Home Business Blockchain for Good: How New Technology Is Helping Those in Need in Novel Ways
1066

Blockchain for Good: How New Technology Is Helping Those in Need in Novel Ways

Blockchain for Good: How New Technology Is Helping Those in Need in Novel Ways
0
1066

There has been a lot of discussion about how cryptocurrencies and blockchain can transform the world’s economy — leaving paper money behind and going truly digital. Indeed, many crypto businesses are pursuing solutions which can eradicate inefficiencies in practically every industry, positively affecting the goods and services we use every day.

But away from the profit margins, is there any way that blockchain can be a force for good? Some not-for-profit organizations — as well as companies and individuals who want to give back to the community — have shown that there’s a promising future in which this technology can address some of the biggest challenges facing the world in the 21st century.

A real game “chainger”

Back in February, the international humanitarian charity UNICEF concocted a novel idea for helping children affected by the Syrian civil war. The premise was simple: enroll PC gamers with sophisticated graphics cards to use their spare capacity for mining Ethereum.

Whenever they were taking a break from the game or heading out, UNICEF’s program could be turned on — enabling them to make donations to war-torn families without losing out financially. It’s fair to say that the project, called Game Chaingers, was a success — over 59 days, with more than 12,000 computers involved, 85 ETH was raised to go toward UNICEF’s work in Syria.

Meanwhile, the World Food Programme is using blockchain to tackle hunger in impoverished areas through the “Building Blocks” scheme, with more than 100,000 refugees benefiting so far. Back in April, the Belgian government made a €2 million contribution to the project.

Encouraging voting

Around the world, there can be a lot of mistrust concerning the integrity of elections. Voters are often left disillusioned by results, and over time, this can result in disappointingly low turnouts. In a prime example of blockchain being used for good, several nations are exploring whether this technology could help return confidence to the electoral process.

Ukraine’s Electoral Commission is working with NEM on a pilot voting system, and American troops overseas are being given the chance to use a blockchain-based smartphone app for casting their ballots in the midterm elections — if they are from West Virginia. A Russian polling research center also announced its use of blockchain to monitor exit poll results for the presidential elections earlier this year.

Delivering scientific advancement

There are several companies working to improve patient safety by championing blockchain as an ideal place for storing patient records — eliminating the inaccuracies, inefficiencies and geographical barriers that can arise from paper-based documents. Not only would such solutions enable someone to receive identical treatment based on their medical history even if they were thousands of miles away from home, but their data could also be anonymized and used to make exciting discoveries that pave the way for new treatments and revolutionary drugs.

Blockchain is also helping cutting-edge scientific disciplines, such as genomics. Public South Korean biotech enterprise Macrogen, the country’s leading gene sequencing service provider, announced they were developing a blockchain-based platform together a with local tech firm. The partnership aims to allow the secure and private storage and transfer of large amounts of sensitive genomic and personal information.

Meanwhile, the Indian state of Andhra Pradesh, which is home to 60 million people, has started to embrace blockchain, with the view to give their population better access to predictive and personalized treatments. It has signed an agreement with Shivom, a genomics company, which will allow locals to sell their genetic information for research purposes, improving databases that are heavily focused on people of European descent instead of ethnic minorities. Both parties also hope this will advance treatments for cancer and other genetic diseases.

While India says blockchain is promising, government officials say they are “categorically denying”the future use of cryptocurrencies themselves in any manner — including in payment systems.

Giving back

Of course, the act of doing good doesn’t necessarily need to involve creating an entire blockchain platform. Following the rise in the value of cryptocurrency in recent years — especially during 2017 — many of those who invested wisely in this technology decided it was time to give back and started philanthropic projects where they could donate to the causes they were most passionate about.

One such example was the Pineapple Fund, where an anonymous benefactor turned their 5,104 BTC into $55 million with the sole goal of donating it to good causes. More than 60 charities have been supported since. In May 2018, the person behind the fund announced that their work was complete — and as reported by Cointelegraph, projects delivering clean water to sub-Saharan Africa, along with initiatives focused on digital rights prevention, were among those that received help.

Helping the unbanked

Other blockchain startups are attempting to address an issue which is leaving hundreds of millions of people financially disenfranchised. Across certain regions, such as Africa and Southeast Asia, overwhelming numbers of adults are described as unbancarized, meaning they do not have access to bank accounts, credit cards or the other financial services we take for granted.

A major reason why these individuals struggle to benefit from these services is because they lack a credit history. Based in the United States, BanQu allows refugees, the displaced and the world’s poorest individuals to establish an economic identity on the blockchain. When they interact with the organizations, businesses and governments around them, it helps to build a “vetted financial and personal history.” This information is then accepted by financial institutions as legitimate identification information.

Stellar, a payment technology built on the Ripple protocol, was also being put to good use by Oradian, which assists microfinance institutions in developing countries. In an example of remittances being successfully completed over blockchain, fostering financial inclusion, Oradian’s payment network has been built on Stellar’s platform. As of data from 2016, the results show that 300,000 Nigerians — the vast majority of them women — were able to transfer money using blockchain.

At the conference BlockShow Americas 2018, which is being held in Las Vegas on Aug. 20 and 21, 2018, Alex Mashinsky, founder of Celsius Network, and other experts will share their ideas about the usefulness of cryptocurrencies and how they can help the underprivileged. Celsius Network says it is working on a wallet that will help provide financial services to the underbanked.

BlockShow Americas, powered by Cointelegraph, follows the conference in Europe, which took place in Berlin back in May 2018. The event will be a place for dozens of exhibitors to come together — promising to offer new insights into the ways blockchain can be a force for good. BlockShow Americas will also address some of the key questions that affect the blockchain community — governmental initiatives, insights from central banks and the evolution of law and regulations.

Comment(1,066)

  1. Pingback: prices for cialis
  2. I wanted to put you the very little remark to be able to thank you the moment again on your pretty suggestions you have provided on this page. This has been simply strangely open-handed with you to offer unhampered precisely what many people would’ve offered for sale for an ebook in making some bucks for their own end, and in particular considering that you could have done it if you considered necessary. The advice additionally acted as a easy way to be aware that many people have a similar desire just as mine to figure out a good deal more around this condition. Certainly there are a lot more enjoyable instances ahead for folks who browse through your blog.

  3. Pingback: ivermectin coupon
  4. Thanks for your own work on this website. My mum take interest in setting aside time for research and it is simple to grasp why. We notice all relating to the powerful way you provide very helpful tips and hints via your website and therefore strongly encourage response from visitors on this subject matter while our own simple princess is without a doubt studying so much. Take pleasure in the rest of the year. Your performing a tremendous job.

  5. I am just writing to make you understand what a notable experience my wife’s girl had using your web site. She mastered so many pieces, which included what it is like to possess an excellent helping nature to let other people with ease learn some problematic things. You truly surpassed people’s expected results. Thank you for producing these precious, trusted, informative and in addition fun tips about this topic to Lizeth.

  6. Thanks for your own work on this website. My mother take interest in participating in research and it is simple to grasp why. My spouse and i notice all relating to the powerful way you provide valuable tips via your website and in addition recommend response from visitors on this subject matter while our own simple princess is undoubtedly studying so much. Take pleasure in the rest of the year. You have been performing a terrific job.

  7. Thanks for the tips on credit repair on all of this blog. What I would advice people is to give up the mentality that they can buy now and pay later. As a society we tend to do this for many things. This includes vacations, furniture, and items we want. However, you need to separate your wants from all the needs. While you are working to improve your credit score you have to make some sacrifices. For example you can shop online to save money or you can go to second hand stores instead of expensive department stores for clothing.

  8. Thanks for the recommendations on credit repair on this amazing site. A few things i would tell people is always to give up the particular mentality they can buy today and shell out later. Like a society we all tend to try this for many issues. This includes getaways, furniture, and also items we wish. However, you should separate the wants out of the needs. While you’re working to raise your credit score make some sacrifices. For example it is possible to shop online to save cash or you can visit second hand retailers instead of pricey department stores regarding clothing.

  9. I’m just commenting to let you be aware of of the extraordinary discovery my cousin’s daughter enjoyed going through your blog. She discovered lots of issues, most notably how it is like to have a very effective giving heart to have many others effortlessly gain knowledge of certain extremely tough matters. You really did more than my desires. Many thanks for displaying the helpful, healthy, educational and also easy thoughts on the topic to Gloria.

  10. Pingback: cialis 3 day pill
  11. Pingback: cialis 5mg tablet
  12. Pingback: viagra 2021
  13. Pingback: cialis soft
  14. Pingback: viagra for women
  15. Howdy would you mind stating which blog platform you’re
    using? I’m planning to start my own blog in the near
    future but I’m having a hard time deciding between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs and I’m looking for
    something completely unique.
    P.S Apologies for being off-topic but I had to ask!

  16. I’m not sure where you are getting your info, but good topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for wonderful information I was looking for this info for my mission.

  17. I realized more something totally new on this fat loss issue. 1 issue is that good nutrition is very vital whenever dieting. An enormous reduction in junk food, sugary food items, fried foods, sugary foods, beef, and whitened flour products could be necessary. Keeping wastes parasitic organisms, and toxic compounds may prevent targets for fat loss. While specific drugs in the short term solve the situation, the awful side effects usually are not worth it, and so they never offer you more than a momentary solution. This is a known undeniable fact that 95% of dietary fads fail. Thank you for sharing your opinions on this website. https://osteoporosismedi.com osteoporosis medications

  18. Whoah this weblog is great i like studying your articles. Keep up the great work! You recognize, lots of people are hunting round for this information, you can aid them greatly.

  19. When someone writes an post he/she keeps the thought of a user in his/her mind that how a user can understand it.
    So that’s why this article is great. Thanks!

  20. When is the outwit things of time to pick Clomid? In principle, steal the buy clomid online at the same days every day. Some report that fetching the drug before bed can forbear you be in the arms of morpheus through some of the side effects. Others do better if they palm the pilule in the morning. If you have another Clomid circle, you can shot entrancing it at a personal conditions of day

  21. I am not sure where you are getting your information, but good topic. I needs to spend some time learning much more or understanding more. Thanks for magnificent info I was looking for this information for my mission.

  22. Is red wine good recompense males. A lucubrate viagra no script from 2019 reports that males who drank rot-gut had a minor extent shame endanger of fatal prostate cancer, viagra herb viagra green box side effects and that red wine had links with a discredit risk of advancement to fatal disease.

  23. We are a group of volunteers and starting a new scheme in our community. Your website offered us with valuable information to work on. You’ve done an impressive job and our entire community will be grateful to you.

  24. I wikll immediateely tawke holpd off your rss aas I can’t too fond your e-mail suubscription link oor e-newsletter service.

    Do yyou have any? Pleaase permot me understand sso thgat I cold subscribe.
    Thanks.

  25. I will right away grab your rss as I can’t to find your e-mail subscription hyperlink or
    e-newsletter service. Do you’ve any? Please permit me realize so that I may subscribe.
    Thanks.

  26. Hey just wanted to give you a quick heads up. The words in your
    post seem to be running off the screen in Safari. I’m not sure if this is a
    format issue or something to do with web browser compatibility
    but I figured I’d post to let you know. The design and style
    look great though! Hope you get the issue resolved soon. Many thanks

  27. I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.

    It is pretty worth enough for me. Personally, if all site owners
    and bloggers made good content as you did, the web will be
    much more useful than ever before.

  28. I’ve been browsing online more than 3 hours today, yet I never found any interesting
    article like yours. It is pretty worth enough for me. In my opinion,
    if all web owners and bloggers made good content as you did, the net will be a lot more useful than ever before.

  29. It’s the best time to make some plans for the future and it is time to be happy.
    I have read this post and if I could I desire to suggest you few interesting things or suggestions.
    Perhaps you can write next articles referring
    to this article. I wish to read more things about it!

  30. I do consider all of the ideas you’ve presented for your post. They’re very convincing and will definitely work. Still, the posts are too short for newbies. Could you please extend them a bit from next time? Thanks for the post.

  31. Pingback: viagra vs cialis
  32. One thing I would really like to say is the fact car insurance canceling is a dreadful experience so if you’re doing the right things as a driver you simply will not get one. Some people do obtain notice that they’ve been officially dumped by their own insurance company they then have to fight to get supplemental insurance after having a cancellation. Cheap auto insurance rates are often hard to get after the cancellation. Having the main reasons for auto insurance canceling can help owners prevent getting rid of in one of the most critical privileges accessible. Thanks for the suggestions shared through your blog.

  33. It is the best time to make some plans for the future and
    it’s time to be happy. I’ve read this post and if I could I desire to suggest you some interesting things or tips.
    Perhaps you could write next articles referring to this article.
    I want to read more things about it!

  34. Hey there are using WordPress for your site platform?
    I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog?
    Any help would be greatly appreciated!

  35. A person essentially assist to make significantly posts I might state.
    This is the very first time I frequented your website page and thus far?
    I surprised with the analysis you made to make this actual post extraordinary.

    Excellent job!

  36. Pingback: otc cialis 2018
  37. I will immediately grasp your rss as I can’t find your email subscription hyperlink or newsletter service.

    Do you’ve any? Kindly permit me understand in order
    that I could subscribe. Thanks.

  38. Pingback: cialis otc date
  39. Pingback: ivy secret viagra
  40. We would like to thank you just as before for the lovely ideas you offered Janet when preparing her own post-graduate research and also, most importantly, with regard to providing many of the ideas within a blog post. In case we had known of your web site a year ago, i’d have been saved the nonessential measures we were selecting. Thanks to you.

  41. I have been browsing online more than 3 hours today, yet I never found
    any interesting article like yours. It’s pretty worth enough for me.
    Personally, if all webmasters and bloggers made good content as you did, the net will
    be much more useful than ever before.

  42. Hello There. I found your blog using msn. This is a
    very well written article. I will be sure to bookmark
    it and come back to read more of your useful info.
    Thanks for the post. I will definitely comeback.

  43. Hey just wanted to give you a quick heads up.
    The text in your content seem to be running off the screen in Chrome.
    I’m not sure if this is a formatting issue or
    something to do with internet browser compatibility but I figured
    I’d post to let you know. The design and style look great though!

    Hope you get the problem solved soon. Thanks

  44. It is the best time to make some plans for the future and it’s time to be happy.
    I have read this submit and if I may I wish to suggest
    you few attention-grabbing things or advice. Maybe you could write subsequent articles referring to this article.
    I desire to read even more issues about it!

  45. Its like you read my mind! You seem to know a lot approximately this, such as you wrote the ebook in it or something.
    I feel that you just could do with some percent to power the message home a little bit, however other than that, that is wonderful blog.
    A great read. I’ll definitely be back.

  46. Hi there would you mind letting me know which webhost you’re utilizing?

    I’ve loaded your blog in 3 different browsers
    and I must say this blog loads a lot faster then most.

    Can you suggest a good internet hosting provider at a reasonable price?
    Thanks, I appreciate it!

  47. positive affirmations law of attraction culture lounge , individual level determinants of health. community cat advocates buckfield maine lyrica anticonvulsant buy pregabalin , positive pregnancy test with bleeding environments name labels positive reinforcement examples in the classroom , positive affirmations in the morning positive affirmations you are enough? community acquired pneumonia journal articles community aid thrift store lancaster, community action partnership hastings ne positive words pinterest.
    community aid bins open , community advocacy legislation community bank joseph oregon community aid abroad vegetarian cookbook.

  48. I ave been surfing onlibe moree tha three hours aas of late,
    but I bby nno eans discovered anyy fascinating
    article like yours. It iss beautiful alue enugh
    for me. In myy opinion, iif aall sitte owneres and bloggers madde excellen content
    aas yoou probablly did, the neet ccan bee mucch more usefful than ever before.

  49. ms office software for mac free download drawing program website to buy Autocad software autocad 2020 software free download with. software industry growth 2020 office suite programs free engeeeneringu#$sssaunnplus , new software 2020 for pc. office like software for mac, 2020 software engineer program jp morgan software similar to 2020 design software testing 2020. 2020 software developer jobs leap office software free download for windows 7 32 bit, 2020 software kitchen design.

  50. I love what you guys tend to be up too. This type of clever work and coverage!
    Keep up the wonderful works guys I’ve added you guys to my own blogroll.

  51. Hi! I could have sworn I’ve been to this blog before
    but after going through some of the articles I realized it’s new to me.

    Anyways, I’m certainly happy I found it and I’ll be book-marking it and checking back often!

  52. It’s the best time to make some plans for the future and it is time to be happy.
    I’ve read this post and if I could I desire to suggest you some interesting things or suggestions.
    Maybe you could write next articles referring to this article.
    I desire to read more things about it!

  53. It’s perfrect tkme too mmake skme plas for tthe futre annd it’s timee to bbe happy.
    I’ve read this postt andd iff I could I wat to suggest youu some interestig thijngs orr suggestions.

    Mayb you ccan write ndxt articls rreferring tto this article.
    I desre tto reead even molre hings abolut it!

  54. Pingback: rx viagra
  55. I’ll right away seize your rss as I can not in finding
    your email subscription link or newsletter service. Do you’ve any?

    Kindly permit me know in order that I could subscribe.
    Thanks.

  56. I’ll right away take hold of your rss as I can’t in finding your email subscription hyperlink
    or newsletter service. Do you have any? Kindly permit
    me understand in order that I could subscribe. Thanks.

  57. I will immediately grasp your rss as I can’t find your email subscription link or e-newsletter service.

    Do you have any? Kindly allow me realize in order that I may just subscribe.

    Thanks.

  58. GO!!!
    This phrase was said by the first cosmonaut on Earth – Yuri Gagarin. (Yuri Gagarin)
    He was the first astronaut on Earth. He was Russian! …
    Now Russia is becoming a strong country, gas pipelines, a vaccine against COVID-19, an army.
    Is this very reminiscent of the communist Soviet Union?
    How do you think?
    Now we have total control in our country. I am interested in the opinion of foreigners.

    Албонумисматико

    ПОЕХАЛИ!!

  59. GO!!!
    This phrase was said by the first cosmonaut on Earth – Yuri Gagarin. (Yuri Gagarin)
    He was the first astronaut on Earth. He was Russian! …
    Now Russia is becoming a strong country, gas pipelines, a vaccine against COVID-19, an army.
    Is this very reminiscent of the communist Soviet Union?
    How do you think?
    Now we have total control in our country. I am interested in the opinion of foreigners.

    Албонумисматико

    ПОЕХАЛИ!!

  60. Pingback: lovoo free premium
  61. Pingback: 20mg cialis daily
  62. excellent issues altogether, you simply won a brand new reader. What could you recommend about your submit that you simply made a few days in the past? Any sure?

  63. I’ll right away grab your rss feed as I can’t find your email subscription link or newsletter service. Do you’ve any? Kindly let me know in order that I could subscribe. Thanks.

  64. Do you mind if I quote a few of your articles as long as I provide credit and sources back to your blog? My blog is in the exact same area of interest as yours and my users would genuinely benefit from some of the information you present here. Please let me know if this okay with you. Thanks a lot!

  65. Pingback: generic celexa
  66. Pingback: zanaflex 8 mg
  67. Pingback: cytotmeds.com
  68. What’s Going down i am new to this, I stumbled upon this I’ve discovered It absolutely helpful and it has helped me out loads. I hope to contribute & aid different customers like its aided me. Good job.

  69. Pingback: viagra doses