Blockchain Is Changing The Future Of Human Rights – Part 1

Blockchain technology is widely popular for its implementation in the cryptocurrencies. But it is much more than an instrument of finance. It has the potential to create massive social change by tackling issues of financial, political and institutional corruption, thus protecting the human rights of every individual. Some of the similar has already unfolded around the world. Let’s take a look at it.

Tacking the refugee crisis

The United Nations World Food Programme sent cryptocurrency-based vouchers to over 10,000 Syrian refugees in 2017. The platform, led by Ethereum co-founder Gavin Wood, and blockchain big data firm Datarella, helped thousands of refugees use cryptocurrency to purchase food, according to Coindesk. The opportunity to bypass bureaucracy and international uncertainty with Ethereum technology stand as a huge first step in including the refugees in dialogue aimed at solving the international refugee crisis.

Creating financial avenues for impoverished people

The same platform mentioned above is also working to bridge a poverty gap around the world. Sending money overseas can cause a financial strain. An excellent example of the positive effects and economic freedom blockchain technology can offer is BitPesa, a platform that sends and collects crypto-payments between Africa and the rest of the world. By making sending money cheaper for migrants, immigrants, and refugees who need to send money back to their families and making doing business with hard-to-reach countries more convenient, blockchain has the potential to lessen extreme poverty.

So we see that how blockchain is a promising solution aiming to solve for some of the human rights most vulnerable areas like corruption and financial inequality. It is closing the economic gap and solving for the preservation of human rights by setting an international precedent, and hopefully a standard for transparency.