What’s Blockchain offering us? Well, for knowledge seekers and providers out there. It offers the leeway for limitless peer to peer transactions.
However, Experty on the other hand as the growing new application in the market is upscaling the global scenario of connecting knowledge using the Blockchain technology. Let’s find out what’s more in it for the enthusiasts’. Around the world, it is a common phenomenon, or a fact. It is a buzz word making rounds. In God we trust, all others must bring data. Information is knowledgeable only if you put it together wisely. In this realm of Big Data, present scenario comes with a lot of unwieldly, pricey and incompetent tools. To avoid hosting a third party and evade the inadequate process of seeking knowledge. Experty team has come up with a cutting-edge application, here the technology helps knowledge be provided or seek anywhere in the world. Operations Contract, an automated payment system without any lengthy setups. Here, knowledge providers can advertise their services and simply set their rate per minute. An upfront payment system, allowing voice and video calling to monetize the calls and complete payments without any external links or third parties. Also, the knowledge seekers will only be charged for the length of call. Here, Experty provides needed leverage to save countless man hours and increase efficiency and accessibility to exchange knowledge worldwide. Have you no access to the traditional banking systems? Well, Experty is playing the field and providing an excellent solution with automated payments and transparent system.
What has the Experty team developed? A Blockchain based calling platform, simplifying the exchange of knowledge for currency using Ethereum Smart Contract along with Off-Chain software. The platform provides two or more parties, say a knowledge provider and a knowledge seeker with the consulting industry to connect through voice and video calls and enable the provider to get paid by the minute on a pre-determined rate. Let’s see the role of each here:
· Knowledge provider: Can schedule their availability and share their direct call links without having to get occupied with several fraud or marketing related calls. They can put a price on their per minute and start receiving and being their consultation.
· Knowledge seeker: Without the stress of scouting for the right person to get in contact with, the knowledge seeker can directly contact the knowledge provider and save time and money. Pay just for the minutes on the call and take advantage.
· Third Party services: Advance through a different path to monetize their existing client base.
What led to Experty?
As we all live in a knowledge based economy, it is now imperative that we make micro-transactions. Thanks to the blockchain technology, regardless of location, worldwide we can send tiny amounts of value to anyone. In the consultation industry. Experty, is building up a feasible available tool to easily handle the process of exchange of knowledge. Experty consists of applications available for mobile, web and desktop. Also, the ability to send free text messages to discuss route further.
The pulp of it
Experty provides a platform that is based on Ethereum network contract, which plays the role as the back end for the service. The history of the user is saved in the website and application.
· WebRTC Protocol: This protocal is used to enable audio and video connection within the application. Allowing data encryption and robustness to the users.
· Fully Decentralized Call Links: Knowledge providers can avoid depending on Experty while they create their own marketplace where they’re already established and are considered as trusted experts. They can fearless share their paid call link whenever and wherever they want.
· Instant Payments: The OC will provide the security required for payment settlement, which will occur on the Ethereum blockchain that will be based on a pay per minute rate. The important things to know is that the caller who has insufficient funds gets, lesser than 30 seconds of a call will not be allowed to trigger a call. Also, when there are lesser funds he won’t be notified prior to the call and the call will get disconnected below the per minute rate.
· Cross Platform Calling Application: First version of the application is only dedicated to calling for platform including, IOS, Android, Window. Also, the team plans on integrating with third party video calling for potential users in the future.
· Availability schedule: Present your availability so you can eliminate calls outside the available time frame.
· Ethereum Wallet: A built-in Ethereum Wallet for managing funds.
How does this application work? EasyPeasy
Let’s drill on the mechanism, and understand the work flow 1. Knowledge provider sets his/her rate in US dollars (Say 3$ per min). 2. The knowledge seeker will be aware of the pricing before he or she chooses to make the call. 3. Based on the USD/EXY conversion rate on the secondary market, the app will the calculate the amount of EXY tokens required per minute to make the call. 4. The seeker will credit the account using the available methods, like USD, BTC, etc. 5. Seeker starts the call 6. The value for exchange of knowledge occurs based on the Experty conversion rate. 7. While the call is going on the app gathers confirmations signed by advice seeker’s drive-key in his or her app. 8. Post calling, the app will automatically make an operation on smart contract and move the funds from seeker to expxert’s waller using the gathered signed confirmation.
More to it
The dedicated team at Experty is likely to research how well the application can compete on the global digital consultation marketplace. It is not looking to produce short-term immediate value. It is working on the popular proof-of concepts and research alternative methods to reach to a larger audience.
I’m eager to find out where it’s headed and I hope Experty reaches it HARD CAP target during the TGE and grow aggressively.