What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
Giving Compass' Take:
• From protecting freedom of information to helping disaster victims, this Hacker Noon post (via Medium) explores how blockchain has proven useful in the social sector.
• What might be some of the concerns for nonprofits and other organizations who want to use this technology? How does accessibility play a role?
Most blockchain projects are aimed at raising funds and generating profits with meaningless products, but some of them are designed to help those in need, through joint efforts of the community, solve acute social problems and conduct non-commercial activities in the fields of ecology, health, and education.
The blockchain technology and smart contracts make it possible to take part in resolving global problems, including transferring donations to any part of the world, making this process relatively transparent and fair. As the year 2018 finished, I had enough time to reflect on all projects we met, seen or touched throughout all verticals, but focused on social good. From how the cryptocurrency donations can affect the salvation of the protected zones of the world ocean, to fight against censorship and stop aging.
Read the full article about blockchain being used for social good by Anton Mozgovoy at Hacker Noon, via medium.com.