Social Impact Blockchain Projects
Blockchain technology has the capacity to empower communities across the globe. We have assembled a list of case studies showcasing how blockchain technology can address social and environmental challenges.
The World Bank says transaction fees average 7.45% annually, and blockchain technology has the potential to significantly reduce that number.
By using blockchain technology, the full remittance amount is received by the beneficiary almost instantly, and most beneficiaries are located in impoverished countries. Blockchain technology can greatly reduce the complexity and length of the transaction chain, accordingly lowering fees. Given its ability to record and keep track of assets, blockchain technology can help nonprofits keep track of how much assistance is being provided and that it is reaching beneficiaries in the most efficient and effective way possible.
Blockchain-powered cryptocurrency wallets are an effective way for non-governmental organizations to receive donations through a secure and auditable platform. MLG, in partnership with GBC, launched the Sinai Health Foundation’s first cryptowallet . If you’re interested in setting up a secure platform to receive donations, we can help.
Nearly 2 billion people worldwide do not use a bank system to manage their finances. Without access to financial services, the ‘unbanked’ must rely on cash-based economies and are denied access to loans, mortgages, and credit cards, for example. Providing access to financial services through blockchain-powered solutions can empower individuals to break the cycle of poverty and contribute to the world economy.
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We gather organizations, startups, and individuals that might not otherwise work together, and give them a place and a process to get things done.BECOME OUR NEXT CASE STUDY