Sunday 20 May 2018



The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Expercoin, whose main goal is to bridge the gap between those with the know-how and those wanting to learn through the Expercoin Token.
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.
How will this work?
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.
What Problems Does Expercoin solve?
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.[1]
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.[2]
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. [1]
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?
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.

The Expercoin vision is that anyone seeking to make an impact in a particular area of specialization should be able to leverage a mature technology stack and launch a decentralized platform to reinvent both education and work for that specialization. According to Harvard Business School professor Clayton Christensen, half of all American colleges are bound for bankruptcy in the next few decades. By launching a large number of learning platforms and integrating them with relevant work experiences, Expercoin hopes to bring about a meaningful change in an industry facing disruption.
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DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Expercoin campaign project

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