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The Impact Of Blockchain On Sustainable Development And Charity

Written by: Sara K

June 13, 2022

It is no doubt that the cryptocurrency market has been the fastest-growing ecosystem of the past decade. The industry is taking the world by storm, empowering investors and consumers in ways that have not been witnessed digitally or financially. Cryptocurrencies and blockchain technology are being adopted across practically any industry imaginable; finance, medicine, manufacturing, travel and logistics, art, music and many others. 

Since launching in 2009, blockchain technologies and cryptocurrencies have largely focused on offering utility – primarily and often exclusively of a commercial nature. Despite the extended use cases for this neo-digital technology, sustainability and charity have far been neglected in the space, but one blockchain project, Philcoin, is aiming to change that by introducing a ground-breaking all-in-one solution with a focus on social issues. 

The role of blockchain in sustainability and charity

In 2008 (months before Bitcoin was founded), the United Nations launched the Sustainability Development Goals (SDGs) by 2030, aiming to improve the quality of life across the globe. Blockchain technology, which has been touted as a technology for all, could play a key role in making the SDGs a reality in the next decade. According to Philcoin CEO and co-founder, Jerry Lopez, there is a great opportunity for blockchain projects to make a real societal change and maintain sustainable development, instead of solely becoming volatility instruments or offering a store of value. 

Philcoin is a scalable technological ecosystem that addresses the established international development standards, aiming to boost development and charity, especially in developing countries. Simply, through its PHILApp, the platform gives users access to an all-in-one solution for IoT, chat, media, education, banking, and more, to advance the SDGs. The project allows users instant access and benefits, further rewarding them in the native $PHL token. While the Philcoin ecosystem does involve a definite utility value for users worldwide, its commitment to proportional philanthropic efforts gives it greater impact where it is most needed.

As users transact more on the platform, they increase their rewards, enabling them to earn more. And with a set cut of the platform’s revenue set on helping push through the SDGs, the more activity on the platform, the more the project gives back to charity and promotes sustainable development. 

Apart from the PhilApp, the project also includes educational services, whereby they provide users with university-level soft skills training courses, certifications, and youth programs. This aims to ensure everyone has an equitable and inclusive education despite the lack of resources, promoting lifelong learning opportunities for all. 

Additionally, Philcoin aims to promote banking, especially in Africa and Asia, where over 1 billion people remain unbanked or underbanked. Apart from its global crypto wallet, Philcoin, introduces digital and physical debit cards allowing users to monetize their efforts, and spend crypto at any outlet. 

Promoting secure and private communication

In the mordern world, digital communication is becoming an important tool in everyone’s lives. Philcoin introduced the PhilChat app to promote secure messaging and private communication, ensuring users’ data is protected at all times. First, PhilChat is secure from server hacking as the app does not collect any big data and does not keep any user data on any servers. This ensures users information is kept secure and private from any third party. 

PhilChat gives anyone an opportunity communicate as the platform has low data usage, meaning users save money on data. With a consumption rate six times less than average on other messengers, PhilChat is built for those who cannot afford current data rates. Notwithstanding, the chat adapts to the user’s internet speed, meaning your messages will always be sent no matter how slow the internet speed is. 

Finally, the platform allows users to send messages, record voice and video messages, share photos, videos or any other files instantly.

Sara K

Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

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