You can see our full pitch deck here:
Click this for the pitch deck.
Inspiration
Without a doubt, there are many people all over the world who know they can achieve more. They have the intellectual capacity and the drive that many employers would consider as great assets to any organization. However, not everyone will get to realize their full potential and one of the biggest hindrances is the lack of skills that they would have gained if only they had the proper training. In third world countries, although the government states that proper education is a right, it in fact, remains a mere privilege accessible only to those who can afford it. And so is a fulfilling career.
College degrees are usually a prerequisite for certain jobs. However, in countries like the Philippines, the main thing a college degree really guarantees is that you found a way to finance your studies, whether it’s by being supported by parents, by securing a scholarship, or by making it into a state university. So what about the rest of the population, who may be just as smart, as talented, just as driven, but were not lucky enough to have any of these? There are many ways to conduct an elimination process that would leave companies with only the best talent. But financial capacity should not and should NEVER be the main qualifier.
And while we are wasting a huge pool of intellectually capable and driven people to a lack of education and resources, there is a huge deficiency in skilled talent for companies, especially in the tech industry. There is a huge gap between what today's fast-paced technology industries require and the talent being produced by the current education system.
So the irony is that it seems as if we are unnecessarily suffering the winter cold while literally living in a forest with an excessive amount of trees just waiting to be turned into firewood, or built into a cozy abode.
Someone just has to get working.
So how can smart and driven but underserved talent be included in the work force, where they will have a chance at a better career and future while serving the unmet requirements of today’s tech-driven industries? Instead of waiting around for people to come out of universities as “full packages” containing everything companies need, why don't we admit that this just hasn't been working out for a while and be more proactive about it?
What it does
PRODIGY connects companies with talent for training and/or hire using skills-specific, logic-based tests tailored for specific positions. Unlike conventional recruitment sites and applications, PRODIGY does not just give up on “less-than-qualified” candidates.PRODIGY encourages and facilitates bridging the skills gap through education.
Prodigy screens people based on logic, cognitive ability, pattern recognition, and problem solving exams that can gauge whether a person is capable of the type of thinking required for a specific job, narrowing down your list to those who are likely to possess the technical capacity required for the positions you need the most. The platform also facilitates safely financing a candidate’s skills-specific training with an accredited institution before they are formally hired.
Prodigy gives quality candidates a chance regardless of their college degree, or lack thereof. At the same time, it gives employers direct and quick access to the talent pool without having to go through the grueling (and often futile) tasks involved in the current standard recruitment process.
Who Will it Benefit?
- Raw talent - candidates who are "less-than-qualified," people who have the capacity but cannot afford the education/training required for them to qualify for better, more in-demand jobs. One of the UN’s Sustainable Development Goals is quality education, which significantly affects the other goals in the list such as alleviation of poverty, and decent work & economic growth. In 35 developing countries surveyed by researchers from Cambridge University, less than 10% of people under 25 reached tertiary education; in some countries, it was less than 5%.
The International Labour Organization (ILO) estimates that an additional 3.4 million will be unemployed by the end of 2017, bringing the global total to over 200 million for the first time in history.
Apart from this, underemployment is also a growing problem as more and more people drop out of the labour force worldwide—in developing and developed countries alike. And with the forthcoming reign of automation, it doesn't look like the situation is going to get better—not unless somebody does something about it.
- Companies - companies who are in need of special skills but cannot find qualified talent. A 2016 survey by American multinational human resource consulting firm Manpower Group concluded that 40% of global employers have shortages in talent, the highest shortage since 2007. Consequently, businesses have been seen turning to training and development in an effort to fill the gaps.
How it Works
The application will run on the public Ethereum blockchain.
Candidates from anywhere in the world get verified. Legal documents would be required in addition to a photo/video verification system. Each user’s public profile, however, appears only as an ID number along with exam scores.
Users take specific exams, such as IQ tests, pattern recognition, problem solving and other tests that are tailored for specific positions. (We’re still doing some research on which tests have been reviewed and are being used by tech companies). We are exploring systems to avoid fraud and cheating.
Their scores are recorded on the blockchain, helping them build up their reputation, and serving as a credential history that cannot be tampered with or forged. Whenever a user scores high enough, companies get notified and they can check out the user's profile. Each company can choose which exams they want to be notified for, and how high the scores would have to be to get their attention.
Companies can then contact the user and set up an interview via Skype or any other video chat platform, where they can gauge the user as a person. If all goes well, then the companies and users can negotiate an agreement. It could be that the company will pay for the user to take a specific course with an accredited institution, for example, a crash course on programming, or any other course based on what the company needs.
The accredited institution submits the user’s scores or course status to the sponsoring company. If the user passes, the user gains employment with the company.
Challenges
There are certain aspects of the system that cannot be automated and are still trust-based, and these human aspects of the system (and any system) have a room for error/dishonesty. As agreements go, there is always a risk that one of the parties involved will not honor the terms agreed upon. As is the case in the scenarios below:
- Employees/scholars can ghost out on a company
- Companies can fail to provide the financial assistance agreed upon
- Accredited training institutions can make errors in fund transfers, course modules, etc.
We need to find a mechanism to mitigate these risks. The team also has to find the best way to ensure the integrity of the system and the exam results. Finding a business model to bootstrap the project is also a priority.
What's next for Prodigy
For this hackathon, we will be releasing a prototype focusing on the interface and flow. We still have a lot of research to do and we are still formulating a watertight, fraud-proof system.
Apart from this, we are hoping to make it to the conference in DC this November. We are also on the lookout for an experienced business development mentor—someone who would help turn PRODIGY into a self-sustaining organization.


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