Money starts flowing from the fiat monetary system to the crypto world, and vice versa, officially through bigger, institutional players.

After uploaded my presentation slides on An Introduction to Sustainable Development through Social Enterprise to SlideShare, two headlines from CoinTelegraph caught my attention:

1. UNICEF Launches Cryptocurrency Fund Supported by Ethereum Foundation
2. Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

I see links between these “ingredients” : Cryptocurrencies, Digital Assets Exchange, UN SDG, Social Enterprise Model, of which we can serve a really good meal out of it. #ConnectingTheDots

Building an AI driven, Blockchain based Cognitive resources management system powered by Data, Ethically. #ABCDEtheWorld

For sustainable economic, social and environmental development.

News background

UNICEF launches Cryptocurrency Fund

UN Children’s agency becomes first UN Organization to hold and make transactions in cryptocurrency

According to the official announcement published on Oct. 8, UNICEF thus became the first U.N. organization “to hold and make transactions in cryptocurrency,” namely Bitcoin (BTC) and Ether (ETH). UNICEF executive director Henrietta Fore added:

“This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”

By Liam Frost (Cointelegraph)

Binance Starts Accepting Fiat Currencies Through Alipay and WeChat

Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9.

Zhao was quick to clarify that Binance is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.

The move follows the implementation of Binance’s peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier on Oct. 9. The service will be initially available to Android users who already have Binance accounts registered for at least 30 days, with support for iOS to follow.

By Ana Alexandre (Cointelegraph)

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So many things can be done.

So many problems looking for solutions.

The question is, what and how can we contribute?

We are NOT looking at creating millionaires or business tycoons, it should happened as a bonus, if any. We are looking at a more transparent and fair way of resources distribution, moving towards a moneyless society.

The thing can be as simple as feeding a family. A charity wrapped in dignity.

What the majority of people want is simply food on the table, a simple and happy life.

The fact that poor people survive is a solid proof of their ability. Instead of giving them fish, teach them how to fish – equipped them with the right knowledge, tools, and community support.

Imagine 1,000 new entrepreneurs with an average of only USD 200,000 in revenue per annum, that translates into USD 200 million flowing in the economic system. Do the maths for other figures accordingly.

It might be small figure to big corporate, but it means a lot to a country when such achievements lifted another 1,000 families from the poor.

Consider the ripple effect.

We need more meaningful tasks for people to accomplish. And we do have that long list of pending tasks. #UN #SDG #TheFutureOfWork

We can reverse engineer the current system where it goes wrong.

It can be done. It is achievable.

Images from MARC Rating Methodology document, Impact Bond Assessments by Milly Leong, July 2018.

The post Technology. Business Value. Social Impact. appeared first on Blockchain Insider.

I can get rich, and then donate some of my money to good causes.

Why not run a company that concentrates on improving social and environmental conditions through its daily operations instead? That’s a lot more efficient, and ultimately more satisfying.

We often justify the unscrupulous actions of modern robber barons because they contribute money to philanthropy and the arts.

From a purely economic perspective, philanthropy is inefficient.

A person who has accumulated billions of dollars and in doing so has caused others to lose their jobs, closed the door of small businesses, or ravaged the environment, and then donates a small percentage of his fortune to correcting those problems or to the arts, would have served the world far better by making fewer profits while increasing employment, supporting small businesses, and insisting that his executives practice good environmental stewardship.

Excerpt from the book published by John Perkins back in November 1, 2011

Hoodwinked: An Economic Hit Man Reveals Why the Global Economy IMPLODED — and How to Fix It

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