Given the developing world has a population of around four billion – and counting – there is an enormous opportunity to use blockchain technology for the betterment of humanity.
GoodDollar reached a key milestone in early April by becoming the first blockchain-based project to present at an international Basic Income Earth Network event.
The hackathon for reducing global wealth inequality using decentralised technology was won by a prototype for a system that encourages citizens to be checked for diabetes in return for GoodDollar tokens.
According to Oxfam, the global wealth inequality gap is widening. To coincide with the start of the World Economic Forum 2019 in the Swiss ski resort of Davos on January 21, the development charity published its annual report on the state of the world’s economy.
Less than a week after a new financial blueprint for Europe was proposed, by a 50-strong group led by Thomas Piketty, another pioneering economic system that aims to reduce inequality has been gaining momentum in London.
At Web Summit2018, in early November, Yoni Assia, Chief Executive of eToro, announced the launch of GoodDollar: an ecosystem-led project that explores how cryptocurrency and blockchain technology may reduce inequality through models based on universal basic income (UBI).
eToro empowers people to invest on their own terms.