charter is implemented to advance learning and create jobs relevant to the digital economy. For instance, there can be a “Republic of Smart Manufacturing,” “Republic of Nanotechnology,” “Republic of Blockchain in Finance,” “Republic of Augmented Reality,” “Republic of Cloud Computing,” etc.
Learning marketplace
The Experfy Job Market has been designed as a platform that brings together companies with certain advisory needs and thousands of experts to provide services. The Labor Market offers services to companies ranging from Fortune 500 companies to small start-ups.
Labour market
The current Experfy Jobs Marketplace is designed as a platform that brings together companies with specific consulting needs and hundreds of experts to provide services. The Labor Market serves businesses ranging from Fortune 500 to small start-ups. This technology received the Gartner "Cool Vendor" award in 2017. Transactions, from the definition of milestones to the hiring of experts on a time and material basis, will be accounted for in a distributed general ledger, allowing the community to verify transactions in the event of a dispute.
Evaluation Platform
Identifying gaps is a prerequisite for skills training. Experfy has dedicated itself to developing a comprehensive assessment system to set a benchmark for an applicant's level of qualification. Experfy's automatic learning algorithms, based on the availability of data for each candidate, are capable of building dynamic training paths to recommend a highly customized curriculum adapted to each individual's learning objectives.
Peer-to-peer financing
There is a growing trend towards peer lending and this is great news for students and professionals with problems who want to acquire new skills but do not have the financial resources to pay for the improvement of their skills. When other members of the community or even the producers of curricula provide loans, there is no need to postpone learning due to lack of funds. From the outset, each Republic will have the capacity to provide a financial assistance mechanism, once this functionality is implemented. This tool will differentiate the ecosystem and generate income with the use of Expercoin.
Corporate Academy
The purpose of the Corporate Academy is now to help companies incorporate and develop a large number of their employees. This solution gives users the option to manage and control the types of training content available in an enterprise. For companies, it is necessary to carry out analyses that allow them to see the ROI of their investment in training. Republics with a corporate and institutional clientele will have access to a Corporate Academy from the outset. Experfy has prepared a series of dashboards after listening carefully to customer feedback and continues to improve these offerings for Fortune 500 customers.
Mentor Platform
This platform is designed with a flexible typology in four dimensions: Industry; Business Function; Technical Function; and Technology and Tools. Each Expercoin Republic can customize this typology and also heal its own expert mentors who will provide tutoring, interview workshops, resume review and office hours to students in training. Mentors will be paid at Expercoin in exchange for their services and will be exposed to the employment history of each mentor so that they can understand the depth of their professional experience. In the descriptors you can obtain information such as professional experience and education to the extent permitted by the LinkedIn API or entered manually.
WHAT PROBLEMS DOES EXPERCION?
Expercoin builds upon Experfy’s vision by using blockchain technology to address cracks in the traditional education-to-employment system.
Technological growth is outpacing the rate at which some institutions are adapting. Experfy addresses this problem with respect to education; its platform brings together learning experiences and work opportunities surrounding emerging technologies. Now, Expercoin seeks to scale its predecessor’s platform to alter the way we approach education and work with the goal of closing gaps in the traditional education-to-employment system.
What are the problems with the traditional education-to-employment system?
High-levels of unemployment and underemployment: According to McKinsey, in countries around the world, 30 to 45 percent of the working-age population is unemployed, inactive in the workforce, or working only part-time. In the United States, the United Kingdom, Germany, Japan, India, Brazil, and China, this amounts to 850 million people.
Shortage of people with critical job skills: Paradoxically, there is a growing scarcity of critical skills at the same time. In a survey conducted across nine countries, only 43 percent of employers agreed that they could find enough skilled entry-level workers. This problem is only getting worse. By 2020 there will be a global shortfall of 85 million high- and middle-skilled workers.
Changing nature of work requires continuous upskilling: With advancements in technologies like AI, entire occupations and industries are being transformed at an alarming pace, and the skills needed to keep up in almost any job are churning at a faster rate. Average human knowledge is doubling every 13 months, and IBM predicts that in the next couple of years, the volume of information will double every 11 hours.
Online talent platforms serve as clearinghouses that can inject new momentum into job markets. By 2025, they could add $2.7 trillion, or 2.0 percent, to global GDP and increase employment by 72 million full-time-equivalent positions.
Clearly, there is a disconnect between school curricula, the critical skills demanded by employers and the manner in which people perform work. There is a need to bring together education in its various forms (courses, assessments and mentorship) with hands-on work opportunities (internships, gigs and jobs) using a talent platform. So what is the solution?
Expercoin.
To foster an ecosystem that is open, decentralized and highly scalable, Experfy believes it must create a series of new products, services, and systems. However, building a decentralized system is a complex process, and the transition to it must be done in a responsible manner over time. The Expercoin Ecosystem will establish a new protocol that will allow individuals and organizations to create and launch new marketplaces for different areas of specialization.
Educators serious about preparing students to enter the workforce; employers scrambling to upskill their employees; and experts dissatisfied with 9–5 work regimes are all beginning to recognize the limitations of slow-moving centralized organizations. These organizations are operating on learning and employment models that were devised over a hundred years ago. The future of education and work is clear. Education will be skills-based — employers care little about degrees — while work will be increasingly distributed and performed by teams of specialized experts from around the globe.
ABOUT THE TOKEN
ROADMAP
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ADVISORS
You can find out more about the platform or participate in their sales crowd through the following links:
Author: Feryperrot
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