Stringing blockchain technology for effective social, philanthropic impact
In relation to blockchain technology, cryptocurrencies like Bitcoin appear to dominate the headlines and occupy a lot of the house in public discourse, whereas blockchain itself – the cryptocurrencies’ underlying technology – usually will get ignored.
What lies forward for Bitcoin and lots of cryptocurrency tasks is unsure, whereas in distinction, the way forward for blockchain tasks, outdoors the area of foreign money, appears compelling.
Applied sciences like blockchain open a world of alternative for constructive social impact. Every single day we’re impressed by enterprises, governments, and NGOs that make this a extra inclusive, truthful, and sustainable world. As a result of when the world is a stakeholder, the way you develop issues.
Main firms have seen this more and more sturdy connection between belief and progress and need to advance their companies in ways in which not solely meet their enterprise targets, but additionally profit folks, communities, and residents.
Have you ever heard of the traditional story of the “pink string”? No? Nicely, let me let you know. An historic East Asian legend goes that an invisible pink string of destiny binds us to folks we’re destined to fulfill. It says destiny connects us to folks the world over we wouldn’t in any other case meet.
As we speak, blockchain is that pink string – a digital thread, eradicating anonymity all through the worldwide provide chain and connecting us all. This inspiring technology can root out corruption and empower extra folks to take part in an moral financial system.
And what’s extra, the string is considerably gaining momentum in our each day life because the intertwining technology is gravitating us in direction of not simply belief and efficiencies, but additionally significant social impact.
Let me share some real-world examples of how this technology will showcase the worth impact of blockchain and crypto.
In India, for occasion, the Akshay Patra Basis by way of the technology intervention of Accenture has been offering mid-day meals to tens of millions of faculty children by combining blockchain with AI and IoT.
Yet one more social impact case will be traced to the Philippines. Sometimes, poorer communities within the creating world bear the brunt of plastic air pollution. A brand new digital fee system within the Philippines has now sparked a clean-up revolution.
An initiative by the Bounties Community, Coin. ph, and ConsenSys to incentivize people to wash up a polluted shoreline in trade for digital funds. One other initiative in Bali referred to as – The Plastic Change, is a sustainability motion that empowers communities to alter their waste habits by way of dignity-based trade techniques that end in a cleaner, more healthy environments and can quickly implement a group utility token, an initiative by Intercoin and the India Blockchain Alliance, to reward good social practices.