• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Top Blockchain Experts Will be Gathering at the Barcelona’s Blockchain Week. newsbtc bitcoin news
Nexo Logo

London Blockchain Week Showcases the Good Side of Blockchain

Gautham by Gautham
6 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

The cryptocurrency technology is known for its ease-of-access, transparency, and decentralization. These very features also bring in accountability, which is much needed in today’s social good sector. The use of Bitcoin in the non-profit industry sector has already shown promising results, enabling people to donate to the needy, in a timely manner irrespective of the location.

The recently concluded London Blockchain Week 2017 showcased the cryptocurrency and distributed ledger technology in a different light. There is a popular misconception among many that Bitcoin and altcoins are for criminals who sell drugs and weapons on the dark net. But one look at few of the “blockchain for good” initiatives is enough to change their minds.

According to reports, few prominent participants at the London Blockchain Week 2017 included DonorCoin, Save the Children UK, Open Music Initiative and more. DonorCoin is an initiative of Rudi Kruger. The cryptocurrency platform has associated itself with the United Nations International Children’s Emergency Fund (UNICEF). The platform is working towards providing easy ways for the international agency to secure and channel funds to the developing countries for the benefit of children in those regions.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

A financial news outlet covering London Blockchain Week 2017 quotes Rudi Kruger saying,

“The aim is to tokenize donations through a cryptocurrency, which would allow for complete transparency of the funds from point A to point Z. The blockchain will prevent cashing in of the token until it reaches the intended receiver, eliminating corruption up and down the donation value chain.”

Similarly, the Save the Children UK has partnered with Bitnation to provide financial help to the needy. The organization has been providing Bitcoin-funded debit cards to the beneficiaries, who could withdraw money at any ATM or cashpoint. Bitnation is already known for its blockchain identity and notarizing service that was implemented in the midst of the refugee crisis. Bitnation has been providing blockchain IDs to the refugees.

From humanitarian measures to arts, the Open Music Initiative creates a blockchain based rights management system to help artists monetize their work.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

There are numerous examples of Blockchain being used for good causes. Whether it is the donations to the earthquake victims of Nepal or the Water Project’s goal to offer safe drinking water and sanitation in developing countries, cryptocurrency has played an important role. The London Blockchain Week 2017 has just provided a glimpse of the technology’s true potential.

Ref: IBT | Image: NewsBTC
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: bitcoinbitnationblockchain technologydonorcoinlondon blockchain weekNewsSave the Children
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

GameFi as a major achievement of the Korean Wave (Hallyu) movement

GameFi as a major achievement of the Korean Wave (Hallyu) movement

1 hour ago
Bitcoin

Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time

14 hours ago
Here’s A List of Trusted Non-GamStop Casinos In The UK

Here’s A List of Trusted Non-GamStop Casinos In The UK

20 hours ago
Polkadot

Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

1 day ago
Filecoin

Filecoin Cruises Near Resistance, Now Attempts For A Breakout

1 day ago
Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k

Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List Remitt USD (USDR) on August 15, 2022

August 15, 2022

QUINT (QUINT) Gets Listed on XT.com

August 15, 2022

Keninah Concord And Fantom, Paired with Baby Doge Coin Will Give You a Well-Balanced Wallet!

August 14, 2022

Can Carlossy Caterpillar Achieve What Meme Coin Giants Dogecoin and Shiba Inu have?

August 14, 2022

To Take DeFi To The Next Level, We Need Killer App, says Ripple Executive. Can Youniverze Be The One?

August 14, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.