This is the 2nd part of a short 3 piece series, where a co-founder of BitDegree, Danielius Stasiulis, shares his views on why Blockchain will reinvent Education.

BitDegree aims to solve the FUD problem in the education system. In fact, the time is finally right to build the solution.

Blockchain technology is essential to the success of BitDegree. It is not just a minor feature. It is the game-changing part of the BitDegree platform architecture that will enable us to transform the online education space in the long-term.

Blockchain-based token incentives will serve as the engine for the dynamic relationships creation between learners, educators and employers. These individual relationships will stack-up in ways currently not possible and not-imagined to create new structures of self-organizing online education. In this way, BitDegree will harness the power of the community to create the best-maintained educational space online, like Wikipedia did it for the knowledge at large. However, in addition to the Wikipedia’s model, BitDegree will create tangible economic incentives for the stakeholders to contribute and share value created.

The principle benefits of blockchain to BitDegree:

Shared upside. Token economy enables the co-creation of value. A virtuous cycle where the more users and content BitDegree has, the more valuable the tokens become. This is an incentive to contribute. Token model encourages the community to participate and rewards for helping others, tutoring them, mentoring on forums, answering questions, creating new courses, etc. Decentralization. The community of token owners (employers, educators and learners) lead decisions on what to teach on the platform. BitDegree acts as a light moderator. Token incentives enable gamification. Adding incentives to the online courses can transform the entire learning experience into an engaging game. Transparent and immutable records. The blockchain can store information about learners, educators, and employers performance. Students can easily identify the best educators; employers can identify the best learners, and educators have access to comprehensive stats about the best performing topics across the BitDegree platform. Restriction-less global access. Blockchain goes beyond borders and state-owned institutions, enabling a truly democratic, global transfer of value.

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