Yes, you read it right! This Lithuania-based blockchain startup, BitDegree, will pay anyone to learn python programming language. BitDegree is the world’s first blockchain based free education platform with token scholarships and talent networking. BitDegree is a blockchain-powered, online educational platform with tech talent acquisition and token scholarships. The BitDegree token will connect students, instructors, and employers in an equally beneficial way. They believe that education has to be accessible for everyone. It is also a unique tool for businesses to recruit tech talent and shape global education to their needs. Think of it as Coursera and HackerRank merged together, powered by the decentralized blockchain technology. The company was founded in 2017 by Andrius Putna. BitDegree issued its token sales in December 2017. The startup won many blockchain startup competitions in 2017
Their vision is to connect learners who want to study, instructors who can teach, and employers who want to hire tech talent. For the transparency of the platform, decentralization is a must. The BitDegree platform will offer students the best online courses with a clear and transparent blockchain based reward system and achievement tracking. BitDegree is hoping to appeal to low-income students and to people living in developing countries with insufficient access to high-quality education in technology, who could be hired by companies as remote workers. Putna said, “Education should be available to anyone.” BitDegree plans to build its user base by leveraging existing partnerships. It reached 29 million users on 000webhost, a free web development learning platform, and Hostinger, a web hosting services. Biggest part of their users are young tech-savvy with deep will to learn, build and grow. These companies will provide a worldwide community that is loyal, web-passionate, eager to learn and open to innovation. “ Our vision at Hostinger is to enable millions of people around the globe to unlock the power of the Internet to provide them the means to learn, create, and grow independently, regardless of race, gender, social status, or geographical location.”
So, what problem does BitDegree really solve? As we all know, the current education system is failing and not sustainable. BitDegree plans to revolutionize education using blockchain technology. BitDegree solves the problem by making thousands of the best IT courses available for students to choose from. Students then earn BitDegree tokens as a scholarship and reward. Finally, the students are connected with world-changing companies.
BitDegree is attracting interests from investors and advisors. Last October, the startup announced that Jeff Burton, a founding team member at Electronic Arts, is joining the company’s advisory team. In a video posted on their website and available on YouTube, Jeff Burton said:
The current education system is caught in the past. The Internet and one of its special characteristics is that it can reach millions of people in ways that speak directly to them, and give them an education that they really need and can use. That’s what BitDegree is pursuing, a way of reaching millions of people with the material that they need in order to succeed. It’s a new world, and I think that all the elements are there to allow them to really make a difference in the world!
The company also announced that Maurice de Hond joined them as an international advisor to join the BitDegree team ahead of its token sale beginning on December 1st, 2017. Former Coursera Senior Product Manager, Roberto Santana, also joined to be part of its fast-growing team of internationally experienced and recognized advisors. Roberto Santana said this:
For the very first time, you have the system and the possibility of earning while you earn, and earning while you teach others. This just changes everything! The thing that blockchain allows is the co-creation of value, so the more that the community contributes, the more valuable everything becomes so this is a virtual cycle.
BitDegree received a lot of attention and headlines for its innovative to education and learning. You can watch the video of its founder below.