Conversation: Redefining The Solution.
- Colin Colley
- Jun 30, 2018
- 2 min read
Does the Education industry need a reformat?
While walking home to follow-up on a scheduled phone interview with a collaborator – A problem solver for IBM – I engaged a potential end user to converse, she was an estimated 55 year old nurse. After mentioning I was an entrepreneur, I asked her if she would be interested in watching a medical team live stream, while performing their duties to learn by example, she exclaimed “yes!” Do you know Blockchain? She responded with “I’ve heard about it”. Education will be democratized, as the eLearning industry is expanding, only <1% learns online. The integration of blockchain technology is only in it’s infancy on existing platforms.
Compellingly, I offered “wouldn’t it be nice to accumulate early capital while live streaming your development stages as an entrepreneur or vice-versa? Have you heard about Data-currency? Another, “That would be awesome! Yes I have.” What if you could throughput data as an exchange, or while learning via streams on our platform you earn cryptocurrency overtime? She smiled, raised her eyebrows, and then responded “Yeah it would have been great if I could have earned cash to accumulate funds while I completed my degree through the university”. By transmuting the average data into something tangibly viable and offering reimbursement she would have reason to be engaged and willing to participate. We’ve all seen online surveys offering something for excessive amounts of time spent, and your personal data; where did it go?
But I digress, as the last answer was enough for us to know, not just societal and educational necessity being met, but overall solution I offered her situation because she would expontentially gain value by learning from industry wizards. Next, I mentioned “Would you watch an expert in their studios, or for example, a young CEO or founder in the midst of it, and support them as a collaborator by subscribing? And start investing in crypto?, it wasn’t just a yes this time, “That’s a fantastic idea, and I would love to take advantage!”
My concept was budding with positive feedback evermore. Not only did I extract value – as knowledge is a currency – but I left her with the impression that someone’s trying to fix the education industry and implement cornerstone innovation. I offered solution to her historical and present day problems; evidently, she would sprint to use our platform. She could be earning a currency of the future, tangibly increasing value for her data, have evidence as to what it was used for, and enjoy the learning process.
“The average student loan debt is $37,000 in the United States and $55,000 in the United Kingdom; even students in Sweden, where tuition is free, leave with an average debt of about $20,000.” Excerpt from this link:
Here are a few statistics and opinions from Canadian graduates and students:
“77% of Canadian graduates have regrets about student debt: poll”
The state of data as a currency is in now the present.
“The products and applications we use, the places we go, the messages we send and the calls we make all represent millions of 1s and 0s streaming into the Internet of Things: an interconnected web of devices that send and receive data. In fact, almost everything we do these
days creates some sort of data.”
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