Chaining Impact

💖 This Week's Byte

A growing concern about transparency in material and financial aid boosted the impact sector’s adoption of the emerging blockchain technology. From fundraising and data collection to distribution of emergency aid and supply of daily commodities, blockchain adds a whole new layer of reliability to the complex impact work.

📊 Did You Know?

Statista reported that 10% of companies worldwide adopted blockchain in their business in 2023, with the banking sector having the highest share of total market value.

📖 Blockchain is Here and There

• Fundraising methodologies have been reshaped by blockchain technologies, making donations and auctions more transparent and trustworthy for both donors and recipients.

• It’s not just about money. Tangible assets, such as food and medical aid, can also be distributed more efficiently and effectively through blockchain-backed distribution networks.

• In our daily life, supply chains of commodities like coffee have been transformed by enhanced traceability and fairness. Blockchain demonstrates its full potential when combined with other tools, like AI and mobile applications.

• Data collections are more reliable and accurate than ever, thanks to blockchain applications, as showcased in South Africa’s educational scene. The implication is huge in the era of data analytics and AI.

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💘 Your Altruistic Agenda

✅ What does the rise of blockchain mean for children? Explore case studies from UNICEF.

🇲🇼 How has one of the poorest countries in the world made strides toward digital transformation? Learn from firsthand insights, stories, and facts.

🤖 It’s the era of AI, but what does it mean in the development context? Get inspired by case studies.