Learning economy

For several reasons many prefer the term ‘the learning economy’ in characterising the current phase of socio-economic development.

[2][3] In 2018 at the annual United Nations General Assembly, a decentralized Learning Economy blockchain protocol was proposed.

Blockchain has many applications in education including verifying the integrity of skills, returning the control of identity to the students, and defining research provenance.

Much of the initial theories about the advent of a fundamentally new era in which economic activity is increasingly 'abstract', i.e., disconnected from land, labour, and physical capital (machines and industrial infrastructure) and also capital in terms of fund was associated with the 'business management' literature of the 'new economy' NASDAQ bubble, which collapsed in 2001 (but slowly recovered, albeit, in a leaner format, throughout the 2000s).

Many distributed applications have tested economic models that incentivize students and teachers, but without institutional and government support there is little chance of many national learning economies adopting at scale any time soon.