UBRICA NEWS

Ubricoin smart reward system.

 
Picture of Ivyonne Kimani
Ubricoin smart reward system.
by Ivyonne Kimani - Tuesday, 22 May 2018, 3:23 AM
 

We have built, on blockchain technology, a model that will overcome shortage of financing for health, which has been the thorniest issue in global health.  Lack of funding for health in many countries of the world has led to increased burden of disease, years of life lost due to illness, very poor quality of life, and very low quality adjusted life years.

We strive to create a health conscious community that rewards people who provide valuable contribution to knowledge in lifescience and health. Through a smart reward system, we will see a rise in emergence of new knowledge and solutions to most vexing issues in health. Ubricoin will reach a broad market for health production that will include billions of people in developing countries who have been excluded from health care and from financial systems.

Ubricoin on blockchain for global health is extremely powerful as it will build financial incentives for traditionally marginalized hardworking people who contribute knowledge for the betterment of humanity. For the first time in history of mankind, hundreds of millions of people who contribute good deeds to improvement of health related quality of life of human race will receive incentives for their good deeds. This smart reward system will unlock unprecedented amount of funds to support advancement in knowledge in general, and in lifescience and health production in the world, in particular. Good teachers who care deeply about their students, good researchers who contribute to new knowledge, and good practitioners who strive to provide greatest quality of service will receive financial incentives for their good deeds.

Our crypto-currency program involves creating incentive programs to reward excellence in education, research and practice. We shall also reward the use of Ubricoin for financial transactions in everyday practice. Buying from local suppliers and manufacturers on Soko Janja will attract rewards. By doing so, quality of medical and health care will improve all over the world.

It is widely documented that people living in developing countries do not have access to good quality education, products of research, and professional services. Much worse, developing countries are not at the forefront of biomedical research, development, innovation, and commercialization of research knowledge into commercial products and services.

The enterprise for translation of science into products for everyday domestic use and clinical care does not exist in developing countries, because there is no incentive for creating such enterprises. Absence of biomedical and health care innovation has resulted in a huge burden of disease in developing countries. Innovation in biomedical and health ecosystems rely on good financial incentives. The global financial community has not created financial incentives for biomedical innovation and health production.

Lo (2016), explained that when financial innovation is absent in a particular field of science, large scale innovation in that field is not possible. By contrast, with financial innovation any level of innovation is possible in any field of science. According to Lo, when financial innovation in a field is present, large scale innovation is possible in that field. Lo adds that financial innovation is a necessary and sufficient condition for any other innovation to occur. Furthermore, the global financial system has enough financial resources to solve all global health problems. This means that we have enough money in the world to support best quality health care for everyone. We however have lacked the technology to organize it.

To overcome this problem, Ubricoin will build financial incentives that will ensure continuous throughput of scientific innovation in service of health production in the developing world. To be successful, Ubricoin will have to reward all stages of knowledge production, beginning with primary school education. Education excellence reward system will offer tokens to primary school teachers, secondary school teachers, university educators, researchers and post university practitioners (Table 1). Service quality smart reviews will provide community of users the power to incentivize quality and eliminate mediocrity in academia and industry. Ubricoin self-executing smart review contract will be the most powerful tool to improve service quality and establish loyal customer base.

 

TABLE 1. SMART CONSTRACT INCENTIVES FOR KNOWLEDGE AND PERFORMANCE EXCELLENCE

Short Name

Program name

Qualifying criteria

PSTRP

Primary school teachers reward program

Attendance to class

Quality of teaching

Engaging students in practical work

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

HSTRP

High school teachers reward program

Attendance to class

Quality of teaching

Engaging students in practical work

Number of students qualifying to university

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

UTRP

University teachers reward program

Attendance to class

Quality of teaching

Engaging students in practical work

Number of graduating students successfully placed to employment

Follow-up with former students to discover their performance in professional life

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

OARP

Original academic research reward program

Accepted proposal by a peer-review process

Publication of original research in a peer-reviewed journal

Presentation of original research in an academic conference

Translation of original research into prototypes for the market

Commercialization of prototypes

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

PRP

Practitioner reward program

Professional service quality

Continuing professional development

Accepted practice research proposal by a peer-review process

Publication of original research in a peer-reviewed journal

Presentation of original research in a professional conference

Translation of original research into prototypes for the market

Commercialization of prototypes

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

ORP

Organizational reward program

Professional service quality

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

CRP

Consumer reward program

Consumer service quality

Use of Ubricoin for financial transactions

Buying locally produced products on Soko Janja

 

Incentives for high quality knowledge

We will issue Brevis to:

1.        Teachers who demonstrate commitment and dedication to student learning.

2.       University lecturers/ professors who demonstrate:

·         Quality knowledge transfer

·         Original research proposals, peer reviewed papers

·         Original research work presented in conferences

·         Research commercialization

·         Interest and commitment in reviewing of research papers

·         Publishing and running journals on Ubrica Journal System

Brevis will be issued based on a rating system, with those with good rating receiving the tokens..

 

Incentives for professional practice

We will issue Brevis to individuals who demonstrate good professional practice, work ethics and good customer service. These services will be rated by peers and consumers.

 

Incentives for Shopping on Soko Janja

To promote village level commerce we will offer tokens to people who buy things made from local manufacturers. You will receive reward for:

·         User registration

·         Providing additional profile information

·         Purchases through Soko Janja

·         Adding items to the inventory

·         Referring new users

 

Airdrops

We will offer Brevis to people who hold the Ubricoin on their wallets (holding).