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Unicoin currency - sample idea
This idea is part of the ideas for the Homegrown Blockathon At UNSW MCIC 24, 25 and 26 November 2017
NOTE: Use at your own risk as this idea has not been audited
please read the whole document before to fork
(c) Matness.me - The MIT Licence.
Join the slack conversation here! https://goo.gl/18M8kS
*/
Public and Private Universities, MOOC platforms, private colleges.
The issuers of Unicoins (UUC) are Universities. The receivers of UUC are the University’s Students. Each Institution has its own UUC. For example UNSW will have UNSW Unicoins.
Students receive an amount of coins proportional to their grades and achievement.
Coins can then be spent for (1) a number of activities within the University - such as printing services - or (2) to receive discounts at the local cafeteria, local drugstore – or most likely the local booze shop or weed guy.
Alternatively (or simultaneously) the coins can be used to apply for specific job positions and would function as both (1) a proof of achievement (if a position requires UUC.75 and a student can only ever have a total UUC.100, it would mean that they have achieved a certain amount of study) and (2) as a proof of motivation (if a student can only ever have UUC.100 and spends UUC.75 for one application, that application will be his/her only application as such).
At the end of the Blockaton the main output will consist of a platform through which Universities can easily create ERC20 smart-contracts to issue their own tokens to students.
- Solidity developer
- Web developer
- UI/UX designer
(at least one of them with a clue about security).
Who would have an interest in exploiting the system?
How could the system be exploited?
Could the system be damaging for some students over others?
Could the system increase social disparities?
Could the system give too much power to institutions over students?