Education is democratized through DAOs

It's 2040. Money, distance and the practical limits of space and locality are no longer justifiable impediments to equality and access to education. The entire education system has been reshaped by the proactive changes made by member-owned communities or decentralized autonomous organizations (DAOs). Investors have come together to democratize education and have pooled together resources for future students globally. 

This has made online education easier and more accessible to people all over the world, regardless of their geography or income. The spend, design and access to education is completely transparent and has removed the need for applicants to commit to and/or spend vast amounts of money to apply to prestigious universities. Their right to education has been completely revolutionized.

Education has truly been globalized without the need of government intervention or regulatory changes. Diplomas and education certificates, as well as course attendance and grades, are monitored through DAOs, allowing them to be tracked globally, and these diplomas are accepted worldwide. 

Transparency has also allowed tracking of hands-on performance. As candidate doctors perform complex medical procedures on virtual bodies through digital twin technologies and full-body immersion, the levels of accuracy are logged and assessed as part of their academic review. The ability to educate, train and test students in full transparency with a global audit trail has empowered individuals to rapidly reskill with the growth of new technologies and new industries.

The scarcity of talent in critical industries created seismic demand for offshore resources, and these impacts reverberated in global markets and led to member-owned communities coming together to reshape the education system. The democratization of education and emerging self-service models has caught on with the public and governments, along with academic institutions have had to rethink the way they deliver their own education programs with new-found freedom and accessibility.

Heightened awareness of social gaps and inequity, especially in emerging countries, brought greater acknowledgment of social responsibilities related to education. This awareness evolved into open admission policies. Africa was the most affected continent, with post-secondary enrollments rising substantially.

Technological innovation played a significant role, with advances in virtual reality and the metaverse creating lifelike digital spaces that eliminated many impediments to accessible and equitable education.

Today, developing countries compete with major economies. Global talent shortages are less prolific, with organizations enjoying a more available workforce and individuals enjoying longer careers with multiple pivots and skill refreshes.

While significant progress has been made, there is still more work ahead. Activists are now scrutinizing companies that grew accustomed to cherry-picking the world's top talent globally and demanding more accountability for supporting the growth of local talent in developing countries for inbound growth.