Pillars 5 & 6: Corporate Academy and Peer-to-Peer Financial Aid Platforms

The final two platforms of the Expercoin Ecosystem are no less important! They consist of the Corporate Academy and Peer-to-Peer Financial Aid functionalities. The former serves to directly address upskilling enterprise employees while the latter helps many who cannot financially afford to seek out upskilling on their own.

The Corporate Academy

The Corporate Academy Platform is intended to help enterprises onboard and upskill a large number of their employees. It is further intended to provide user management and control over the types of training content available within a company. Companies demand analytics that help them see the ROI on their training dollars. Accordingly, our plan is for Republics with corporate and institutional clients to have access to a Corporate Academy right out of the box. Experfy has developed a number of dashboards after carefully listening to customer feedback from clients such as Cigna and continues to improve these offerings for other Fortune 500s. Once this platform is decentralized through Expercoin, the course ratings from the blockchain will be available to all corporate customers.

Peer-to-Peer Financial Aid

We believe there is a major movement toward peer-to-peer lending and this is great news for struggling students and professionals who want to acquire new skills but lack the financial resources to pay for upskilling. With availability of loans from other members of the community or even course producers, learning need not be deferred because of lack of funding. Out of the box, we intend for each Republic to have the ability to provide a financial aid mechanism. We further believe this facility will differentiate the ecosystem and drive revenue with the use of Expercoin.

How it works:

• Borrower creates a smart contract by creating a new borrowing request.

• Borrower places data on the smart contract, such as the loan amount, premium and co-signatories, if any.

• Lender funds the loan by sending loan amount to the smart contract

• Borrower repays the loan by sending loan amount back and the premium to the smart contract.

• In case of a default, the default is shared across the entire community of lenders, reducing risk.

Expercoin plans to implement a system where underlying issuance, pricing, payment, credit scoring, and origination mechanisms of peer-to-peer lending is abstracted away into a shared, decentralized infrastructure. Accordingly, we believe the Expercoin Ecosystem will enable online borrowers to connect and transact with lenders, free from heavily regulated marketplace lending platforms acting as intermediaries — irrespective of a borrower’s location or access to traditional banking.

This proposed pillar does not currently exist in any shape or form within the existing Experfy infrastructure. It is also the most complex to implement and requires a great deal of thought. As lending protocols for tokenized debt issuance — such the Dharma Protocol and Ripio Credit Network — become available, we may integrate with a third-party protocol to reduce complexity within the Republics infrastructure. Expercoin would provide a seamless experience to all members of its Republics by enabling the use of Expercoin for all transactions.