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I am working on a project[0] to enable loan-free education and help increase income of teaching and non-teaching staff of education institutions. The project i

by bsldld 5y ago

I am working on a project[0] to enable loan-free education and help increase income of teaching and non-teaching staff of education institutions. The project is based on blockchain(though it is federated) technology. In fact multiple blockchain platforms are used to achieve the overall goal. Blockchain for identity, payments, distributed verifiable but ownerless database etc. Looking for co-developers for the project. My email is in my HN profile. [0] Details of what the project will look like is outlined here: https://loan-free-ed.neocities.org https://loan-free-ed.neocities.org

duped 5y ago
What does blockchain do for you to solve the fundamental financial problems you're tackling?
- bsldld 5y ago
  I am using blockchain as a distributed, decentralised, tamper-proof database that no single entity controls. It is used just as a ledger to maintain monetary and non-moneraty transactions between various stakeholders in education: the government, the education institutions, the students, businesses and policymakers. Once those connections are established then the information of funding of the student's education can be used to perform autodeduction from that student's income and distributed to everyone that was involved in that student's education. Again this transactions is also recorded in the distributed ledger.
UncleMeat 5y ago
Why do you need a blockchain? You even mention in the writeup that this behavior exists in other countries already - which means it already can be achieved without this technology. Heck, in the US there are already educational institutions that charge a portion of future salary rather than a tuition. You spend a huge amount of time describing the merits of this approach and (as far as I can tell) zero time describing what your software actually does, even when digging into the page that contains additional details.
- bsldld 5y ago
  > Why do you need a blockchain? Because of the following reasons: * it has to be distributed and federated * no one entity should control the data * it has to be tamper-proof > You even mention in the writeup that this behavior exists in other countries already - which means it already can be achieved without this technology. Yes, the system exists. But it does not have the attributes mentioned above because those systems are controlled by single entity. > Heck, in the US there are already educational institutions that charge a portion of future salary rather than a tuition. Yes, I know. But I am trying to make this universal, a platform for everyone to use. My vision is that government will start funding education using equity rather than debt. That will promote life-long learning and reskilling without putting students into debt. That is a win-win for everyone. > You spend a huge amount of time describing the merits of this approach and (as far as I can tell) zero time describing what your software actually does, even when digging into the page that contains additional details. At the core the platform acts as a ledger that maintains records of monetary and non-monetary transactions between various stakeholders in education. The stakeholders are government, education institutions, students, businesses and policymakers. The non-monetary transaction is education "service" provided by education institution to students. That record is maintained by the platform to connect students to each education institution and its staff. And the monetary transactions are funding and grants received by education institutions from government for providing education per student; this indirect government funding of student education acts as investment in that student which the student pays back as dividend rather than loan-repayments. That way the students are not in debt but are still obliged to payback via auto-deduction from their income. This whole system is automated and handled by the proposed platform. Think of this platform as a distributed ledger that maintains connections between various stakeholders in education, and what those connections are used for. And based on that information the students are funded for education. And when the students start generating income, then a small percentage of that income is autodeducted and distributed automatically to those involved in that students education.
  - UncleMeat 5y ago
    But this makes no sense. Universities already have accounting software. Money comes in via grants and student payment (in whatever form that is) and pays staff salaries. Nothing about what you describe requires federation. You just simply announce it. Even in your paragraph describing it you just fall back on the description of the "funding with future salary" approach.
mqpasta 5y ago
What if there is no more blockchain technology tomorrow morning, will your project survive? If your answer is YES then you might need to rethink about it.
- bsldld 5y ago
  This is like asking, "What if there is no more database technology tomorrow morning, will your project survive?" I am using blockchain just as a distributed, federated and tamperproof database. Nothing else. You could ask "What if cryptocurrencies do not exists tomorrow?" That is a valid question. But that I don't think applies as easily to database technologies.

by bsldld 5y ago

duped 5y ago

What does blockchain do for you to solve the fundamental financial problems you're tackling?

bsldld 5y ago
I am using blockchain as a distributed, decentralised, tamper-proof database that no single entity controls. It is used just as a ledger to maintain monetary and non-moneraty transactions between various stakeholders in education: the government, the education institutions, the students, businesses and policymakers. Once those connections are established then the information of funding of the student's education can be used to perform autodeduction from that student's income and distributed to everyone that was involved in that student's education. Again this transactions is also recorded in the distributed ledger.

UncleMeat 5y ago

Why do you need a blockchain? You even mention in the writeup that this behavior exists in other countries already - which means it already can be achieved without this technology. Heck, in the US there are already educational institutions that charge a portion of future salary rather than a tuition. You spend a huge amount of time describing the merits of this approach and (as far as I can tell) zero time describing what your software actually does, even when digging into the page that contains additional details.

bsldld 5y ago
> Why do you need a blockchain? Because of the following reasons: * it has to be distributed and federated * no one entity should control the data * it has to be tamper-proof > You even mention in the writeup that this behavior exists in other countries already - which means it already can be achieved without this technology. Yes, the system exists. But it does not have the attributes mentioned above because those systems are controlled by single entity. > Heck, in the US there are already educational institutions that charge a portion of future salary rather than a tuition. Yes, I know. But I am trying to make this universal, a platform for everyone to use. My vision is that government will start funding education using equity rather than debt. That will promote life-long learning and reskilling without putting students into debt. That is a win-win for everyone. > You spend a huge amount of time describing the merits of this approach and (as far as I can tell) zero time describing what your software actually does, even when digging into the page that contains additional details. At the core the platform acts as a ledger that maintains records of monetary and non-monetary transactions between various stakeholders in education. The stakeholders are government, education institutions, students, businesses and policymakers. The non-monetary transaction is education "service" provided by education institution to students. That record is maintained by the platform to connect students to each education institution and its staff. And the monetary transactions are funding and grants received by education institutions from government for providing education per student; this indirect government funding of student education acts as investment in that student which the student pays back as dividend rather than loan-repayments. That way the students are not in debt but are still obliged to payback via auto-deduction from their income. This whole system is automated and handled by the proposed platform. Think of this platform as a distributed ledger that maintains connections between various stakeholders in education, and what those connections are used for. And based on that information the students are funded for education. And when the students start generating income, then a small percentage of that income is autodeducted and distributed automatically to those involved in that students education.
- UncleMeat 5y ago
  But this makes no sense. Universities already have accounting software. Money comes in via grants and student payment (in whatever form that is) and pays staff salaries. Nothing about what you describe requires federation. You just simply announce it. Even in your paragraph describing it you just fall back on the description of the "funding with future salary" approach.

mqpasta 5y ago

What if there is no more blockchain technology tomorrow morning, will your project survive? If your answer is YES then you might need to rethink about it.

bsldld 5y ago
This is like asking, "What if there is no more database technology tomorrow morning, will your project survive?" I am using blockchain just as a distributed, federated and tamperproof database. Nothing else. You could ask "What if cryptocurrencies do not exists tomorrow?" That is a valid question. But that I don't think applies as easily to database technologies.