Tony D’Addeo
@deodad
is there a service that issues onchain credentials for things like college degress?
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Chinmay 🕹️🍿
@chinmay.eth
At least 10-15 companies try it in every bull market. The biggest problem is that colleges don't have a reason to change their current process. If anything, they make money from printing paper degrees. So, they continue doing it. In order for adoption, 1. It has to be demanded from the employers. 2. Colleges have to figure out a new revenue model from onchain degrees.
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Tony D’Addeo
@deodad
my thought was the company independently verifies the credential so that it’s not blocked on colleges getting onboard hard to get people to do it but if there was a legit use case like an anon.world anonymity set possible you could get a 1k ivy leaguers or some other group to do it
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Chinmay 🕹️🍿
@chinmay.eth
So, in the last cycle I helped out some background check agencies to achieve similar goals. 1. They do the degree verification anyways. 2. They can create an onchain proof for these individuals. 3. If it works, they can create a platform/ecosystem for other background checker agencies. It didn't work because onchain proof would require less background checks, and therefore eventually cannibalize their own business. So, the executives killed it.
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Tony D’Addeo
@deodad
interesting thanks background checks don't seem like a great fit since they get stale vs something that happens once and applies forever like a degree
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Chinmay 🕹️🍿
@chinmay.eth
For some context, Some professions mandate degree verification for each background check (like doctors, lawyers, pharmacists, etc....). It's a manual call to the college/university for each verification. It sucks!! But I know what you mean. Onchain is a better process, but the incentives are missing.
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