Peerbuds

Peerbuds is an open decentralized protocol that tracks everything you have ever learned in units called Gyan and rewards it with tokens called Karma. Imagine a world where all your learning is tracked, where both learning and teaching is rewarded, and where learning and earning happen hand in hand. The protocol is a blockchain database that embraces the vision of a knowledge economy, where the exchange of knowledge is driven by cryptocurrency incentivization. Peerbuds understands the problems within the current educational system and seeks to address the core of it by quantifying how much one has actually learned. By establishing a distributed account of one’s complete knowledge and instantly verifying the authenticity of every learning transaction, we make it possible for people to truly leverage the power of their knowledge. Traditional economies are a zero-sum game meaning value is lost by the giver and gained by the receiver. Knowledge economies, however, will always be a positive sum game. By positive sum, we mean that one individual having a piece of knowledge does not limit the other from having that knowledge. Indeed, everyone benefits from the knowledge exchange. Teaching reinforces mastery from both the perspective of the teacher and the student. Our cryptocurrency reflects the positive sum of that exchange. This exchange of knowledge adds value to the world and any work that even remotely adds value to the knowledge economy must be rewarded.