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Showing posts from December, 2016

educoin - the digital currency of learning

Imagine having a wallet, call it eduwallet, on a public ledger where your learning is recorded in multiples of 'one hour learning record' called edublock. The ledger is powered by blockchain, same technology that powers bitcoin. Then, what would be the equivalent of bitcoin in the education space? Let us call it educoin – a collection of karma i.e. individual learning experiences, where every learning-experience is a karma.

The public ledger with edublocks will enable everyone to receive credit from anyone. Similar to bitcoin, this will be beyond the boundaries of institutions, schools and universities. So, the formal learning institutions will, sooner or later, embrace the technology and will need to adapt to the new emerging models. All learning will become recordable and measurable in the public domain.

Educoin will radically decentralize education and make it more transparent and learner centric. As we see with bitcoin, there is no central authority, no goverment, no ban…