Forward Protocol “Reforming and Redefining Education With Blockchain”
The Forward platform presents a major opportunity to revolutionize the education and skill acquisition market, as well as the job market.
Forward Protocol aims to democratize education by reforming and redefining the existing education relationship with blockchain technology. This goal is achievable by creating a framework that incentivizes the transfer of knowledge between experts and learners, or teachers and students.
WHAT ARE THE CHALLENGE THAT FORWARD PTOCOL CAN SOLVE?
Forward Protocol aims to solve the problem of connecting a billion learners with experts through a self-actualizing structure that allows them to access a world-class education.
Solving this fundamental problem creates an opportunity to increase the quality of knowledge transfer at a local level to solve real-time issues like climate change, agricultural issues, energy issues, financial issues, business problems, etc. The snowball effect is evident in innovation facilitated by connecting experts to solution seekers across segments.
- The solution that removes the problem and offers the opportunity is a blockchain-based knowledge protocol. It provides a democratized education opportunity by rewarding participation and motivating excellence with an “earn as you learn” model for both learners and experts or teachers.
Forward Protocol will enable the possibility of a digital education facilitated by experts to support that transfer of knowledge needed to complete this goal.
Forward Protocol creates a framework that can coexist with the existing education system:
● Teachers can teach from any part of the world
● Students can learn from any part of the world
● Students can choose to attend a school or learn from their homes.
● Age is not a yardstick for learning – 40 years old students can share the “classroom” with
10-year olds.
● Schools, universities, and learning institutions become education facilitation centres
● The teachers may not be in the schools physically. They are teaching the students
remotely because they are the experts. The teachers in the schools may become the
facilitators, connecting with and developing the students’ EQ, enabling the students for
the best results through the experts’ instructions.
● An expert teaching remotely can easily reach every city and town.
● Students will learn irrespective of their location and age in a credit-oriented system.
FORWARD PROTOCOL ARCHITECTURE
The 5 Core Models
1. Proof of Value-Delivered can be use to:
● Marketplaces
● Freelancers
● Hiring Interns
● Crowd-Freelancing
● Tutors
“Proof of Value-Delivered” is a smart contract that says, “You do this, and then you get the
reward (eg. money) from completing the task.” This works purely on the basis of proof of
delivering a predefined value.
2. Proof of Value
POV (Proof of Value) is used to identify the product’s value based on the customer’s use cases.
Proof of Value aims to show that the product will solve the customer’s use case (or problem).
Value is delivered in different ways. For example, value is delivered when –
● Someone writes an article
● Someone publishes in the Q&A
● An expert displays and propagates acts of leadership
● An expert delivers a keynote speech to an audience
3. Distributed Reward/Revenue Sharing
Teachers share in rewards for their contribution to the education that resulted in the learner getting a job.
4. “Proof of Ownership”
Useful to determine the authenticity and ownership of a particular asset or piece of content.
5. Initial Knowledge Offering (IKO)
In demand, costly high quality courses can be pre-purchased allowing creators to create them
and students to benefit from their creation.
What does an incentivized, customized learning experience achieve?
● Minimizes course drop out rates
● Connects students to the best teachers or experts that they need.
● Ignites students’ passion for learning and increases success.
● Brings quality teachers and passionate students together in an incentivized framework
where every participant is duly rewarded – students and teachers included.
FORWARD PROTOCOL INTEGRATION
ForwardID allows users to authenticate themselves across platforms, and allows them to carry
their reputation, history, credentials, and identity across other educational apps and ecosystems.
Forward Stablecoins and ForwardPay/Wallet
Forward Stablecoins will be pegged to other stablecoins, and not to any Fiat currency.
Freelancing Marketplace
Freelancing on the Forward Protocol platform is carrying out tasks that other people don’t have the time, inclination, or skills to carry out themselves (writing, editing, copywriting, teaching, etc). If you have a skill in the education field, and you want to use that skill to service the needs of others looking for that skill, then you can use your skills to make money freelancing online.
Governance
The token has a governance aspect that confers the holders power to influence decisions concerning the core protocol, product or feature roadmap, hiring and staffing, and changes to governance parameters. The platform will function as a DAO with the token holders directing the decisions and choices of the platforms.
NFT Inbuilt
This class of art on the blockchain called an NFT, which stands for non-fungible token. A fungible item, like a $10 note, can be traded one for another. A non-fungible item, like a Monet painting, is unique and irreplaceable. Forward Protocol facilitates the creation, management and trading of NFTs. English Forward NFTs will include Revenue Generating Digital Pages, Poetry, Haiku, Concepts, Articles, Quotes, and more.
Blockchain Certificates
Universities, schools and institutions can issue certificates on the blockchain with Forward Protocol. They can host the nodes at their end and this will be fully independent and run by institutions around the world. This will ensure the issued certificates are authenticated, time stamped and verifiable by anyone at any time and won’t be falsified.
ForwardID
By integrating ForwardID, educational apps and institutions no longer need to process their users’ personal information. All ForwardID users go through a fast yet strict KYC process in order to verify their identity. This saves on the cost and time usually spent doing complex user verification procedures. Users will be in control of their data and only share what the other platforms must know. ForwardID not only enables users to authenticate themselves across platforms, but also allows them to carry their reputation, history, credentials and identity across other educational apps and ecosystems.
ABOUT FORWARD PROTOCOL
Forward Protocol is knowledge protocol that facilitates decentralized and democratized learning globally by rewarding participation and motivating excellence with an “earn as you learn” model for learners.
