Blog

How This Entrepreneur is Using Blockchain to Solve an Economic Crisis

Venezuela is going through what’s called hyperinflation, wherein their dollar is essentially worthless. And to introduce the problem, David Hay gestured toward a huge pile of Venezuelan cash (bolívar), enough to buy you a brand-new Lamborghini just three and a half years ago.

Guess what he bought that cash pile just days before he made the speech? $80 USD.

But how did we get here?

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“But where is the money going?"

In 2018, the crypto community has invested $6.3 Billion USD into blockchain startups through ICOs. Other than generating personal wealth, personal trading profit, how many of these projects really effect a positive change to society?

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Cecile Baird
Coindesk: Crypto Utopia? Defining the Greater Good in a Blockchain World by BC4G

Cecile Baird and Simon Chan of Blockchain For Good (BC4G), a think tank that aims to bring together minds from around the world to explore and debate the development of blockchain, for the greater good of humanity, society, economy and the environment.

In this opinion piece, Cecile Baird and Simon Chan argue that we need a duty of care today, for a humanised blockchain future tomorrow

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Cecile Baird
Dear Humans, stop the traffik

Blockchain For Good and STOP THE TRAFFIK is forming a coalition to harness the power of people and emerging technologies such as blockchain to shine a light on modern slavery and generate systemic disruption at all levels.

Modern slavery is a hugely profitable industry with very low risk; its perpetrators are rarely brought to justice. What’s more, unlike a drug or a gun that has a one-off or limited use, people - men, women and children – can be exploited and abused day in, day out, for years. And it could happen to anyone, in any community in the world…. in any industry, in any supply chain, for any brand that you or I consume. In fact, it would not be presumptuous to assume that you are probably wearing something right now that has been tainted by modern slavery. 

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Master Ledger 2077: A Blockchain Blockbuster

What would life look like if blockchain underpinned our society, businesses, and government, in the same way the internet transformed our lives?

In Blockchain For Good's first blog, Simon Chan, founding partner of Blockchain For Good, imagines Chicago in 2077. It's an efficient, prosperous and secure society where all interactions and transactions are recorded on a Master Ledger. However when his heroine, Caroline, witnesses a kidnapping, she discovers a hidden side to this seemingly utopic world. 

 

 

 

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