By Jon Creasy
Turn on nearly any news station, and you will inevitably be bombarded with negative facts about the human condition. People live in astounding poverty around the world. Wars and natural disasters leave millions without a place to call home. Children die from hunger and preventable diseases every day. Refugees living in politically charged environments aren’t able to receive aid. The list goes on.
What you most likely won’t hear though, is the good news. In the last 30 years, we have reduced global poverty by more than half. This is an unprecedented step towards improving the human condition forever. It is more progress than humanity has ever seen. And what’s more amazing? This progress happened without the help of blockchain, cryptocurrency, and utility tokens.
Because many utility tokens can easily be used from a smartphone, the cryptocurrency community could drastically alter the face of poverty and humanitarian aid over the next few years. The number of people globally who own a smartphone is projected to increase to 2.9 billion by 2020. 725 million of this number is from Africa alone, where the majority of poverty still remains. With their more advanced computing abilities, smartphones are expected to bring mobile payments, including cryptocurrency, into the mainstream, which very well could allow African third-world countries to skip a step of the tech adoption cycle the West had to go through.
The world of cryptocurrency is already transforming the way we do humanitarian aid. In years past, tracking the movement and status of noncash aid was incredibly difficult. Remote GPS tracking was the best the legacy world had to offer. Many of the stories we hear about corruption and scandal involving humanitarian aid have come about because the supply chain history could easily be manipulated. Utility tokens like BlockRx and OriginTrail are already working to solve these problems in innovative ways and in different industries.
In the past, aid recipients weren’t held accountable to accurate reporting, and donors had no idea where their gift ended up. But with an immutable blockchain ledger, all this is changing. Now, supply chains can be transparent and completely auditable along every step of the way. This not only serves the recipients of aid, ensuring they receive what was promised, but it also encourages donors and regulators to give more, with the confidence that their gift will go where intended.
Blockchain could do so much more than just be a vehicle for tracking noncash aid. Identity solutions like Civic could provide refugees with a way to prove to their often corrupt government who they are, what they own, and what rights they are entitled to. Utility tokens tackling the energy sector could provide millions of people around the world with clean and efficient energy. Decentralized crowdfunding applications can raise awareness and monetary support for issues that are largely ignored by governments.
Even the United Nations is realizing the incredible benefits utility tokens and blockchain have to offer humanitarian aid. In June of 2017, the UN used a voucher system, developed by Parity, to distribute funds for food to 10,000 Syrian refugees. The project worked so well that the team is working on doing the same for approximately 100,000 people in Jordan by late 2018. And that’s not all – a UN financial commission plans to use the blockchain to improve troubled banking sectors in Latin America. From providing food to economic security, blockchain technology and utility tokens are radically transforming the world for the better. But there is so much more to be done:
What if we could tie a blockchain ledger to a clean water well to measure the clean energy of water flow? This data could provide engineers with the necessary insights to bring electricity to villages that would otherwise never have power. Further still, that energy could be tokenized and sold for profit, bolstering local communities and incentivizing proper care of the water well.
Or what if property deeds in third-world countries were stored on the blockchain instead of being held by corrupt government officials? Citizens would be able to prove they have collateral for loans to start a business, or send their children to school. Or perhaps a decentralized and secure messaging platform could be developed to empower oppressed individuals who live in hostile or fragile states? This could bring awareness to human rights violations in record time, preventing genocide, war, and famine.
The world of cryptocurrency, blockchain, and utility tokens can be so much more than just a good investment. It could change the course of human history. Here at Strategic Coin, we are committed not only to providing information about promising utility token investment, but also about how the tokens are used to do good and change the world. Be on the lookout for our upcoming reports on utility tokens that could change the way we think about utilities and the energy sector.
Strategic Coin is committed to providing you with trustworthy information about launching and participating in the world of cryptocurrency. Whether you are a start-up or existing business that desires to enlist the help of a professional utility token Token Generation Event (TGE) advisor or a token buyer who needs help navigating the blockchain space, Strategic Coin will provide you with the resources you need to take advantage of market opportunities within the crypto marketplace.
Tokenizing Your Utility
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By Research Team