How the new technology helps the needy in new ways


There has been much discussion about how cryptocurrencies and blockchain can transform the world economy – leaving paper money behind and becoming truly digital. In fact, many cryptographic companies are pursuing solutions that can eliminate inefficiencies in virtually every sector, affecting positively the goods and services we use every day.

But far from profit margins, is there a way in which blockchain can be a force for good? Some non-profit organizations – in addition to companies and individuals who want to return to the community – have shown that there is a promising future in which this technology can address some of the biggest challenges the world faces in the 21st century [19659003] A real "chainger" game

In February, the UNICEF international humanitarian organization invented a new idea to help children affected by the Syrian civil war. The premise was simple: enroll PC players with sophisticated graphics cards to use their unused capacity to extract Ethereum.

Every time they took a break from the game or went out, UNICEF's program could be activated – allowing them to make donations to war-torn families without losing financially. It is fair to say that the project, called Game Chaingers, was a success: more than 59 days, with over 12,000 computers involved, 85 ETHs were collected to go to the work of UNICEF in Syria.

Meanwhile, the World Food Program is using blockchain to tackle hunger in poor areas through the "Building Blocks" scheme, with over 100,000 refugees benefiting so far. In April, the Belgian government contributed 2 million euros to the project.

Encouraging the vote

Throughout the world, there can be a lot of mistrust about the integrity of the elections. Voters are often left disappointed by the results, and over time this can lead to a very disappointing turnout. In a first blockchain block example, several nations are exploring whether this technology could help restore confidence in the electoral process.

Ukrainian Electoral Commission is working with NEM on a pilot voting system and US troops abroad are given the opportunity to use a blockchain-based smartphone app for medium-term voting term, if they come from West Virginia. A Russian electoral research center has also announced the use of blockchain to monitor exit poll results for the presidential elections at the start of this year.

Provide scientific advancement

There are several companies working to improve patient safety by supporting blockchain as an ideal place to store patient records – eliminating inaccuracies, inefficiencies and geographical barriers that may result from paper documents. These solutions would not only allow 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 made anonymous and used to make interesting discoveries that open the way for new ones. revolutionary treatments and drugs.

Blockchain is also helping avant-garde science disciplines such as genomics. Macrogen, a South Korean public biotech company, the country's leading gene sequencing service provider, announced that they were developing a blockchain-based platform with a local technology company. The partnership aims to allow safe and private storage and transfer of large amounts of sensitive genomic and personal information.

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

While India claims that the blockchain is promising, government officials say they are "categorically denying" the future use of cryptocurrencies themselves in any way – even in payment systems [19659003] Return [19659003] Of course, the act of doing well does not necessarily need to involve the creation of an entire blockchain platform. Following the increase in the value of cryptocurrency in recent years, especially during 2017, many of those who have invested wisely in this technology have decided that it was time to return and start philanthropic projects in which to donate to the causes of greater passion . [19659002] One such example was the Pineapple Fund, in which an anonymous benefactor turned its 5,104 BTC into 55 million dollars with the sole objective of donating it to good causes. More than 60 charities have been supported since then. In May 2018, the person behind the fund announced that their work had been completed and, as reported by Cointelegraph, the clean water supply projects to Sub-Saharan Africa, together with initiatives focused on the prevention of digital rights, were among those who received help. [19659003] Helping the unbanked

Other blockchain startups are trying to tackle a problem that is leaving hundreds of millions of people financially deprived of their rights. In some regions, such as Africa and Southeast Asia, the overwhelming number of adults is described as non-anarchist, which means they do not have access to bank accounts, credit cards or other financial services we give to discounted.

One of the main reasons why these individuals struggle to benefit from these services because they do not have a credit history. Based in the United States, BanQu allows refugees, displaced persons and the world's poorest individuals to establish an economic identity on the blockchain. When they interact with organizations, businesses and governments around them, it helps to build a "controlled personal and financial history". This information is therefore accepted by financial institutions as legitimate identification information.

Stellar, a payment technology built on the Ripple protocol, was also used by Oradian, who assists microfinance institutions in developing countries. In an example of successfully completed blockchain remittances, by promoting financial inclusion, the Oradian payment network was built on the Stellar platform. Starting from the 2016 data, the results show that 300,000 Nigerians – the vast majority of them women – were able to transfer money using blockchain.

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

BlockShow Americas, produced by Cointelegraph, follows the conference in Europe, which took place in Berlin in May 2018. The event will be a place for dozens of exhibitors to come together – promising to offer new insights on the ways in whose blockchain can be a force for good. BlockShow Americas will also address some of the key questions about the blockchain community: government initiatives, insights from central banks and the evolution of laws and regulations.

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