Incentivized learning: Web3 turns education on its head!

Introduction

Literacy is a global social problem that the world still contends with. In developed countries where there are better learning facilities and opportunities, the standard of learning is excellent. Students flock to such countries to receive quality and affordable education. But in poorer countries of the world where the economy is yet to fully develop, the level of literacy is often average or low. Web3 enters the education sector with yet another revolution - earning while learning.

Incentivized learning is in line with the core principles of web3 which often involves creating an economy where digital tokens are often used to reward valuable contributions and engagement. In the context of learning, rewards are provided for individuals that participate in educational activities. This often involves completing lessons, answering quizzes that follow, and showing a practical grasp of the course. Once these are done, the participant receives a digital token as a reward.

The educational system in most parts of the world is broken. Students are often pushed to learn courses that are at odds with present realities. But a blockchain-powered learning platform provides a decentralized environment for learning where active contributors gain beyond acquiring a skills and knowledge. They are further rewarded with digital tokens that are valued. Such digital tokens could either be converted to more or be exchanged for more premium educational content. Smart contracts play an active role here too. Lets get into the details

Paying to learn Vs earning while learning

The traditional education sector is being turned on its head by the current web3 model of tokenized learning. The way our education system was system is such that tuition is a very prominent aspect of it. Every learner must pay for the educational services before they are admitted into academic institution to acquire knowledge and skills. But with web3, there is a revolution.

Instead of putting emphasis on tuition, decentralized learning environments provide a platform where educational content is often delivered at little or no cost. Then in addition, students are rewarded for engaging with the system. The tokenization of efforts by each student or participant provides the needed motivation to put more effort to learn. There are digital token rewards each step of the way as participants complete the required lessons.

Again, we see web3 improving the standard and quality of learning here by promoting quality engagement. In the traditional institutions of learning, learners are pushed to get involved when instructors give loads of assignments and a fixed time it should be completed. Sometimes, the limited period of time allowed for the tasks to be completed is the only motivation there is to work hard, But with incentivized learning, it is a little different.

With rewards for efforts and engagement, the entire learning ecosystem is positively charged up. Incentivized learning introduces a kind of positive energy that should motivate participates to actively contribute value as they get rewarded for each small success. Instead of fearing punishments for not completing learning tasks, students are motivated in a positive way to be more committed to each aspect of the learning process. Hence, there is a conscious and enthusiastic contribution by everyone. The goal is not just to acquire knowledge and skills, but there is monetary rewards attached to being academically brilliant.

Personalized learning instead of uniform curriculum

In our current educational systems, the curriculum is often uniform. Students or learners at each level are given a set of course and activities to complete. They continue to learn the same things as a group until they move on to another level. This establishes learning classes which is a prominent aspect of traditional academic institutions. Most times, the curriculum is so rigid that for years, the same set of skills and knowledge is passed to generations of learners . With web3, this is different.

Decentralized learning platforms provide an array of courses and skills that participants choose to engage with. There is no class of learns or a rigid curriculum to follow. Each person has the opportunity to start learning what matters most to them. For example, learners that prefer acquiring skills like how to play a guitar are not forced to learn math instead. Rather, courses are open and available to everyone, allowing them to purse a passion, instead of just tag along the demands of a rigid curriculum.

Personalized learning brings out the best in participants. Passion and talent are the core motivation factor to pursue a course instead of tuition and curriculum. People do well in something they love. It brings out the best in them and given then an opportunity to build on top of their inspiration. For example, a learner that is a talented artist would do well taking a drawing class than programming course.

Imagine adding an incentive to learn something that a person already have great passion for. The prospect of getting rewarded along with the passion they have for a course would make them become exceptional in their efforts. A learner is thus fully motivated and have the opportunity to excel by being paid to do something of their wildest dreams.

Finally on this, personalized learning gives the learner an opportunity to learn at their own speed. Unlike physical classes where the learning environment is time-based, web3 learning platforms put more emphasis in quality of engagement and ability to acquire those skills and knowledge. Basically here, each learn moves at a convenient pace. The fast learners would thus excel in moving very fast, while the slower learners wont be pressured to keep up with everyone else, because they could still learn at their own pace.

Proof of learning versus paper grades

Incentivized learning by web3 produces the best results against what we are doing in the traditional learning environment today. Schools today and educators in the current setup put much emphasis on grades. Students are pushed to study so that they will graduate with good grades. At the end of the day, the main goal of learning which should be to acquire practical knowledge and skills is traded for scores and grades. With web3 decentralized learning, it is different.

The goal of learning in a web3 environment is to get the knowledge and any physical skills needed. With a personalized course design, the element of competing with each other to graduate with the best grades is removed. Since each learner is fully focused on their own course, and at their own pace, there is not competition for grades with others. Besides, the incentivization is not based on obtaining high grades. It is based on completing tasks. Each tasks completed is a practical prove that the learner has mastered the knowledge or skills for that section.

The current grade-based academic structure today, in addition with a uniform curriculum produces graduates with high scores but with little practical or cognitive skills needed for a job. Because their ultimate goal is to get a good grade, learners do not put so much attention into mastering the skills or knowledge a course teaches. In addition, being forced to learn a uniform curriculum which they have no passion or interest for, makes it all worse.

Decentralized learning allows people to focus not on grades but on mastering the skills or knowledge contained in the course. They learn at their own speed and have real passion for the course. In addition, there is a digital token reward for each success recorded. All these combined creates a conducive learning environment filled with positive energy where learning is fun, engaging and most important - very rewarding.

Some learn to earn projects

Incentivized earning is something that already exists. Just like blockchain technology, it is yet to go mainstream. So, the major incentivized platforms teach crypto courses. Consider the following projects and see what to learn and the rewards:

• Bitdegree
• Coinbase
• Binance
• CoinMarketCap
• Bake
• CoingGecko
• Phemex
  

Finally

The future of practical and effective education is incentivized learning. The prospects of using positive motivation and tokenized rewards is capable of producing the best learners. Personalized earning courses takes into consideration the passion, talents and interests of the learner.

Rewarding learners with a digital token is like paying them to pursue their passion at their own pace. Just as illustrated by the boom of many learn to earn projects in many crypto projects, the results are always positive.