Blockchain, ‘it’s real’!

Blockchain has a broad scope of capabilities and the Spindle likes to explore with you how it can truly play a part within development?

If you don’t know what the blockchain is, there’s some very exciting technology for you to learn about! “It will change not just finance, but the lives of almost everyone, directly or indirectly” according to Jeremy Wilson, Vice Chairman of Barclays Corporate Banking, February 8.

For a start, and to understand this short report (better), you’d like to watch this video:

Sometimes, an innovation in smart-technology might feel like a niche-invention. Something far away, too-difficult-to-understand created by wizzkids and not influencing the daily life of developmental organizations. However, time after time these innovations turn out to indeed be important. Instead of waiting for these technologies to change our surroundings, they might as well be embraced and actively used for the benefit of international development.

The 16th of February PWC and The Spindle together with 15 participants got together to start the discussion on the possibilities of the blockchain within international development. Partos members, governmental institutions, consultants, designers and the ING were present to share views and get inspired on the possible impact of blockchain on development cooperation.

Transparency through blockchain
Daniel Bohan, one of the co-founders of WhyDonate, gave a clear example to the possibilities of using blockchain for donations to NGO’s. Using the blockchain for donation creates transparency within flows of donations. This transparency through blockchain might improve trust among donors and therefore increase the recurrence of donations. As stated by Daniel, individuals are more likely to donate repeatedly when having insight into the exact usage of the money they donated.

Tey Elrjula demonstrated that the sky is the limit. He, as a Syrian refugee, observed the huge difficulties among the registration and validation of identities of refugees. He encourages to think about the possibilities of global identity-registration on the blockchain. Babies born in refugee-camps or rural areas could, through the blockchain, be registered online by midwifes. One does not have to be afraid to lose his/her birth-certificate when fleeing: it is simply registered and validated by the blockchain technology.

Tracing production and commercial chains, registration of land-ownership or identity, following money flows, capturing conventions, education certificates and rights or patents, transparent accountability, stocking and managing your personal (health) data, organising payment in the collaborative economy… more examples can be found here !

All possible applications of the blockchain that can improve society there where it is ineffective, inefficient and expensive. Blockchain has a broad scope of capabilities and the Spindle likes to explore with you these possibilities. How it can truly play part within development? Therefore, the Spindle invites you to more sessions. Be part of it?

March 16: 15-17H at B.Amsterdam; interactive pressure cooker on blockchain4good: for example on land title protection, identity registration, coconut chain, convention negotiations, money flow to ‘foreign’ partners etc.

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