Cryptocurrency market has been rapidly growing for the last few years. According to the CoinMarketcap portal data, cryprocurrency market capitalization at the end of 2017 amounted to about $600 billion. Although, the price of individual crypto-currencies is subject to significant fluctuations, crypto market capitalization in general has been constantly growing. Also, it is important to remember, that blockchain technology, the basis for cryptocurrencies, is still far from perfect and keeps developing. However, one thing we can be absolutely sure of: cryptocurrencies, as well as blockchain technology, are firmly embedded in our life, and this technology has tremendous potential.
Despite the fact that blockchain technology and cryptocurrencies are still relatively new and underdeveloped, there are many attempts to integrate them into various projects, Many experts agree that the crypto-currencies and blockchain technology will take the leading position on the market in general.
Here are some of the advantages of using cryptocurrency and blockchain technology:
•crypto payments are becoming more and more popular
•payments are easy to make
•low minimum payment threshold
no restrictions on the number of transactions
•payments can be made significantly faster
•the concept of transparency and fair play
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.
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.
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.
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.
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. 
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.
For more information please visit:
Facebook : https://web.facebook.com/Expercoin
Blog : https://medium.com/expercoin
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1925101
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