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There is a lot of misinformation about the essence of the blockchain. Many consider the digital ledger to be a money-making machine for technologically inclined ones, especially because news on the capital base of the cryptocurrency industry spreads like a fire.
What do we know about the blockchain?
The digital ledger provides a reliable base of support for the growth of other platforms aimed at solving any of the challenges in today's world. The absence of intermediaries is one of the attractive advantages of the blockchain.
The digital ledger seems ready to tackle some of the biggest problems facing our world today, although it is still at the beginning of technology. Currently, blockchain has been laboring in many areas of which many are unaware.
Here is an overview of some of the blockchain inputs to protect the human rights of people around the world.
Rescue of the situation of refugees
Refugee figures increase at a geometric rate and there is so much to do to curb the threat. A mix of digital currencies and blockchain has proved useful in improving the suffering of some of these refugees. The World Food Program (WFP) announced by the United Nations has shown the power of blockchain and cryptocurrency by providing aid to Syrian refugees through a joint effort of markets, cryptocurrency platforms and blockchain.
Accessibility to information on the medical record
One of the problems that shake the health sector is the lack of a unified database of medical records that can be accessed by medical professionals for the proper treatment of their patients.
The Bill and Melinda Gates Foundation intends to revolutionize the health sector using blockchain. The foundation initiated the process of creating a decentralized blockchain-based platform in which licensed healthcare professionals can access their patients' data without having to wait long for feedback from a distant clinic. Your doctor will be able to add more information as the patient's situation progresses. Furthermore, the patient can check the information entered in the database from their devices.
This will certainly improve the efficiency of the health sector as doctors and other health professionals have access to more information that could affect a diagnosis.
Revised electoral process
While democracy has come to be in many nations, this type of government has its fair share of problems. In countries all over the world, transparency in the electoral process is a key issue that has triggered protests and violence when the losing party feels betrayed.
Blockchain can help improve the electoral process. (Source)
The concept of thumb printing on paper should be in the past, but electronic voting has remained unexplored, especially in developing nations due to trust issues. Blockchain could change it. Because the security features of the digital ledger are high-level and its high level of transparency, technology could be the best chance of free and fair elections.
In fact, some startups have started working on creating blockchain-based applications that eliminate the notions of irregularities because the system is self-sufficient and decentralized. Voters are not left behind because these start-ups intend to make the voting process easy by ensuring that voting can be done using their phones.
Closing of the financial gap
One of the ways in which more people have remained above the poverty line in many of the developing countries of Africa is the financial assistance provided by their loved ones outside the continent. While taxes on transfers to those in these developing regions are usually high, intermediaries have contributed immensely to reducing wages to those on the continent.
Both blockchain and cryptocurrencies can help those affected by these swollen expenses. The startups have developed digital ledger-based platforms to transfer money without the heavy commissions that global corporations like WU have become known for.
Stellar Development Foundation has favored the easy transfer of financial resources from loved ones in developed countries to their families in Africa and the Philippines, regardless of their financial capabilities.
The end of modern slavery
As much as we try to minimize the existence of slavery, some people still practice the mysterious act. The food industry, especially on the Asian continent, is the biggest culprit. While everyone would like to boycott the offending companies, identifying who is really involved in this disgusting act can be a difficult question.
An adequate information on the food supply chain can change things. Some startups have started the process of filing details on the food supply chain inside the blockchain and making it available to the population. This has the knock-on effect of denying the use of forced labor in the sector concerned.
Final thoughts
The impact of the blockchain transcends those described above. In fact, we have not scratched the surface of the enormous capabilities of the digital ledger. With the contribution of more enterprising individuals, there is more we can achieve for everyone on the planet and in the world at large.
(Featured image of DepositPhotos)
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DISCLAIMER: this article expresses my ideas and opinions. Any information I have shared comes from sources that I believe to be reliable and accurate. I have not received any financial compensation for writing this post, nor do I have any participation in any of the companies I mentioned. I invite any reader to do their own diligent research before making any investment decision.
