Proving Knowledge/Skills with Educational-Based Smart Contracts
S.A.G.E. will use a distinct 'proof of knowledge' method determined through an educational-based smart contract provided by a verified academic mentor or institution. Parameters are pre-established before the agreement and are subject to the conditions of the contract. Changes in the contract must take place through negotiations and a new contract upon agreement that the latter transaction is closed/fulfilled, funds are either returned to the parties or are forwarded to a new contract pending agreement to the new terms.
Smart contracts provide a basis to outline certain parameters such as;
- Price of time (of mentor/professional academic)
- Cost of material knowledge(if any)
- Costs related to campus-based fieldwork or facility usage(if any)
- Time-frame(if established)
- Amount of work involved(tools required, prerequisites)
- Submission Styles(formal, informal or other acceptable conditions)
- Processes of delivering non-transferable credentials to pre-designated identifiers attached to the contributor(s) transactions(when complete or via deadline)
- Processes for automating payments to mentors/institutions via unique ID's and/or addresses
by releasing escrowed funds to all verifiable parties involved
An academic profile or an identification number linked to each contributor
establishes a clear origin of unique submissions received by individuals.