Blockchain for Social Impact in Latin America

How Latin American communities are leveraging blockchain for good

Social political crisis in Latin America, as you have seen, have had in recent years, a permanent quote on the mainstream news, coming from all its regions, i.e. Central America, Latin America, and Caribean. These crises have systematically eroded the trust deposited from citizens to their respective governments, shifting the mindset from a “the government protect our rights and watch over our well-being” to a “government limits us, oppresses us and its system is broken”. Among all these problems, non-profit organizations, more specific, the ones that work on democracy topics, have had its decisive role as active actors as the last moral resource for citizens to claim for their right and demand for human rights respect.

Taking into account the massive importance of these organizations in the social tissue of citizenship, where sometimes they represent the last opportunity for a society to solve a crisis in the most “peaceful” way, its urges to cover it with silver armor, against corruption, embezzlement, and collusion with dictatorships, because it would mean the rise of a civil conflict in nations devasted through years of corruption. Technology by all its mediums has the opportunity to be this silver armor, through decentralized blockchain, making transparent the distribution and use of resources to support either democracy, first aid, and its own accountability to recover the few grams of trust population has on the institutions that claim to fight for democracy.

Since its boom, blockchain activists and innovators have taken on the task of attending to donation transparency issues in the traditional social sector, and some of the most important platforms are Alice, Helperbit, Binance Charity Foundation, AidCoin, CareBit, and others.

There’s no doubt that blockchain is a promising technology, that could propose a new and disruptive way to recover donors trust by making creating a transparent windows to validate the support you’re giving to each organization and have the opportunity to filter in the process to the ones that either make bad use of those funds or don’t fulfill their impact metrics.

Disclaimer: The views expressed by the author above do not necessarily represent the views of the Ethereum Foundation.