Decentralised Sustainable Employment Ecosystem
Published on : Monday 02-01-2023
The DSEE king of platform can act as a national platform for employment generation, says Utpal Chakraborty.
Many countries across the globe have been successful in building infrastructure, enhancing defense capabilities, expanding education, promoting technology and rapid digitisation, and in many other avenues. But most of the governments across the globe have failed to tackle the growing unemployment over the last few decades. Unemployment is the biggest challenge for the entire world today and has direct adverse impact on the economy and social setup of a nation as well as humankind at large.
The conventional approach of generating employment has already failed miserably and all such missions had very little or no outcome. Governments across the globe have invested huge funds for producing jobs and came out to be drastic flops. Even turning the coin to a traditional entrepreneurial model, like encouraging start-up ecosystems, has very little contribution to the larger issue. These clearly indicate that we are approaching the problem from a wrong direction.
Decentralised Sustainable Employment Ecosystem (DSEE) is going to be the future of employment generation.
The pandemic has already proved that many of the job functions are evolving into self-managed, decentralised, entrepreneurial, community-supported model wherein people are more comfortable with freelancing (not exactly freelancing but I am using an analogy) kind of a flexible model rather than a conventional nine-to-six office going, fixed-salary employment model. Increasingly, enterprises are also comfortable to get the work done cheaper from some expert hailing from a trusted tech community rather than hiring full-time employees for short-term and need-based projects.
This transformation in the employment ecosystem is a positive sign that can solve the unemployment problem to a great extent. The only components required are to support this new evolving model with an ecosystem empowered by strong platform(s) and communities and endorsement from Governments and Enterprises. For one, a DSEE can serve the purpose of skilling or up-skilling professionals and prepare them to take up matching assignments; on the other hand, it can facilitate enterprises to offer a range of assignments that require specific skills and expertise.
On a broader level there are two major aspects of the concept – DSEE, the core philosophy behind it, and the technical architecture to support such an ecosystem. The core philosophy may sound a bit similar to a DAO (Decentralised Autonomous Organisation) but in reality, it is beyond a DAO and there are other elements that make it sustainable. Again, sustainability is another core component of a DSEE. The technical architecture and the technology stack of DSEE are somewhat similar to a Web3 DAO but there are some fundamental dissimilarities when it comes to DSEE. We will discuss more on this in the Part-II of the article. Of course, DSEE brings the flavour of decentralisation and transparency with powerful Blockchain as backbone and strong community guidelines and security.
Industry and academia collaboration in the DSEE is also essential. On one hand, academia supplies the talent and on the other hand industry generates projects and assignments. Academia also plays an important role in many R&D related initiatives and utilises those in the industry specific use cases.
This kind of a platform (DSEE) can act as a national platform for employment generation if nurtured well and endorsed by the Government by encouraging talents and syndicates to join as independent entrepreneurs; and enterprises to support such ecosystems by offloading their work to be accomplished to the DSEE platform. A decentralised ecosystem like DSEE is both employee and employer friendly, that can boost the economy in contrast to the traditional centralised ecosystem that introduces disparity in the work and employment balance.
Support and Endorsement from the Government is essential for such an ecosystem to flourish. It’s a big employment culture change, and only Government support can democratise such concepts and ideas. Government can encourage such initiatives by offering various benefits and bring policies to support such noble initiatives for the betterment of the country and its citizens.
We will discuss more on this in the Part-II of the article.
(Views expressed above are personal opinions of the author.)
Utpal Chakraborty is Chief Digital Officer at Allied Digital Services Ltd. A former Head of Artificial Intelligence at YES Bank, he is an eminent AI, Quantum and Data Scientist, AI researcher and Strategist, having 21 years of industry experience, including working as Principal Architect in L&T Infotech, IBM, Capgemini and other MNCs in his past assignments. Utpal is a well-known researcher, writer and speaker on Artificial Intelligence, IoT, Agile & Lean at conferences around the world.
His recent research on machine learning titled “Layered Approximation for Deep Neural Networks” has been appreciated in different premier conferences, institutions, and universities.
