What is Expercoin?
46 months into Experfy’s success, the founders came together again to create Expercoin Republics — a decentralized extension to Experfy’s growing platform.
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.
What is Experfy?
Harvard-incubated Experfy, Inc 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. 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. These new proposed operationalized communities are called “Republics” and are intended to exist within an ecosystem of decentralized marketplaces that are powered by AI and blockchain.
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.
Matter experts can then seek “citizenship” in each Republic to create learning experiences, source jobs, and/or provide services. Once an expert has established a profile of work experiences and learning accomplishments, he or she may also contribute to other Republics. For instance, an expert who has created an interactive game or a course for the “Republic of AI in Cardiology” may want to pursue a freelancing project in the “Republic of Healthcare Professionals.”
The Ethereum blockchain will provide 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.
All together, these Republics will form the Expercoin Ecosystem, which derives its name from the “multi-utility” token, the “Expercoin.” This cryptocurrency token is an ERC-223 token, which enables it to be used by apps, platforms, marketplaces and programs across all Republics to reward contributors, developers and participants. The “cross-border” commerce within virtual Republics and with institutions that are outside the Expercoin Ecosystem will help bring Expercoin into greater circulation.
