Bitdegree - Get paid to Study

Have you ever considered how expensive education is? Millions of people throughout the world are in debt because of student loans. It is estimated that in the US alone, the student loan debt is hovering around $1.45 trillion! That is a staggering amount and it is about $600 billion higher than credit card debt in the US. Obviously, from these figures, it shows that education is very important to a lot of people and they are willing to go into serious debt to acquire knowledge.

After Graduation

One would think after spending so much money to get an education, companies will be queuing up to grab the graduates. Well, not so much. It is true that a college degree improves the prospects of employment and the chances of getting a higher salary for an individual, but about 1 in 40 graduates are not employed. There are many reasons for that statistic but one of the reasons is lack of specific skills. Colleges do not adequately prepare students for the work environment. After graduation, a lot of students have to do volunteer work to gain the necessary skills to be fit for employment. It doesn't seem fair that a person spends four years earning a degree and still is not skilled enough to be employed.
The tech industry is booming and there are more tech jobs available than skilled personnel can meet the demand. Companies are spending millions of dollars to recruit top talent.

Introducing Bitdegree

BitDegree is world’s first blockchain-powered, smart-incentives based online education platform
which will revolutionize global education and tech recruiting

Their purpose is to allow students to acquire the skills that are currently required by the job market and they do so by offering students online courses with a clear and transparent blockchain-based reward system and achievement tracking. Companies who are seeking tech talent will sponsor students to take courses that are relevant and students will be incentivized to complete the courses through the issuance of tokens offered by the sponsoring companies as scholarship. This is a win-win situation for both parties, students are paid for their studies, and companies get to recruit skilled labor without spending thousands of dollars.

We see BitDegree as a unique tool for business to recruit tech talent and shape global education to its
needs through smart-incentives. National government Job centers will be able to track the demand for
skills without having to involve scrupulous report gatherings from businesses and also help jobless
citizens by subsidizing studies for skills on high demand. Think about it as Coursera and HackerRank
merged together, powered by blockchain technology.

Companies will be able to get the tokens from third parties and then offer those tokens as incentives for students and students will be able to exchange those tokens for services and e-products offered by the third parties. They may buy hosting services from platforms like Hostinger who are most likely to be one of the first to accept Bitdegree tokens as a form of payment.

The course materials and learning process will be made interactive and in a highly engaging way by following field-proven gamification methods. Students will be able to communicate with other students and course mentors, to pose questions, and seek for more detailed explanations. All course material and progress assessment will be divided into small chunks in order to enable short-term effort in the reward cycle.

I find this to be very effective because students will be able to understand deeper and retain the knowledge for longer periods as they interact with other peers, helping each other to understand the material.

I have read the white paper and it is solid. It explains thoroughly their objectives and what they are set out to do. This will be one of the best online education portals and for those that are forever learning, I encourage you to put this in your portfolio. Their team is huge and they have some of the world's great advisors like Jeff Burton, a serial entrepreneur and co-founder of Electronic Arts and they are headed by the CEO ANDRIUS PUTNA who is a Tech Wiz with 11 years of experience in the Tech industry. The tokens will be open for crowdsale from the 1st of December. Visit their website for more details.