Experty — The beginning or the end of the Expert Network Industry?

GLG, Alphasights, Third Bridge and Guidepoint are the leading companies in an industry you’ve likely never heard of: Expert Networks. Yet with their clients responsible for trillions ($) in assets and GLG alone forecasted to have made $400m revenue in 2016, their influence isn’t one to ignore. Expert Networks typically connect their clients, consultancies and institutional investors, with subject matter experts. Having worked on all 3 sides of the process as an Expert Network analyst, client and SME, it’s an industry I follow with vested interest. The process:

1. SME’s set their hourly rate
2. The expert network mark this up or charge a fee to investors to access their database
3. The consultation takes place (usually in-person or over the phone)
4. The Expert Network verify the consultation has taken place
5. The Expert Network then pay the SME, bill the client and pocket the difference

Even in it’s simplest form, inefficiencies in this process are clear: Confirming the length of the call, settling payments and the lack of transparency in pricing. Enter Experty. A decentralised application on the Ethereum blockchain that aims to “offer an avenue to connect two or more people so that they may conduct a paid knowledge exchange”.

Read the full article here

https://blog.goodaudience.com/experty-the-beginning-or-the-end-of-the-expert-network-industry-24d6213563c9