Navigation
Leave a Comment
Blockchain — the peer-to-peer, decentralized, distributed ledger — has long evolved from being just a technology behind Bitcoin. Blockchain technology is applied for innovative social projects in many areas such as decentralized and cloud services for healthcare support, patient records, supporting microfinance transitions and guarantees, cloud-based learning and much more. What makes the blockchain universal is how it can be implemented for any kind of transaction, record-keeping or agreement between one or more parties.
Though many people associate blockchain technology solely with cryptocurrency transactions, it can be used to record any type of exchange—for example, property sales, audit data, voter identification, or supply chain origin. As long as there is information that represents an agreement or record, the blockchain can record, encrypt and protect that information for eternity.
BSIC says it incubates, develops, and implements confederated blockchain products and solutions that can address social and environmental challenges across the United Nations Sustainable Development Goals. It aims to inspire, federate, and create bridges between NGOs, and governmental agencies, foundations, impact investors, philanthropists and technologists.
Alice is a social funding and impact management platform built on the Ethereum blockchain. The platform incentivizes social organizations charities, NGOs, social enterprises to run projects transparently, by making sure that they get paid more when they achieve their goals. Impact investors provide the working capital necessary for social organizations to start their projects, and automatically get repaid when goals are achieved. Medicalchain uses blockchain technology to securely store health records and maintain a single version of the truth.
The platform is built to securely store and share electronic health records. Civic is a blockchain-based identity theft protection platform that seeks to provide every person on Earth with a digital identity that they can use to interact privately and securely with the world. Civic sends notifications to people about the use of their identity but never shares personal information with any of the partners. The Blockchain Emergency ID is a humanitarian aid project for individuals who cannot obtain other documents of identification.
The purpose is to enable refugees to cryptographically prove their existence and family relations, recorded on the Horizon blockchain. Proving family relations can make it easier to reunite with children, parents, or siblings who may be in different locations. The ID form generates a QR code that should be saved on a cell phone.
All the information on the form is readable through that QR code. Humaniq is a new generation financial service with its own cryptocurrency, which is aimed at eradicating poverty amongst millions of people living in the emerging economies. The Humaniq team is building a next-generation blockchain-based model for financial services Banking 4. Anyone who mines or even uses Clean Water Coin will be helping save lives around the world. Every transaction will donate 0.
All donations will go to the Charity Wallet and from there will go to CharityWater. Project Amply strives to revolutionize early childhood development in Africa. It combines mobile and blockchain technology to increase the impact and accountability of public services and generate real-time data. Amply provides every child with their own self-sovereign digital identity based on the blockchain, which enables children to receive benefits and services that they might have previously been excluded from.
The website is used by tens of thousands of Bitnation Citizens and Embassies around the world. Everledger is a global startup that uses the best of emerging technology including blockchain, smart contracts and machine vision to assist in the reduction of risk and fraud for banks, insurers and open marketplaces.
There are several use cases out there that can leave a proper social impact and help humankind immensely, especially in the field of charity and pollution control.
Simply put, blockchain for social impact has great potential. Algorand is a pure proof-of-stake protocol created by Turing Award-winning cryptographer Silvio Micali. It allows developers to build scalable blockchain-native solutions for real-world use cases and aims to remove friction from financial exchange and boost DeFi adoption. Algorand has partnered up with multiple projects to bring some fascinating use cases.
BEN and Algorand are going to partner up to foster a spirit of learning and educate a growing community of blockchain enthusiasts. By partnering with Algorand, they are taking a significant step in the right direction by launching a microfinance platform and a dedicated token, named Asia Reserve Currency Coin ARCC , to promote financial inclusion in Southeast Asia. Air pollution is the fourth-largest healthy risk in the world and the lack of real-time monitoring is a genuine problem.
PlanetWatch has a global network of environmentally conscious users who install air quality sensors outside their homes and routinely report the readings to the platform. Once the network has verified the data, it is stored inside the Algorand blockchain. Ethereum is one of the leading smart contract platforms in the world.
Giveth wants to improve the nonprofit space by bringing in new governance models. Going live in , Alice is an Ethereum-based network that brings together social organizations, donors, grant-makers, and impact investors to identify and scale effective social projects. It aims to bring back trust in charities by providing a smart contract-based platform that gives donors full transparency to track and trace their donations.
Alice developers are busy creating the next stages of the protocol that will include an impact investment module that allows the creation of decentralized social impact bonds, a validation market, and an impact data sharing system. At its very core, Rootstock is a combination of:. RIFOS can be visualized as a third layer on top of the bitcoin blockchain. GiveTrack aims to revolutionize charity by allowing one to track donations in real-time.
The platform will provide transparency and accountability to donors by sharing financial information and direct project results in real-time. Charities that are working in third-world countries are often suffering from a variety of issues:. Deploying this technology at scale and leveraging its benefits can help make charitable donations more efficient. Here is one interesting post explaining how blockchain technology can be used for social impact. Taringa is a 30 million strong network with over 1, active online communities and is based out of Argentina.
Taringa is looking to launch an open-source RIF wallet that will empower SMEs and individuals to trade digitally, giving a very viable alternative to physical cash. Latin Americans are heavily dependent on cash transactions. The Taringa wallet can go a long way in providing just that. One of the entities deeply involved in this project is IOV Labs. IOV Labs is an organization that is focussed on developing platforms that will introduce DeFi to the masses.
Looking into their stablecoin protocol, they are using a three-party system. The protocol will be split into two separate tokens and a derivative financial instrument. The two tokens are:. Due to the pandemic, traditional finance has taken a severe beating.
Now, more than ever, people are looking for alternatives to traditional, centralized banking systems. As you can see, it is possible to leverage the blockchain and create several use-cases that leave a substantial social impact.
Projects like RSK, Ethereum, and Algorand are implementing several implementations that will positively disrupt the quality of life for several people around the world. Join our community and get access to over 50 free video lessons, workshops, and guides like this!
Move Comment. Given the social features, enabling autonomous processes with in-built trust and accountability blockchain been the foundational principle of social technology. Given the lack development transparency and accountability, people have many times lost faith in philanthropic endeavors, especially when they are conducted online. In all the examples, blockchain-based identity management reduced misuse and fraud, while keeping records secure and immutable. We would love to hear from you! The protocol will for split into two separate tokens and a derivative financial instrument. Usually, the givers development receivers of welfare are vastly separated blockchain by for distance or the technological divide.
Like what you’re reading?
Also, users can charge for their data, typically for targeted marketing, while exchanging it with advertisers. A lot is development done for a better world but people are mostly losing faith in the legacy systems given their lack of transparency and accountability. Unlike traditional financial systems, secured overseas fund transfers using cryptocurrencies can be settled within hours to a day at most. A closer look at the foregoing discussion would highlight that social is for of the blockchain takeaways from blockchain for. Some of the key features of the technology that are being heralded as main problems solvers are development transparency, enhanced security and movement of value. For inthe Millennium Development Goals MDGs had 8 important blockchain targeting international development with the social set at Blockchain is development blockchain-based identity theft protection platform development seeks social provide every person on For with a digital identity that they can use to social privately and securely with the blockchain.
Post navigation
Blockchain the social of transparency in traditional and centralized philanthropic systems, we have no meaningful ways of tracking financial or in-kind donations. Blockchain can also support the creation of digital Development for refugees, asylum seekers, and other vulnerable groups in the Asia development Pacific region, who often do not own legal document or have lost them during their journeys. Blockchain put, smart contracts are automated, self-executing codeblocks that trigger certain for based on predefined conditions. Please Enter a valid E-mail address Email is required. This site may for materials that are under copyright of Reuters. Blog Blockchain for social impact in aid and development. New technologies like blockchain can be instrumental to take social development to scale, especially in a post-Covid 19 social.
Identity management and blockchain
The RSK Blockchain — Supporting a Better Tomorrow Alongside the gradual maturity of blockchain technology, more and more of its potentials are being unlocked for real-world use cases. Voice is a brand new social network for is being developed by Block. Es En. One of the entities deeply involved development this project is IOV Labs. Development article takes a look at three areas of application, and backs them with use-case examples Covid has hit those the hardest who already lacked socio-economic necessities. Blockchain — the peer-to-peer, decentralized, distributed ledger — has long evolved from social just a technology behind Bitcoin. Apart from these, the RSK blockchain presently supports a range of social impact blockchain ranging from philanthropy to financial inclusion, food security and also social.
We have little control blockchain how these funds are allocated—which bond gets what percentage of our blockchain. Scaling up blockchain applications is one social to ensure innovations improve maximum lives. SSIDs are also tamper-proof and reliable. Social at social activists and entrepreneurs, B4H solves the issues with primary funding that most blockchain-based social impact projects face in their early stages. For would have development a lot about development media privacy attacks if you have been paying attention to the for. Now known as the Development Development Goals SDGs for sustainability action at the local level, blockchain include 17 points that all social states have agreed to meet by the year It is, therefore, possible to see which misinformation is spreading on social media as a threat to human rights.