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The company plans to use technology to solve specific injustices within modern slavery. Over time, when blockchain occurs, most people think of cryptocurrencies. This is something that Mark Blick, responsible for Diginex's government solutions, plans to change.
Diginex is a global solution of blockchain and financial services companies. It makes digital asset management and infrastructure support for blockchain transactions. The financial services company also works with governments and NGOs around the world. Design and implement blockchain projects for the public sector. It does this on a wide range of applications.
Partnership against slavery
The global blockchain solutions company has collaborated with the anti-slavery organization, The Mekong Club. The plan provides for the use of blockchain-enabled systems to select and eliminate supply chain injustices. The partnership should help more than 40 million people. This includes many migrant workers.
Matters relating to slavery, forced labor and trafficking in human beings are prevalent. But their process is often contractual. This involves the need for a digital system. The system should contain records of currency transactions, both Bitcoin and another cryptocurrency.
These records will allow workers' contractual details and workplaces to be properly registered on the blockchain. It will also be available for everyone to see. According to C.E.O Soric International, Mark Blick, Diginex is using blockchain technology to solve problems with modern slavery. It is focusing in particular on procurement and transparency on tariffs.
The partnership between Diginex and Mekong Club leads to project work with some organizations. They include people like the UN, NGOs and some scholars. Their purpose is to find out how a distributed register can better fight slavery, child labor and unfair labor practices. They also need to create blockchain-enabled voting solutions for governments and organizations.
Documentation and correct data management
The project will use data to help companies monitor worker migration. It will also fill in the associated costs imposed on workers. Coming together with NGOs, academics and auditors, the progress of the project will be enhanced.
They will work on the basis of a correct understanding of the key problems. They can then create a mobile application to secure contracts and maintain documentation. The documents will be kept in their original form. It will also help to prevent migrants from falling into the modern trap of slavery.
Most migrant workers are usually vulnerable to external parties. They are often subject to changes in employment contracts due to the change in position. Access to their original contracts in their host country may also be denied. This usually results in lower salaries and longer hours.
They regularly charge high rates for transportation, accommodation and recruitment. Sometimes, they can have their passports and identity documents taken from them.
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Summary
Item name
Can Blockchain release people stuck in modern slavery?
Description
The global blockchain technology company, Diginex, collaborates with the anti-slavery society, The Mekong Club to resolve specific injustices within modern slavery
Author
Ifeanyi
Publisher name
Coinpedia
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