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Facilitating access to knowledge and expertise

Facilitating access to knowledge and expertise

The gig economy and one off tasks are well suited to blockchain and as such it is no surprise that solutions are starting to emerge. Experty takes a different tack to that of Gems, which I covered last week, as it is squarely aimed at replicating a consultancy style business but for more immediate problems and answers in a similar vein to how Babylon Health operates for online doctor consultations. 

Experty works through allowing 'Experts' to share their Experty contact information on other platforms such as LinkedIn, their website, Twitter etc. The expert then sets their rate (charged by the minute) and the user then uses the Experty contact information to get in touch with them through the Experty app. The VOIP call happens, the answers are provided, and the smart contract handles payment following the call automatically. The product is aimed squarely at providing quick answers to users and making the process as easy as possible. The following video highlights how the product works:

The team behind it are a set of Polish developers, with the lead developers having been together since their first company (ReactPoland) in 2014. The advisors listed include Craig Sellars, CTO of Tether and ex-CTO of Bitfinex and they have recently partnered with Quantstamp in a move that will see Quantstamp utilise the Experty platform in order to facilitate their own operations of working with clients. 

The team are pushing a series of use cases on their website aimed squarely at blockchain users, which makes sense - early adopters are likely to be those already involved within blockchain. However, Experty has the potential to find a wide ranging audience for its services. Their roadmap is realistic and the company has already built a minimum viable product.

I think Experty may struggle to gain wider adoption, owing to its decision to not provide a central marketplace but instead rely on people to share their Experty profile on other sites. Whilst I understand the desire to provide a decentralised solution, ultimately people prefer being able to load up an app in which they can find the services they want - rather than having to search through LinkedIn or Twitter to then find the user they wish to connect with. It can be very hard to find people that aren't already in your network on the likes of Twitter and LinkedIn. 

The project should also be of interest to those looking for upcoming ICO's. The hard cap is just 9,000 ETH, which even following Ethereum's rise in recent week's leaves it at c. $10-13m. Only 33% of tokens are being sold in the ICO, but the rest are locked and vesting over the following 36 months. The pre-ico starts on the 22nd January, with the ICO proper starting three days later. 

Part 2: Is the market in a bubble?

Part 2: Is the market in a bubble?

Go big or go home

Go big or go home