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Rabu, 27 Desember 2017

BitDegree : Revolutionizing Global Education with Blockchain



The world's first blockchain-powered online education platform with token scholarships & tech talent acquisition.

The BitDegree platform will offer students the best online courses with a clear and transparent blockchain based reward system and achievement tracking. It is also a unique tool for businesses to recruit tech talent and shape global education to their needs. Think of it as Coursera and HackerRank merged together, powered by the decentralized blockchain technology.


SCOPE OF THE PROBLEM

When we first started to analyze reasons behind and difficulties of hiring tech talent, we looked for
possible solutions and then wondered who else would benefit from the approach in which we would
take to address the problem. We then incorporated those parties to synthesize new problem scope
and tried to find the solution to newly defined problem. As in any of those exploratory endeavors,
one must not forget to limit the problem scope to minimum, and to look for solutions providing
maximum benefits to parties involved. We settled on a very small group of parties that are benefiting
greatly from synergetic solution.
  1. Employers looking for tech talent 
  2. Service provider looking for educated customers
  3. People seeking knowledge and digital economy based employment
  4. Synthesis of the problem worth solving

BITDEGREE: IT IS ALL ABOUT EDUCATION

We are proposing a digital incentivized studying platform as a new tool to grow the global tech talent
pool. Companies in need oftech talent will provide financial incentives to students willing to participate in training courses and to develop their skills. Companies seeking to get people familiar with newly introduced technology or services, will provide financial incentives to students willing to spend time to learn and to try the company’s offerings. By providing incentives, any company explicitly signals the demand for certain qualifications, or informs about knowledge and skills needed to effectively use newly introduced technology/products/services. People looking for new opportunities will learn new technologies, develop practical skills in demand, and get familiar with existing technological solutions provided by solution providers. Job seekers will enroll to subsidized courses to get more knowledge and to develop skills within selected technology topic. The course materials and learning process will be made interactive and in a highly engaging way by following field-proven gamification methods. Students will be able to communicate with other students and course mentors, to pose questions, and seek for more detailed explanations. All course material and progress assessment will be divided to small chunks in order to enable short-term effort in the reward cycle. In addition to subsidized course material, each student showing learning progress will be rewarded with platform Tokens. Companies providing incentives will be able to get in touch with students enrolled in subsidized courses, and possibly offer employment positions for good performers. Companies, offering to accept Tokens for services, will allow students to deepen newly acquired skills, while using commercial services offerings. Students will also be able to exchange Tokens on exchange platforms. The BitDegree platform will register progress of each student, and will provide ways the students can prove they overcome the challenge of developing and applying skills to solve problems. BitDegree will rely on Ethereum platform to enable incentives scheme and to store transparent record of all achievements made by students
 The proposed BitDegree education model


TOKEN CYCLE AND BENEFITS TO PARTIES INVOLVED

Token Flow
Sponsors are the main economic fuel for sustainable BitDegree economy. The economic incentive
for Sponsors to buy BitDegree tokens is the targeted platform for the employer branding and
recruitment of tech talent. Corporate and private employers, HR companies, government and nongovernment organizations, other talent acquisition and talent growth structures/agents will be buying tokens to initiate, fund and create courses, establish scholarships and other rewards targeting exact topics and areas of study. For the spent tokens, Sponsors will be able find, train and recruit talent. Digital service providers, who want to familiarize users with their products, would buy tokens to sponsor the students willing to spend time to learn the products offered. By providing sponsorship
to BitDegree platform and accepting BitDegree tokens IAAS/SAAS and other digital service providers will be able to attract freshly minted technology power users. The BitDegree platform will spend tokens to incentivize students, content providers, assessors, mentors and to cover marketing and other operational expenses.

Content providers, assessors and mentors will receive compensation (in a form of tokens) for their
contributions to the platform and for helping to organize educational process. We anticipate most of
the compensations received will be sold in token markets.
People looking for new opportunities or jobs will study on the platform. Students will receive tokens
as rewards for choosing to study topics in demand and for continuing to show learning progress in a form of tokens. Good performers are likely to receive offers to join sponsoring companies. Students
may also accept offers to familiarize themselves with services provided by digital service providers
for a fee (in a form of tokens). Students will be exchanging tokens for the services and products of
digital service providers, spend tokens on the BitDegree.org platform (for premium or non-sponsored
courses, funding of courses on topics of interest, etc.) and exchange tokens to fiat on token markets.

The amount spent by a U.S. company to fill an open position approaches 4,000 USD and the entire
recruitment market is over 200 billion USD worldwide. We do not doubt the fungibility of t h e
BitDegree Token.

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