Why Blockchain for Social Innovation?
In recent years, the number of blockchain cases related to social and environmental impact has increased exponentially.
In Brazil, social businesses using Blockchain increased by 700% in one year (from 2018 to 2019). — Pipe Social, Mapa de Impacto Brasil 2019
In the world, since 2013, different types of institutions, whether public or private, are increasingly using blockchain for initiatives related to environmental and social sustainability. — Stanford University, Blockchain for Social Impact 2018
Moreover, strategic impact analysis is already a consolidated blockchain service on the market. — Gartner 2019
Okay, there is no doubt that Blockchain is increasingly relating to the social innovation universe.
But after all, 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. In addition, it has the priority of generating value for society as a whole, not for a restricted group.
It’s a Match: Blockchain and Social Innovation
Blockchain is a tool that makes Social Innovation viable, since it allows the development of new ways of doing considering social and environmental inclusion.
A new way of doing:
Blockchain is a new solution that brings improvements to traditional methods. It is a new technological approach to support a brave new world where standards are constantly being questioned.
An inclusive way of doing it:
The technology involves the following attributes:
Trust: trust is at the heart of Blockchain. Trusting in your own right has value. Blockchain stores values and involves collective value authentication. Blockchain offers confidence in the system as a whole.
Transparency: Stakeholders have access to all system transactions. Blockchain has the ability to create transparent, secure, accessible and real-time communication networks.
Collaboration: Blockchain adds value to people and allows fair and peer to peer exchanges. The system is based on user collaboration, characterized by a collective experience. Blockchain is about inclusion and free value creation.
New Power: For a long time, power was mediated by a select few. It’s time to regain control. Blockchain is network integrity, power distribution, transparency and new citizenship.
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To achieve sustainable development, we need a planet where people, businesses, government and the environment can coexist in harmony. Blockchain supports this new kind of social good: more efficient, reliable, inclusive and transparent.
Blockchain for social innovation provides harmony in all kind of business and is sustained by ethics. Incredible, isn’t it?
Check it out:
In this article, Jessica Klein gathered initiatives that are already generating results: https://breakermag.com/73-blockchain-social-good-organizations-that-are-actually-doing-something/
Here, some of our cases: blockforce.in
