Maester Protocol (MAP)

What is Maester Protocol

The evolution of internet and smartphones has completely changed the way people search for information & services. People seek results immediately and this phenomenon has led to the birth of On-demand Economy. On-demand economy is rapidly expanding across the globe and will continue to envelop new industries year after year. The largest category of on-demand spending is online marketplaces (e.g. Ebay, Etsy, Amazon), Transportation (e.g. Uber, Lyft, Ridejoy), food/grocery delivery (e.g. Delivery Hero, Foodpanda, Instacart), Entertainment-OTT (e.g. Netflix, Hulu, Amazon prime) and home services(e.g. Taskrabbit, Home depot).

The Professional consulting industry is estimated at about $250 Billion globally, growing at a CAGR of 4.1% every year. This is the organized consulting market where consulting companies are giving solutions to corporates in the field of technology, financial services, strategy, HR etc. The unorganized consulting market, however, is much larger and mostly unaccounted for. Need-gap analysis of the consulting industry clearly showcases its potential as one industry that is waiting to be disrupted by the on-demand economy and take it on a high growth trajectory just as hyper-local on-demand delivery companies have disrupted and organized the unorganized market in retail and food delivery.

Knowledge is by far the most important ingredient of a person's success recipe, leading people to learn and search for more everyday. However, due to the open nature of the internet, there is lot of available over the internet people can end up spending hours searching for the right information and still not be sure of its authenticity and relevance to their queries. Eventually, people often tend to search for professional experts who in turn charge some fee for their time. Large corporates take the help of consulting companies which act as mediators but end up charging 30-60% of the professionals' consulting fees. Individuals and small businesses do not go through consulting companies, they rather find professionals on social platforms like LinkedIn and try to connect with the professionals directly but most of the times, the conversation doesn't happen simply due to the time it takes for the client and the professional to connect and agree to a fee schedule. After much back and forth even if they are able to proceed, the fulfillment process is broken because while advance payments and over-budget consultations are a worry for the clients, professionals remain insecure of pending payments and in sharing financial and personal contact details to unknown people.

Maester Protocol is the first of its kind blockchain based protocol for On-demand consulting enabling people to quickly search for skilled professionals globally, talk to them instantly and pay automatically based on their consultation time, at virtually zero cost.

Maester is a term borrowed from the popular fantasy television series - The Game of Thrones, where Maesters are an order of scholars, healers, and learned men in the Seven Kingdoms. Due to their scientific and intellectual pursuits, they are sometimes referred to as "the knights of the mind". We believe every one of us has a skill or knowledge that others can imbibe from us and hence we call our users ‘Maesters’ and the digital currency associated, Maester Coin.

Blockchain technology has opened up the possibility for borderless peer to peer transactions through cryptocurrencies. Maester Protocol exploits the power of the blockchain and provides an intuitive user experience to attract everybody who wants to get personalized answers instantly, globally & at zero commission.

Now, people can search for generic or factual information on internet but for specific questions, personalized opinions and verified information, they can use Maester protocol to talk to professionals, on-demand. Professionals too can set up call rate and availability and offer consultancy without worrying about payments after the call or the high bank charges.

Maesters can post blogs, pictures and videos on the platform showcasing their skills or knowledge about the subject to establish thought leadership. This is called Professional Reputation Management or PRM. The Maester protocol through its proprietary algorithm generates a PRM score for every user by analyzing user demographic & activity variables using typical data mining technique of logistic regression. Additionally, fraud analytics, application scorecard, collections scorecard and churn propensity prediction models are created to scrutinize customer behavior. PRM score along with user generated rating and reviews can be utilized by users to evaluate the Maester before engaging in a paid conversation.

Not only does the On-demand consulting protocol solve the problem of an existing digital consultation market for people/companies from knowledge based industries, it also has the power to create a brand new and much bigger market by enabling ordinary people having any informal, non-fancy, everyday life skills to monetize their skills and create extra income. Maester Protocol empowers every user on its platform to become self-reliant and financially independent thereby fostering the spirit of entrepreneurship. Anyone can be a Maester and earn more with Maester Protocol.

SOLUTION: INTRODUCING MAESTER PROTOCOL

Maester protocol holds the solution to all the above-mentioned problems of the consulting industry and shall enable digitizing both organized and unorganized segments.

The protocol offers the perfect fitting tool which can help people share information anywhere, anytime and still be very user friendly, quick to setup, cheap and most importantly highly secure.

INTRODUCTION

Maester Protocol is a set of rules built on blockchain technology and forms the backbone of the Maester Platform. The protocol is set up through a smart contract on the Ethereum blockchain. The Maester protocol handles the process from call initiation to call completion automatically, saves data on blockchain and executes payment transfer standing instructions. The first step includes storing all the information of both the parties engaged on the call, such as call rate per min, availability, PRM score, rating and reviews, wallet balance and all the attributes of the user’s profile. The next step includes computations of call parameters every second, signed by the private keys of both the parties and lastly, updating callers data, wallet transfers and settlements on call completion.

Maester protocol is the first of its kind blockchain based protocol built to enable on-demand consulting. It allows users to quickly search for skilled professionals, talk to them instantly and pay automatically based on their consultation time at virtually zero cost.

While it enables professionals (or ‘Maesters’) to build their reputation and lets them easily monetize their following without having to worry about payments, frauds or identity thefts, it also saves millions of man-hours of knowledge seekers who can improve their work efficiency by consulting verified Maesters, on-demand.

Not only does the Maester protocol solves the problem of an existing digital consulting market for people from knowledge based industries, but it also has the power to create a brand new and much bigger market by enabling skill based experts to monetize their skills or passions. Maester protocol empowers every user on its platform to become financially independent and self-reliant thereby fostering the spirit of entrepreneurship. Anyone can be a Maester and earn more with Maester Protocol.