{"id":14089,"date":"2019-09-03T11:42:42","date_gmt":"2019-09-03T15:42:42","guid":{"rendered":"https:\/\/news.elearninginside.com\/?p=14089"},"modified":"2019-09-04T10:11:20","modified_gmt":"2019-09-04T14:11:20","slug":"bitdegree-launches-blockchain-scholarship-platform-to-fund-learners","status":"publish","type":"post","link":"https:\/\/news.elearninginside.com\/bitdegree-launches-blockchain-scholarship-platform-to-fund-learners\/","title":{"rendered":"BitDegree Launches Blockchain Scholarship Platform to Fund Learners"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">BitDegree, an online coding school based in Kaunas, Lithuania, is betting that there\u2019s an appetite for more transparency in online learning scholarships. The company has established a blockchain-based open-source platform to allow donors and students to more easily establish trust while conferring scholarships for their professional courses. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">BitDegree offers online courses in blockchain, data science, marketing, business, programming, and more. They often serve learners in developing countries looking to upskill into the global workforce. To fund those courses, they are offering hopeful learners the opportunity to get their learning experience sponsored by a third party.<\/span><\/p>\n<h2>Blockchain-Recorded Scholarships from BitDegree<\/h2>\n<p class=\"p1\"><span class=\"s1\">Every transaction that BitDegree administers will be recorded in the Blockchain. As such, students who manage to win scholarships will be able to know where those funds originated. Likewise, donors who provide students with scholarships will be able to determine how they were spent. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Many scholarships today are given via third party institutions. They accept donations from groups or individuals, and, in turn, take care of the scholarship selection process. This creates overhead that cuts into the amount passed on to students and also obscures both sides from each other. What\u2019s more, these third parties don\u2019t necessarily recognize online professional training companies.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In truth, many students and donors prefer to go with a trusted third party scholarship conferring organization. But BitDegree believes that there is an appetite for more transparency in the process. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The platform allows students to create their own profile\u2014which they can verify through BitDegree\u2014and request a specific amount for a specific class. Once donors decide to sponsor them through their course, the funds become available to that student to be used only for the purpose of said course. If students fail to complete key milestones, the donation amount is refunded to donors. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In their profiles, learners describe who they are, some struggles they\u2019re facing, and what they hope to accomplish with their course, among other things. The platform then verifies these accounts and makes them public.<\/span><\/p>\n<h2>Connecting Learners with Funders<\/h2>\n<p class=\"p1\"><span class=\"s1\">BitDegree stands as a promising means to connect learners in developing countries with individuals overseas looking to give. As the company states in a news release, \u201cFinancial incentives for learning are important because learners in developing and even developed countries often have to choose between learning and low-paid work that provides necessary income, putting their families&#8217; wellbeing at risk. These incentives also motivate to finish courses and to continue learning further, signaling that the skills gained are valuable for the global job market, leading to better employment opportunities.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For example, Zina Youhan is pursuing a degree in software engineering at the University of Kelaniya in Colombo, Sri Lanka. <a href=\"https:\/\/www.bitdegree.org\/sponsor\/student\/zina-youhan643875\">Youhan is hoping for a $10.00 donation<\/a> to pursue an AJAX tutorial from BitDegree, which would bump her knowledge of the field.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">BitDegree launched with an ICO in 2017. Their first course, \u201cSpace Doggos,\u201d included gamified elements, and the company has sought to take a more engaging tack with online learning. It began training learners\u2014often supported via scholarships\u2014in 2018. They have since trained over 500,000 students and partnered with Vilnius University, in party to develop methods to increase engagement in online courses.<\/span><\/p>\n<p><em>Featured Image: Annie Spratt, Unsplash.<\/em><\/p>\n<p>Correction September 4, 2019: an earlier version of this article mistakenly stated BitDegree was based in Vilnius, Lithuania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitDegree, an online coding school based in Kaunas, Lithuania, is betting that there\u2019s an appetite for more transparency in online learning scholarships. The company has established a blockchain-based open-source platform to allow donors and students to more easily establish trust while conferring scholarships for their professional courses. BitDegree offers online courses in blockchain, data science, [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":14090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5,4],"tags":[],"class_list":["post-14089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BitDegree Launches Blockchain Scholarship Platform to Fund Learners - eLearningInside News<\/title>\n<meta name=\"description\" content=\"To ensure transparency, funders can now provide BitDegree learners with scholarships recorded in the blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.elearninginside.com\/bitdegree-launches-blockchain-scholarship-platform-to-fund-learners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitDegree Launches Blockchain Scholarship Platform to Fund Learners - 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After studying English at McGill University in Montreal, he went to work full time as a freelancer while living abroad in countries such as Greece, New Zealand, and Vietnam. His journalism has been published by CKUT 90.3 FM, Montreal Rampage, Potent, and HNGN. He has also produced a series of audio interviews concerning Canadian poetry for Vallum: Contemporary Poetry. His latest work is Code Burst, a podcast that investigates a free coding bootcamp in the Appalachian region of the U.S. that seeks to retrain ex-coal miners for jobs in the tech industry, along with the promise learning to code offers more broadly. 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