Monday 18 December 2017

Knowledge.io Will Leverage Blockchain Technology to Create A “Proof of Knowledge”

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Knowledge.io is staying true to the Blockchain’s history of monetizing economically-valuable assets and pseudo-assets by providing experts an extra means of earning money for sharing their specialized knowledge with the world.

This is a unique and innovative way to incentivize knowledge sharing as current online platforms that do the same, such as Quora and Answer.com, only crowdsource information from those who happen to be willing to volunteer their know-how to inquisitive minds.

Rewarding Knowledgeable People in the Real World

Employers and industries certainly value their employees’ knowledge– this is becoming increasingly clear in a sweeping change to the way national economies are looking at the intangible asset of knowledge, be it in the form of knowledge-based sectors down to the so-called catchphrase of “human capital”.

For a long time, traditional education avenues have formed the basic measure of knowledge. From pre-school certificates to high school diplomas, moving on to higher or tertiary education represented by college and university degrees, the practical quantification of what people know has always been through a piece of paper. And the quality depends solely on the reputation and prestige of the certificate’s issuing body; this inevitably leads to problems arising within this system that have been left unaddressed.

The Problems of Knowledge Qualifications

Firstly, there are different standards to which these qualifications are issued, often at the discretion of the issuing bodies. With no real way for anyone to verify if the person possessing a degree truly has attained that level of knowledge – or even the details of that knowledge, it is often difficult to extrapolate any useful information about that person’s actual understanding of their selected field of study. If a group of people graduating from the same year all have the same qualification, the only way to go deeper is to request for grades, which can be a lengthy and cumbersome process.

Secondly, as the quality of education is attached to reputation and prestige of the issuing institution, the cost of pursuing education there is significantly higher. In fact, the cost of higher education is increasing worldwide, anyway, and students are forced into higher debts each year. British students ran up study debts of $55,000 in 2016, up from only $20,000 five years ago. American students recorded an average of $35,000 last year, up 6% from 2015.

What this means is that, those who can’t afford quality education may never own a degree – and never be able to prove the knowledge they have!

Proving Knowledge.io’s Mission

Within the Knowledge platform, users validate each other’s knowledge and expertise, earning Knowledge tokens as a monetary reward for the information they provide. All this is validated through “gamified learning” – or learning centered around designed-incentives that motivate users to continuously engage the platform – and verification of expertise through objective measures.

The measures are determined by the Knowledge Score technology, which will be used to assign values to each participant, objectively evaluating their levels of knowledge across a range of topics. Complemented by vast, proprietary data sets available through its partnerships and a base of over 10 million questions across a topic spectrum, the possibilities are virtually limitless to generate a continuous supply of Questions and Answers.

Thanks to blockchain innovation, a user’s learning is validated, tracked and record permanently in a public, immutable ledger over the course of their life. Thus, Knowledge.io provides students the ability to both pay their own way through school and demonstrate their knowledge through their accumulated contributions to the platform as they are recorded on the blockchain.

Nudging Experts in the Right Direction with Knowledge Tokens

Knowledge.io has its conceptual origins in the recognition, rewarding and celebration of knowledge. It assumes that all knowledge is valuable not only to the individual that possesses it but to the society that benefits from interacting with that knowledge.

The platform centres around gamified interaction between all knowledge stakeholders from creators such as students and users, to sharers such as educators, and to consumers such as employers and industries. This model of incentivization will both attempt to accurately assess and measure the quality of knowledge shared as well as advance any information that creates value for all of society.

The Knowledge.io platform plans to launch its crowdsale campaign with a pre-sale on 15 January, 2018. The ICO will fund the ongoing development and rollout of the platform.

10% of the total Knowledge Token supply (25 million) will be made available during the pre-sale, while a further 20% (50 million) will be put up for sale during the main public ICO to be announced at a later date.

To find out more, visit Knowledge.io’s Official Website – http://knowledge.io/

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source https://cryptocurrencyonline.co/knowledge-io-will-leverage-blockchain-technology-to-create-a-proof-of-knowledge/

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