BLOCKCHAIN FOR SOCIAL IMPACT
We believe that startups and innovation can help humanity, serve societies and emerging technologies will transform experiences.
Our understanding of blockchain technologies is still in its genesis, but we think it could reshape capitalism and societies shared values.
It could also drive the next wave of innovation and productivity growth in the global economy, providing new understandings of the immense human needs to be met, large new markets to be served, and the internal costs of social deficits — as well as the competitive advantages available from addressing them.
Read the study "Blockchain for Social Impact Moving Beyond the Hype"
By Stanford Graduate School of Business
SUPPORTING THE EVOLUTION OF THE NEW SOCIAL ECONOMY
Every business has an impact on society and the way that people live their lives, from the products and services they deliver—whether food, mobile communications, banking services, or utilities—to the way they operate—including employment practices and value chain decisions.
BLOCKCHAIN TECHNOLOGY: A CATALYST FOR CREATING SOCIAL VALUE
As social initiatives engage with the nonprofit, for-profit, and public sectors to generate and share resources, tools, and knowledge, permissioned blockchain models could help prioritize digital identity access and manage a high quantity of data enabling to amplify productivity and performance.
The "Blockchain for Social Impact” hackathon seeks to bridge the gap between technology and innovation by maximizing social impact and collaborating with diverse stakeholders, from academia to businesses and start-ups, uniting all on the common goal of creating social impact.
Blockchain provides traceability and accountability for every transaction within the social economy, and with additional features like smart contracts, aims to operate free from human interferences and the risk of corruption.
Trustless cooperation tools might be a good example for applications over distributed infrastructures, but we can also find blockchain solutions applied to customs declarations.
GLOBAL RESOURCES DISTRIBUTION
For the past few years, research and development to enhance food authenticity and food safety have been dramatically improved.
Through the practice of precision agriculture to measure the usability of fertilizers, seeds, water and get a deeper overview of local weather patterns provided accurate cultivation, harvesting and land treatments.
Blockchain technologies - closely coupled with other modern technologies such as drones, smartphones and IoT - can bring a new level of traceability of food products to their source.
Cars and drones can through decentralized systems, communicate with each other and external services for charging, deliveries and maintenance.
By using peer-to-peer protocols that do not rely on any central server but on a network of nodes, we can imagine multiple deployments to secure - and protect - the users, the drivers and the providers.
Non-profit management systems run on centralized approaches meaning single-entity control equivalent to a single point of failure, which makes most donation environments extremely vulnerable to hacker attacks and even power outages.
By deploying decentralized systems, utilizing peer-to-peer approaches, with no controlling authority being involved, non profit systems can formalize their commitment in a smart way and bring donation systems to the next level.
DIVERSITY & EQUALITY
We are committed to gender diversity, namely realizing the Anita Borg vision of 50-50 by 2020. We therefore wish to use technology itself to change the status of women in technology. Women face many challenges in the workplace, from equal-pay-for-equal work to various forms of harassment. Equal pay for equal work means that for the same: skill, effort, responsibility, working conditions in an establishment men and women are entitled to equal pay. Harassment is unwelcome conduct that is based on race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information.