Because of the following reasons:
* it has to be distributed and federated
* no one entity should control the data
* it has to be tamper-proof
> You even mention in the writeup that this behavior exists in other countries already - which means it already can be achieved without this technology.
Yes, the system exists. But it does not have the attributes mentioned above because those systems are controlled by single entity.
> Heck, in the US there are already educational institutions that charge a portion of future salary rather than a tuition.
Yes, I know. But I am trying to make this universal, a platform for everyone to use. My vision is that government will start funding education using equity rather than debt. That will promote life-long learning and reskilling without putting students into debt. That is a win-win for everyone.
> You spend a huge amount of time describing the merits of this approach and (as far as I can tell) zero time describing what your software actually does, even when digging into the page that contains additional details.
At the core the platform acts as a ledger that maintains records of monetary and non-monetary transactions between various stakeholders in education. The stakeholders are government, education institutions, students, businesses and policymakers. The non-monetary transaction is education "service" provided by education institution to students. That record is maintained by the platform to connect students to each education institution and its staff. And the monetary transactions are funding and grants received by education institutions from government for providing education per student; this indirect government funding of student education acts as investment in that student which the student pays back as dividend rather than loan-repayments. That way the students are not in debt but are still obliged to payback via auto-deduction from their income. This whole system is automated and handled by the proposed platform. Think of this platform as a distributed ledger that maintains connections between various stakeholders in education, and what those connections are used for. And based on that information the students are funded for education. And when the students start generating income, then a small percentage of that income is autodeducted and distributed automatically to those involved in that students education.