Providing Student Funding in Terms of PAI
Through validation of transactions and the purchase of educational bonds, students can receive Pai to be used as credit hours with any educator in our network. Additionally, students can use the general crypto market as an alternate method to fund their own education. Institutions will also compete among themselves to sponsor students, offering rewards to pay for certification, in exchange for future employment.
Smart contracts will control agreements between students, educators and employers. These contracts will be used to release funding to either the student or the educator, based on certain performance criteria. Sponsors can provide the entirety of the funding in Current (CRNT), upfront (providing security for the students and institutions) but only release the funding when certain criteria are met. This process can also happen automatically without the need for any intermediaries, vastly decreasing the bureaucracy required to manage such a system.