Hexa Foundation’s 2020 Vision for Blockchain-Led Social Impact
The Hexa Foundation welcomes the new decade with enthusiasm! We see more industry implementation of blockchain than ever before and a steady increase of blockchain technology comprehension across sectors. The efforts for government, non-profit and industry education on the usefulness and importance of this technology are ramping up on all fronts, and the Hexa Foundation is proud to be at the forefront of these endeavors.
Please find below a summary of some of the recent projects with which we have been involved, with the goal of creating real positive social impact using blockchain:
Further reading: Why This Woman Quit Wall Street to Become a Social Entrepreneur | Siliconrepublic
Dubai: World Economic Forum Invites Hexa to join Annual Meeting of the Global Future Councils
We were asked to sit in on the WEF’s Council for Humanitarian Systems, a group of twenty global leaders across sectors (business, government, and non-profit) presently dealing with humanitarian issues.
The Council met in Dubai this past November. As members, our task was to explore the various ways in which humanitarian efforts around the world could improve their productivity. My role as a Hexa Foundation representative was to present the potential that blockchain technology has to assist both governments and non-profits in becoming more transparent, efficient and trustworthy.
Over the next few months, we will work with the WEF Council network to promote digital solutions to important humanitarian challenges, from fair elections, digital id, or aid distribution with the goal of assisting society’s weakest members.
Further reading: Blockchain Aid for the Refugee Crisis | Orbs Blog
Google Play Application: A First of Many
Another blockchain implementation the industry can officially become excited about is photo notarization — and it can be used to assist people in need to receive assistance more quickly and efficiently than before:
Check out our “Open Registry” app on Google Play (Android only for now).
The application is designed to notarize images and videos taken with any mobile device. This is just the very beginning of a large effort to implement standards for immutable photo ownership!
To understand how this application can make a substantial impact on the lives of those in need, please see my piece:
Image and Video Notarization for Livestock & Pastoralists Insurance.
Education Efforts Ramping Up
In addition to multiple seminars we held for government offices, we also introduced the concept of blockchain in an educational seminar for the accounting division at the Israeli Ministry of Finance, providing them with in-depth use cases and thought-provoking ways that governments can use the technology.
Further reading: Dear President Trump: Here’s Why You Want Everyone Using Bitcoin, (Including Bad Guys) | Orbs Blog
We look forward to continuing the exploration of practical use cases for blockchain hand-in-hand with the country’s municipal and national authorities throughout the year.
We’ve also published pieces detailing potential use cases, among which one explaining just how blockchain can be a tool to help prevent SNAP fraud and assist government agencies in coordinating efforts. Deploying blockchain can mean huge relief to the taxpayers in terms of lowering administrative costs. In addition to the prevention of fraud, misuse, and resale of benefits, such a program can make sure more aid goes to those who need it most and with fewer hurdles.
To understand more about how easy it would be to eliminate benefits fraud using blockchain, check out the following links:
How Blockchain Can Eliminate $592M in SNAP Benefits Fraud | CoinCentral
A Blockchain Solution to Government Welfare Fraud | Decrypt
Blockchain-based Solution Against Snap Fraud | Orbs Blog
We believe blockchain can and will bring substantial positive change to the world in the coming decade. We strongly believe that the goal for more effective solutions to humanitarian causes can be accomplished with technological education, and we are determined to make an impact with our efforts.
We continue our push for greater adoption of blockchain across sectors, industries, and communities which are most likely to both reap and deliver real benefits from these decentralization tools. We look forward to continued sharing of our efforts and accomplishments in the future!
Sincerely,
– Netta Korin
Orbs, Hexa Foundation
