A blockchain is protected against the security issues that plague traditional finance institutions. Anyone can participate in the blockchain economy, and transactions can be completed anonymously, further protecting individuals’ identities.
Blockchain is making headlines everywhere — from the trading markets to even the arena of universal basic income. Now, this super secure, decentralized digital network can also help feed the world. In a project using the Ethereum blockchain, the World Food Programme (WFP) is changing its approach to feeding the hungry. Instead of just giving food, the WFP has opened up a cash assistance program Building Blocks.
China has just announced that it will use blockchain technology for social taxation and issuing electronic invoices. This is just the latest example of the broad array of applications possible for the technology.
For the first time, public blockchain technology is being used in a fully operational rollout to enable cross-border payments. IBM Blockchain enables direct payments between two parties in any currency participating on the network while maintaining security
Migrant workers in Singapore are often unable to open a bank account. Now, one community is implementing blockchain technology to give residents access to their pay.