Implementation of an educational model leveraging the power of incentive reward theory with Blockchain

Abstract

Recent studies conducted to investigate the reasons for an alarming decline in the performance of undergraduate students have thrown up a few compelling facts. These necessitate our immediate attention. Demographic shuffling along with lack of intrinsic motivation stand out as the cardinal reasons among other miscellaneous ones. There is a need to introduce programs that perk up one’s persistence level and provide the missing tangible incentive for a purposeful engagement with our education system. The paper endeavours to fulfil this requirement through the use of Blockchain (cryptocurrency) guided by the principles of extrinsic motivation theory.