What is blockchain technology?

The term “blockchain technology” is referring to a transparent, publicly-accessible ledger that allows us to safely transfer data values. They represent real transactions and contain all the information from all parties involved.

What is a blockchain application?

You can imagine Blockchain applications just like conventional software applications, except they implement a decentralized architecture, foster trust, tokenize assets, and design new network incentives.

What are the benefits of blockchain technology?

Blockchain technology has a wide variety of benefits, interested enterprises and local communities benefit greatly from it. The most commonly cited benefits of a blockchain are trusted data coordination, attack-resistance, shared IT infrastructure, tokenization, and built-in incentives.

What is social innovation?

According to the Amani Institute, social Innovation is a new solution to a social problem. This solution needs to be more efficient, effective, sustainable, and fair than the existing ones. Also, it has the priority of generating value for society as a whole, not for a restricted group.

Why Blockchain as a social innovation tool?

Since the technology works with trust, transparency, collaboration, and restructuring of the power balance, Blockchain is a tool that makes social Innovation viable. Social innovation demands collaborative thinking, and this technology has that in its core.

Why is this important?

With a clear purpose, the development of new constructs and connections will lead to the betterment of society as well as identifying companies’ impact as a whole. Consumers are attracted to companies with a social-minded approach and the companies themselves have more streamed lined objectives.

Why Blockforce for social innovation?

Blockforce is a Blockchain research & builder that has in its foundation the desire to empower social, environmental, and systemic impact projects at scale. We are specialists in Blockchain technology and also a certified B Corporation, we care about social innovation.

Like it? Find more about our cases here and learn more about blockchain and social innovation here. :) For more questions please contact us at hello@blockforce.in

We believe in the blockchain power to create new collaborative realities as a key to accelerate the exponential positive transformations. https://blockforce.in/