Expercoin has announced the launch of skill-based economies that leverage the blockchain to support upskilling, assessments, mentorships and peer-to-peer financial aid. The underlying technology was pioneered by Experfy in the Harvard Innovation Lab, and the company won the Gartner Cool Vendor award in Data Science and Machine Learning in 2017. Having built an AI-powered platform that combines work and upskilling for Fortune 500s, the Experfy team is now launching Expercoin, which will decentralize its technology stack through a new corporate entity.
Expercoin co-founder, Sarabjot Kaur remarked: “According to McKinsey, 850 million people in just seven countries are either unemployed or underemployed and the culprit is our educational system that needs serious reform. As the world moves toward a skills-based economy and automation eats away traditional jobs, the Expercoin protocol would enable continuous upskilling by creating dynamic learning paths and simulated apprenticeships using AI. Combining skills-based education with hands-on work would usher a highly trained workforce for an increasingly digital world.”