THELOGICALINDIAN - Given the developing apple has a citizenry of about four billion and counting there is an astronomic befalling to use blockchain technology for the advancement of altruism We should embrace this adventitious to be a force for acceptable to action abjection and accommodate banking admittance to as abounding bodies in the apple However to accomplish allusive success for the better accessible cardinal of bodies tech solutions charge break realworld challenges be bargain for the user and best crucially be adaptable at acceleration and at scale
This was the accent cessation of the Global Solutions Summit, which took abode at the United Nations address in New York City on May 13, a day afore the United Nations Science and Technology and Innovation Forum (UN STI), on the aboriginal day of New York Blockchain Week 2019. I was one of about 500 delegates, and accustomed GSS Chairman Alfred Watkins’ beeline talking.
The United Nations architecture in New York
The developing apple is activity to be the agent of altruism in the advancing years, and abounding adolescent bodies are attainable and accommodating to accept abstruse innovations – if they are calmly attainable and the amount is right. Tech has the transformational abeyant to empower these societies and decidedly advance amusing acceptable and wellness.
“It is an abundantly advantageous bazaar – it is activity to be the bazaar of the future,” said Alfred, a above World Bank executive. He apprenticed tech companies to apply their solutions for “the basal four billion, who alive in the least-developed countries and arising markets”. He continued: “That is area the citizenry advance will be over the abutting decade – and that is area the charge is.”
“[Businesses] can do acceptable and able-bodied at the aforementioned time. It makes acceptable business sense, and it additionally makes acceptable faculty for humanity. We charge analysis that focuses on articles that are affordable for this basal four billion. If we stop at the lab, we haven’t able the objective, which is to advance the lives of the basal four billion, and to leave cipher behind.”
The GSS Chairman accustomed that carrying life-improving articles – such as breast blight checks for as little as $1, or accessories that accomplish baptize cooler – is a huge claiming for the science and technology communities. It is, therefore, capital to coact and abound the ecosystem.
“The aftermost footfall in this action is to amount out how to get these articles to the market,” Alfred added, allotment this the ‘deployment imperative’. “How do we booty these accurate inventions and insights, bury them into products, and again bury those articles with business models so [they reach] bags of villages beyond dozens of countries about the apple at an affordable price?”
Blockchain appliance BanQu was captivated up as a abundant archetype of a business allotment the alleged “unbankables”. Some 90,000 farmers, beyond Zambia, Uganda, and best afresh India, now accept admission to avant-garde banking basement because of actuality able to prove, to banks, their affairs on an abiding agenda ledger.
The GSS accident shined a ablaze on the absoluteness of the difficulties that best blockchain companies focused on amusing appulse currently face. That includes GoodDollar, the not-for-profit acquittal arrangement with the axial aim of abbreviation all-around abundance inequality, who I was apery in New York.
The GoodDollar activity explores how decentralised balance technology may accredit models based on accepted basal assets (UBI). To accompany this bulletin of the abundant abeyant of blockchain technology, I abounding the GSS, UN STI, and G-Stic contest throughout New York Blockchain Week 2025.
I batten at a ancillary accident of the UN STI, about the charge to use decentralised blockchain technology as a force for good. “Unlike bogus intelligence, which can be a alarming apparatus for absolute regimes, with blockchain we can actualize systems that are broadcast and not controlled by a distinct entity, who can use and dispense them,” I said. “This UN board should focus on this technology and see how we can use it to do good.”
It was adorable to appear the third OpenUBI meeting, in Brooklyn, with GoodDollar so active in its enactment at the end of aftermost year. The acknowledged accident connected into the night, and it was cutting to see how abounding bodies are absorbed in the abstraction of crypto UBI (see here for the commodity adulatory its barrage in Berlin, accounting by Gilad Barner, GoodDollar’s Community and Operations Manager). I additionally learnt, at GSS, a class at Stanford University is committed to experimenting with UBI in this space.
Ziv Keinan at GSS
And it was actual auspicious to accommodated Xiaochen Zhang, President of FinTech4Good, at the US-Asia Institute. We discussed the achievability of a accord amid FinTech4Good and GoodDollar during the World Responsible Technology Forum event, which is appointed in September, additionally at the UN address in New York. The axial aim of that accident is to advance and apparatus solutions for a bigger world, and that is at the affection of what we are accomplishing at GoodDollar. Our amount aim is to abate all-around abundance inequality.
Pleasingly, abounding bodies I discussed GoodDollar aural New York accept that it has all the characteristics of a acknowledged amusing appulse project. It is cheap, scalable, focused on convalescent humanity, and absolutely the affectionate of band-aid the all-embracing organisations like the UN are attractive for. Together we can accomplish the best of the befalling to empower the “bottom four billion” and altruism as a whole.
GoodDollar: Change Wealth Inequality – For Good
Do you accept the abilities to advice the GoodDollar project? We charge builders, scientists and experts in identity, privacy, and banking governance, as able-bodied as philanthropists and ambassadors. Contact us at [email protected], via our amusing media channels (Twitter, Telegram, or Facebook), accompany the OpenUBI movement, or appointment our GitHub page. Our YouTube channel is account blockage out, too.
