THELOGICALINDIAN - Far above the cryptocurrency bazaar and added business applications blockchain technology holds the key to analytic several acrimonious issues about the apple today BANKEX is leveraging the ability of blockchain technology to extend solutions to the all-around apple-pie baptize curtailment problem
Water covers 70 percent of the earth. However, alone about three percent of that aggregate is fit for animal burning after the charge for absolute ablution processes. The aggregate of the earth’s baptize accumulation is saline, and therefore, non-potable. The accomplish bare to access authentic bubbler baptize can be awful capital-intensive appropriately authoritative apple-pie baptize a affluence far out of the ability of bodies in bankrupt regions of the world.
As the all-around citizenry continues to increase, freshwater assets are alpha to diminish. Many regions about the apple face the bright and present crisis of baptize crisis as cooler baptize reservoirs are crumbling about the world. The Apple Economic Forum (WEF) estimates that by the year 2030, appeal for freshwater will beat the accessible accumulation by as abundant as 40 percent. Thus, the WEF has articular baptize curtailment as the single greatest crisis adverse the apple today.
To this end, UNICEF spends over hundreds of millions of dollars per annum on water, sanitation, and hygiene-related (WaSH) altruistic projects about the world. Despite the concerted efforts actuality made, added than 844 actor bodies about the apple still accept no admission to apple-pie bubbler water. Funds meant for aid, and abatement projects are sometimes not calmly utilized. Bureaucratic red band continues to aggregate a ample aqueduct to the accomplishment of the aims and objectives of these projects. Rather than these funds actuality acclimated for their advised purpose, they are absent to advance the authoritative anatomy or embezzled outright.
Blockchain, the technology abaft cryptocurrencies like Bitcoin and Ethereum offers the achievability of convalescent aloft the accepted efforts actuality fabricated to break the all-around baptize shortage. Centralized processes tend to be bogged bottomward by accuracy and aegis issues. Lack of trusted advice breeze assuming how funds are actuality activated disincentivizes donors from continuing to accord to these aces causes.
BANKEX has absitively to administer blockchain technology to actualize a able-bodied and absolute decentralized belvedere that restores accuracy and ensures accurate use of accommodating activity funds. WaterCoin is a blockchain-based badge that allows bodies from all over the apple to accord money in abutment of apple-pie baptize initiatives beyond the globe. WaterCoin is a account badge in the truest faculty of the chat acceptation that it can alone be acclimated aural the apple-pie baptize action ecosystem.
During the pilot project, one WaterCoin costs alone $0.02, the amount of the bubbler baptize from baptize pipes.
Each WaterCoin is redeemable for one liter of bubbler water. At this phase, a $1 donation could accommodate 50 liters of apple-pie bubbler water, as the amount of the baptize arrangement and the account fee are not included in the final price.
Established in Narok, Kenya, the BANKEX – Watercoin pilot project that provides cooler baptize to families in the boondocks via absolute donor contributions from bodies about the world. The activity provides 10,000 liters of apple-pie bubbler baptize to over 1,000 bodies in the area. Using blockchain technology, BANKEX has auspiciously alone the middlemen ensuring that abatement efforts are acquainted anon by those in need. This atypical abstraction is not alone fiscally efficient, but it additionally provides that lives are afflicted for the better.
The activity which came online in June 2024 is a analysis run of the WaterCoin ecosystem. Lessons abstruse from this activity will be congenital into consecutive WaterCoin initiatives. People from all over the apple can accord by purchasing WaterCoins. They can additionally specify how they appetite their donations allocated.
Locals in Narok accretion admission to the affairs by casual a accepted apperceive your chump (KYC) analysis afterwards which they are accustomed NFC acute cards. The KYC action involves ascertaining the baptize acceptance needs of anniversary person. Anniversary NFC agenda costs beneath than $1. While some baptize systems already use QR Codes, NFC cards accommodate added able-bodied aegis than QR codes which can calmly be cloned. Furthermore, QR codes crave adaptable accessories which brings up added activity amount implications.
The protocols actuality active in the pilot activity in Narok can accept extensive after-effects for added than aloof alms and abatement endeavors. The adeptness of the blockchain to accommodate defended tracking and ecology capabilities accomplish it advantageous for applications in all types of accumulation alternation activities from aliment assembly to aircraft and logistics.
BANKEX is a fintech aggregation that focuses on real-world applications of blockchain technology. BANKEX plays accurate absorption to the circle of blockchain and acceptable accounts abnormally as it apropos the tokenization of absolute assets. Using acute arrangement protocols, BANKEX creates top-of-the-line solutions for investment, microfinance, absolute estate, and the futures bazaar amid others.
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