You Need to Know What the BSIC is all About!
As the world aims to fulfill the objectives outlined in the UN goals, organizations such as the BSIC have developed pertinent blockchain technologies to tackle persistent global issues. BSIC stands for Blockchain for Social Impact Coalition and does precisely that: it enables the development and deployment of blockchain technologies to solve global issues such as poverty and hunger. BSIC has established four target areas: Energy and Environment, Identity and Vulnerable Populations, Supply Chain, and Financial Inclusion. Through these areas, the BSIC can instigate efficient, safe, and scalable blockchain projects that are financially feasible.
The BSIC utilizes Ethereum blockchain technology and began partnering with companies such as Disberse, slavefreetrade, New America: Future Property Rights, and Sustainability International in 2018. BSIC has strong connections with NGOs and impacts communities through its focus on decentralized networks and technologies. Unlike centralized systems, decentralized systems don’t involve government regulation, thus promoting collaboration amongst independent organizations and preventing political corruption. For this reason, the BSIC can hold hackathons and tech-related events that encourage competitors to create technologies that create more secure voting systems.
I am very interested in the MyPass Digital Identity Project led by Adam Wiedemann, an advisor of the BSIC. This project mitigates the effects of poverty by enabling people experiencing homelessness to have a secure digital locker to store personal documents and information. I hadn’t understood the necessity of having a secure digital locker until I realized that having one is crucial to authenticate legal statuses and information.
The options are endless with blockchain technology. It utilizes advanced cryptography and check-and-balance systems to ensure that all transactions are secure and valid. As public awareness of these organizations and technologies emerges, I am excited to see what the BSIC will do next to address the UN goals.
What an informative blog post in terms of addressing the potential impact of blockchains. Can hou elaborate on "the BSIC can hold hackathons and tech-related events that encourage competitors to create technologies that create more secure voting systems"? Sounds like we'll be hearing more from you on blockchains:-) While this is an intro, you still want to post links to your sources so others can read up on the topic should they choose to do so. Also include a photo or two going forward.
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