What Can Crypto Do for the World?

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When Bitcoin was first launched in 2009, nobody knew of the dramatic impact that cryptocurrencies would have on our world. Today, blockchain technology is being used everywhere, pioneering a technological revolution worldwide.

The decentralized nature of crypto has awoken people to the potential of its powers. Without banks or intermediaries of any kind, crypto enables people to send payments, make investments, and purchase certain goods and services without limits. Additionally, NFTs, DAOs, and DeFi allow for the self-management of ownership rights, operations, and financial services, respectively possible.

Beyond technological applications, people have found that crypto can be used to do real good, both for the planet and humanity as a whole. In a project called the “Cardano Forest”, Veritree, a restoration group that uses blockchain to track and verify restorative projects, planted over 1 million trees across different parts of Madagascar, Indonesia, Nepal, Kenya, Senegal, and Haiti. The operation was funded through the philanthropic Cardano holders, with some donations weighing in at tens of thousands of ADA tokens.

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Blockchain is perfect for project tracking and verification thanks to its immutable and transparent nature – transparency makes data stored publicly verifiable, and immutability makes said data tamper-proof. These aspects also make blockchain ideal for the management of digital asset ownership, allowing the efficient on-chain issuance and trading of shares and bonds.

Bob Eco…

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