Edu-Coin: A Proof of Stake implementation of a decentralized skill validation application

Abstract

This paper introduces a use case for blockchain in the field of education. The concept of a social networking DApp (Decentralised App) Edu-Coin that uses the concept of giving the control of their data back to the users, reward them for sharing their skills and using the platform. This idea uses the Tendermint core for blockchain, a framework in which individuals can make peer-to-peer transactions without needing to trust a third party, a blockchain that is based on the Proof of Stake. In Edu-Coin, working professionals can ensure that their skills are validated by an unbiased majority, called validators. It also assesses the Emotional Quotient of an individual. Validators whose responses get accepted to the blockchain are able to earn Edu-Coin, which can be utilized for making different purchases on the site. The platform makes use of one tradable token (Edu-Coin) and one internal accounting token (ERP) that serves as an evaluation of the users on the respective skill sets. This rating can be useful in the evaluation process of educational institutes as well as for professional grading of employees and job applicants.