Cryptocurrency for Social Impact | Online
About this event
Social services in the United States like assisted housing and supplemental nutrition assistance aid over 45 million people a year. These programs help combat homelessness, food insecurity, and the many systemic factors that stem from a lack of stable housing and a reliable source of nutrition.
Yet still, many under resourced communities continue to suffer from a lack of access to these services due to woefully inadequate federal funding and terribly long waiting lists. Such a lack of access and economic equality forces the poor into a vicious cycle of false opportunity, where, although their cost of living is subsidized, their access to social mobility, due to where they live and the education they have access to, is non-existent.
On the other hand in the crypto-world, 2017 saw an explosion of token sales around the world, where “ICOs” fundraised over $1.7 billion from January to September alone. Entrepreneurs and crooks alike are crowdfunding wealth, mostly for for-profit entities (or ventures that don’t really exist at all!).
So how does the current chaos of tokens and cryptocurrency relate to aiding the impoverished?
Tokenized models, when engineered correctly, can exponentially optimize the traditional system of social services, making them incredibly more liquid, frictionless, and accountable.
In this Blockchain for Social Impact event, we dive into how cryptocurrency can be leveraged for good, which are hurting the overall ecosystem’s legitimacy, and which need to be categorized more carefully. This amazing set of panelists will focus on cryptocurrency and what it truly means for the world.
