The Future Of Social Impact Is...Blockchain
Last week, cryptocurrency startup Ripple made the equivalent of a $29 million donation in XRP, the digital coin that it uses in transactions, fully funding all projects on DonorsChoose.org. As evidenced by this unprecedented charitable donation, Bitcoin and cryptocurrency certainly have a place in the future of social impact, but this is merely the very tip of a much bigger iceberg.
It feels like everyone is talking about bitcoin and blockchain technologies, but most folks have a gossamer thin grasp of what it is. That is certainly true in the social impact sector.
Fortunately Mercy Corps’ Ric Shreves has been studying distributed ledger technology and offered our community a primer on it during a recent webinar.