save the children tshirt

Blockchain and charity: the strange couple

26 January 2023

Category

Blockchain is not just a new way of making money, but it could be also a new model to make charity. On the occasion of the final conference of the Blockchain & Distributed Ledger Observatory, Save The Children was selected by Digital Innovation Observatories among the beneficiaries of a demo on the functioning of onchain voting in a DAO. This demonstrated the potential of blockchain technology and a possible application in the field of charity.

During the event funds was raised in stablecoins among t Partners and Sponsors and this given the opportunity to all event participants to scan a QR Code and redeem an #NFT ERC-721 on Polygon network. The token gave the possibility to take part in the last phase of the demo which consisted of a vote that took place during the event. In fact, the participants were able to vote on the charity to which to allocate the funds in cryptocurrencies. The smart contract allocated a third of the funds raised to the entity with the highest number of preferences and divided the remainder among the other entities.

SOURCE: Savethechildren

No active "ca-sidebar-59" sidebar
Recent Post

With Buterin's enthusiasm on AI based blockchain and after Sora's launch, AI crypto growth is real

torrevieja crypto-themetaeconomist

Crypto-friendly cities: Torrevieja (Spain) creates a plan to pay with crypto

first ICO on bitcoin blockchain-themetaeconomist

Bitcoin Dogs is about to launch the first ever ICO on Bitcoin Blockchain

Polygon's attraction, 6 thousand new developers for MATIC cryptocurrency

deso blockchain

DeSo likes DeFi

MetaMask is working at a new way to interact with blockchain users

1 2 3 60
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu