Fathom is still in the early stages of development. Here there be dragons. It’s a great time to get involved though!
Fathom is a cryptoeconomic protocol for creating globally recognized credentials. It is implemented in a collection of solidity smart-contracts, and deployed to Ethereum.
Fathom aims to enable a new open learning ecosystem. On top of it you can create new structures for learning, things like schools, tutoring systems, or peer-to-peer learning networks.
Cryptoeconomics is a relatively new term and field. If you want to go deeper down the rabbit hole check out awesome-cryptoeconomics from L4.
Why decentralized credentials?¶
Today most reputable credentials are issued by large institutions. This has led to credentials that increasingly slow to change and inaccessible, meaning most can only communicate a small part of their skillset globally.
With fathom, anyone can create a credential for any kind of skill. In order to earn that credential, the fathom protocol defines an assessment-game, where the truthful evaluation of an applicant’s skill is the schelling point. The economic incentivization of the fathom protocol makes users congregate around credentials that are well defined, in that they allow individuals to play the assessment game with a positive outcome. As such any community of any field can create their own credentials, use them in order to self-organize more effectively and its members can communicate their skills to the outside world.