It’s not just about cryptocurrencies and tokens: It’s about Blockchain causing a social revolution
We’re in 2019 and if you’ve still not heard of Blockchain I would assume you’ve been out of this planet for a while. The disruptive, innovative technology that is essentially known for revolutionizing the financial world through cryptocurrencies has been a hot topic since 2017 when Bitcoin value reached a peak and all investors wanted to set foot in this promising market.
Since then, a lot has happened: While pioneer cryptocurrency Bitcoin was jumping up and down, new cryptocurrencies were created whose outlook and fate look promising though not totally clear, let alone assured, subjects as they are to the vagaries of the volatility of speculative markets. It is in that context albeit with the aim of staying above the turmoil, that HoryouToken was launched last December to support and promote social and economic inclusion, as well as propose a fresh approach to the cryptocurrency industry which posits that Blockchain can and should come with a Purpose. Thanks to a traceable and intelligent philanthropic feature called Proof of Impact that enables each Blockchain transaction to support social good causes, it allocates resources to social entrepreneurship projects, non-profits and social good doers, and members of the social network for social good, Horyou.com.
The idea behind the creation of HoryouToken is that Blockchain can advance the UN Sustainable Development Goals, via social impact and economic redistribution. More specifically, it can impact SDG1 (No Poverty), SDG2 (Zero Hunger), SDG8 (Decent Work and Economic Growth), SDG9 (Industry, Innovation and Infrastructure) and SDG10 (Reduced Inequalities).
Yet, there are many other uses for Blockchain that are not solely connected to cryptocurrencies. Social entrepreneurs may find a world of possibilities within the technology, ranging from supply chain solutions, to management of unnecessary waste and pollution (SDG12), strengthening democracy, reinforcing government institutions and fostering transparency (SDG16).
Contracts, data sharing and copyright issues would be safer and broker-free, which would reduce costs and increase access to services. E-government is a fine example. Having long invested in technology and adopted Blockchain since 2012, Estonia is now considered as one of the most unbureaucratic, smart states in the world. It is attracting new tech businesses and investors, developing workforce and turning into a more sustainable community (SDG11).
Healthcare has also made interesting use of Blockchain, with digital records starting to be adopted all over the world and hospitals, cities and countries using them as a safe if smart way to handle health data.
So, what does the future hold for Blockchain technology? Experts point to a clear social impact, with improved security, as well as compliance and traceability of goods and people. This would translate into healthier food through Blockchain in the supply chain and transportation, fair wages and the end of forced labor through smart contracts. And, of course, more functionalities for social-oriented cryptocurrencies and tokens to promote a fairer and more inclusive world. All reasons why for us HoryouToken, which by nature is the embodiment of Blockchain and cryptocurrency for social good, is a subject of pride.