SKYLLZ — The Universal Proof-of-Skill Protocol

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Skyllz reinvents how talent gets access to work and work gets access to talent in an open ecosystem where meritocracy, transparency and decentralization play together to disrupt status quo in talent assessment and skills certification.

In order to nurture the vision of Skyllz by Workkola, a powerful ecosystem is born: the Skyllz Distributed Platform (SDP)-- the open-source, public, blockchain-based and distributed skills-validation protocol.

The mission of Skyllz is to convert people into their main assets.

The Skyllz Distributed Platform (SDP) aims to build a universal and evolving Human Skills Ecosystem that replaces CVs.

The SDP ecosystem is fuelled by two different elements:

● Proof-of-Skill, which is the reputation related to every specific skill on the SDP. It is non-tradeable and handles skills validations as traceable annotations on the Ethereum Blockchain.

● SKT, which is an exchangeable ERC-20 compliant token that fuels the SDP ecosystem and operations. It enables users to participate, validate and certify their skills across applications.

THE SDP PROTOCOL

Skyllz Distributed Platform sets the standards to create a cross-platform ecosystem where:

● Any user that acquires, applies, or improves a skill on any application from the SDP with a resolved rating greater than the minimum for qualification, will automatically see its Proof-of-Skill of this specific skill updated with the resulting amount on the Ethereum Blockchain.

● The Proof-of-Skill of every skill stored by any user will be publicly visible and hereunder shareable (via its Ethereum address).

● Any Skill Touchpoint Application (STapp) can participate on the SDP if it follows the 7 Principles of the SDP, meets the technical requirements to connect with the APIs (skyllz.io), and is accepted by the Skyllz community (proof-of-skill and SKT holders’ vote).

● Any STapp on top of the SDP, will be able to add any new skill to the Blockchain, if accepted by the Skyllz community (proof-of-skill and SKT holders’ vote), in order to ensure the evolution and adaptability of the SDP over time (new jobs, new relevant skills, new priorities…).

● A community of Raters -- experienced users from a specific area or skill -- that acts as oracles between the off-blockchain triggers and the on-blockchain resulting processes. They will decide whether a skill has been acquired, applied or improved successfully or not, and whether Skyllz Tokens (SKT) should be transferred to the user or not, in an anonymized way and using a Proof-of-Skill betting system. This will ensure quality of the ratings, avoid biases (maintaining anonymity during the rating period) and will keep bad actors out of the game.

● Raters will get Skyllz Tokens (SKT) in exchange for their ratings.

● Skyllz Tokens (SKT) will allow to access to the services of any STapp on top the SDP.

THE SKYLLZ TOKEN (SKT)

The Skyllz Token (SKT), an ERC-20 compliant utility token, enables users to access and transact on the SDP. They serve as units of account that enable users to participate and get validations of their skills on or across any application of the ecosystem.

SKT is a utility token of fixed supply that can be integrated into applications as the transactional layer of value.

SKT: Usage And Utility

The Skyllz Token (SKT) is a multi-purpose tool for the SDP needed to create and maintain the SDP structure, its business model, and help maximize all STapps’ business models within the ecosystem.

As William Mougayar points out, there are three tenets to token utility and they are:
● Role
● Features
● Purpose

Mougayar designed a table that helps classify and summarize token roles with they own set of features and purpose.