I just want to say this has been great! Thank you so much, I feel like I understand much better what the tip of this iceberg looks like. I’m very excited to keep going further into this.
The idea I had before starting this course would be a way to tokenize non-tangible things that are valuable in a way that allows one to take a loan out against it. My working thought would be some kind of token that could be tied to education/experience/time, and then have a value decided by the community. So for instance a school could issue the diploma as a token, and a more prestigous school like token from say MIT would be worth a lot more money. Now in my idea the holder of this token couldnt just sell it, and I think that there would need to be some kind of identity solution to tie it too. The idea would be that if you were to work for someone they could use the token as a way to borrow money for their company. Then if a person were to leave, the company would no longer have access to that token. They would now need to start paying interest or hire another individual to fill in the gap. My thought here was to give entrepreneurs access to higher-tiered employees even if they don’t have the working capital needed to pay for better qualifications. It also gives power back to laborers; think about a strike where a company needs to start paying interest on their loan for half their labor force.
This course has really helped me to see that I need to think more about how smaller individual legos provide value. It’s not really feasible to just build what I was thinking about, but I can build something that serves as a building block. Like a way to tie value to intangible ideas in a protocol that others can interact with.
Powered by Ethereum
