Blockchain is being trialled to ensure that non-profit organisations are getting the best deal
A network of global charities has begun using blockchain to provide transparency to donations, ensuring that they are used appropriately.
Organisations including Oxfam, Save the Children and Christian Aid are three of the 42 members of the Start Network, which trialled the use of blockchain in humanitarian projects last year. The group has representatives on five continents, and will work on the project with start-up fund management platform Disberse.
Disberse uses blockchain, which records all transactions in a distributed digital ledger, to ensure that less money is lost on inefficient exchange rates, banking fees and currency fluctuations. It will also help charities to fight fraud (in 2012, then-UN Secretary General Ban Ki-moon said that 30 per cent of all UN development assistance was lost to corruption), by tracking all transactions.
More at: Charities use blockchain for cost savings – V3
Authorities in India have prepared charges against the founder of OneCoin, the digital currency investment scheme widely believed to be fraudulent.
According regional news source The Indian Express, the Economic Offenses Wing of the Navi Mumbai Police has put together a charge sheet – in which allegations are formally laid out – that includes dozens of promoters connected to OneCoin. Those involved are accused of taking thousands of dollars from investors.
Police have been cracking down on proponents of OneCoin for months, dating back to April, when police arrested a group of individuals following a promotional event. India is among a number of countries worldwide in which law enforcement agencies have pursued investigations against OneCoin.
Among those being charged is Ruja Ignatova, who founded OneCoin and has largely been viewed as the public face of the scheme, appearing at events worldwide, including an appearance in May at one in Macau. A group of “nearly 30” people have been charged as a result of the Mumbai police investigation.
More at: Indian Police Prepare Charges Against OneCoin Founder Ruja Ignatova – CoinDesk
Vitalik Buterin wants you to know he is alive. In recent years, after it was discovered just how Orwellian a few Western countries had become as regards digital age communications, people became suspicious that the likes of Julian Assange, Edward Snowden, and others had been disappeared. Buterin plays on this, maybe making a clever nod to regulatory capture, in the following tweet:
The 0x… numbers mentioned in the photograph correspond to this Ethereum block. By doing this, Buterin confirms that he is alive at the time of that block – because that information is not predetermined. In doing so, he also demonstrates a powerful way for activists, protestors, and other dissidents facing government, religious, or other persecution to communicate their own proof of life. Of course, the dark side of this is that the same method is pretty useful in things like kidnapping/ransom cases. The analog version would have been the likes of holding a current copy of the Wall Street Journal beside one’s face.
More at: Vitalik Buterin Uses Ethereum Blockchain To Prove He Is Alive – CryptoCoinsNews
One in four publishers admit they have no way of detecting web traffic that comes from nonhuman sources. The Data & Marketing Association wants to change that by harnessing blockchain technology to combat bot traffic.
The digital advertising industry drove $175 billion in spending in 2016, and marketers want to know the money they spend will bring in a valuable audience. The bad news is that bots regularly drive spam traffic to a huge portion of sites all over the web.
But a new collaboration among the Data & Marketing Association (DMA) and two technology companies—advertising tech startup MetaX and software developer ConsenSys—will help the industry identify and combat ad fraud by using blockchain software, the technology that underpins bitcoin, which enables secure transactions online and can increase transparency and trust.
The product of the partnership, adChain, is an open protocol on the public Ethereum blockchain that aims to connect the digital advertising industry’s disjointed supply chain, according to a DMA white paper.The technology targets bot traffic and ad fraud to deliver transparency, security, and verified impression tracking, a press release notes.
More at: Group Takes Aim at Ad Fraud with Digital Advertising Blockchain Tech – Associations Now