Blockchain Transforming Society with Applications for Social Good
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The document discusses how blockchain technology can transform society by providing examples of applications across various industries like healthcare, land rights, energy, financial services, philanthropy, journalism, and the environment. It notes that blockchain's potential goes beyond just its "killer app" and that individuals can gain more personal control over their data and identity with this technology. While opportunities exist, the document also cautions that one should be aware of potential issues and that blockchain is still in early stages.
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Blockchain Transforming Society with Applications for Social Good
- 1. Blockchain Applications Transforming Society Joe Rogers Founder & CEO WorkDone Inc.
- 2. Blockchain - What is it?
- 6. Blockchain for social good
- 7. Identity
- 8. Personal control over data
- 9. Healthcare
- 10. Land rights
- 12. Far m to table
- 13. Energy
- 15. Philanthropy
- 16. Journalism
- 17. Environmen t
- 19. Be aware!
- 20. In closing
- 21. Thank You Joe Rogers Founder & CEO WorkDone Inc.
Editor's Notes
- Simply, it’s a: a record book that everyone can see, and no one can alter Technically, it’s a DLT: Immutable, Decentralized, Trustless, provides for Disintermediation - definitely not "just another database"
- New asset class - tulips, Chuck E Cheese, wealth generation Smart Contracts - programmable money, "roll your own” like FaceBook did with Libra
- According to blockchain implementers at the Stanford Business School Center for Social Innovation: 14% see blockchain as an equivalent tool for their solution 66% see blockchain as an improvement over other methods 20% say blockchain is a requirement for their project (meaning their project was not possible without it)
- People from remote, underserved regions can authenticate and access services (like banking and commerce) Digital identity will help reduce fraud, increase transparency and increase efficiency
- Near future social networks will be “permissioned” where individuals retain control over their personal data (sort of the anti-Facebook)
- Electronic health records and supply chain - determine if a medicine is real or hasn’t expired
- Curtail land fraud in countries with poor recordkeeping of land title and deeds by implementing a blockchain-based land registry
- Digital signature like in Estonia Records checking Verification (ie college transcripts or proof of graduation)
- Token represents physical commodity such as grains or cattle in transactions from farmer to purchaser Token can be used for finance purposes, traceability and transactions using smart contracts
- Energy generation and transmission with peer-to-peer distribution and microgrids creating a decentralized energy utility
- 2 billion people still unbanked Blockchain can be used for interoperability between disparate fiat and crypto currency systems
- Poverty Human rights Access to education Blockchain can be used to monitor and evaluate how donated funds are utilized
- Tokenize reader investment – Steemit is a good example Incentivize reader interaction Micropayments to support smaller publications
- Blockchain can be used to track environmental compliance, recycling and for carbon tax purposes
- WorkDone – early investment was a wild ride WFF Vezt
- Regulation is still a factor as govt’s are slow to keep up w technology Technical issues remain such as energy consumption of consensus algortithms Threat of hacking and 51% attack is always there
- With blockchain, our future holds: 1) Lower transfer & interaction fees 2) A high degree of security & trust 3) A high degree of openness, transparency and dependability 4) Integration of the digital and physical world