Digital identities, impact investing, renewable energies, development fund tracking, collaboration platforms.. were some of the topics covered at the MakeSense SenseTech event in Frankfurt on the 28.02.2018 at the Social Impact Lab.
Here were the 4 speakers:
1/ Balázs Némethi from Taqanu
Taqanu is developing digital identity and financial services on the blockchain. Balazs is an invited expert for the World Economic Forum’s Digital Identity Taskforce and has been in the digital Identity space for over 2 years. He has a passion for delivering real impact with the use of technology and Blockchain.
Balázs shared his knowledge on digital identities and associated challenges. He believes that a digital ID is a basic human right. The starting point for him is that centralized databases are central points of failure for your identity. Last year in the US, hackers stole information of 143 million Americans (names, social security numbers, birth dates, addresses and a yet-to-be-determined number of driver’s license numbers).
- data storage challenge: blockchain should act as a central database for proof of existence and not as a store of data in itself. Because if it is stored on blockchain today, risks are high that it will be hacked in the future. If the identity is verified and validated once and for all through an immutable blockchain, then his validation serves as authentication and the identity data itself does not need to be displayed anymore.
- self-sovereignty benefits: blockchain offer strong digital identity ownership to their owners. Identities can’t be confiscated, manipulated, transferred or sold to third parties like with Facebook or Twitter which can sensor identities at any time. Therefore convenience and simplified experience, improved privacy protection and greater control over personal data are key benefits of Blockchain-based digital identities for consumers. For business and regulators, it also reduces risks, costs of data breach, and increase efficiency.
- global Internet coverage: Balázs impact’s target is to help 90% of the world population hold a blockchain ID by 2030. With Elon Musk, Facebook, Google and other Tech companies rolling-out Internet at a fast pace, billions of people will soon have access to high-speed internet, before governments can actually be capable or identifying their own citizen. We need to anticipate this and find ways to enable digital identities for all.
Balázs is currently working with a large NGO to pilot his solution on several camps in West Africa – more to be officially announced soon! If you are active in this field or want to learn more, you may want to get in touch with him!
2/ Björn D. Fischer from EcoKraft
Björn has been active since the early 2000’s in the carbon/climate and sustainability finance markets (project development, trading and environmental investment, carbon assets SaaS applications, GHG regulatory frameworks for federal and state legislature).
Björn realized the need and opportunity to create a digital platform that generates bankable projects pipelines in emerging markets. He spent more than 17 years in four continents before returning to Germany in late 2015.
He then co-founded EcoKraft, an impact investing platform focusing on renewable energy projects in developing countries. Whereas Björn is not directly using blockchain, he sees the impact the technology can have on his activities and is seeking to integrate it in later stages, especially when he can integrate smart meters and smart grid components to its system.
EcoKraft is now piloting first renewable development projects in Malawi, and looking for contats in the field or neighbouring countries! Ecokraft is also seeking to collaborate with Development Finance Institutions, impact investors and project developers!
3/ Andreas Lang from Dorium
Andreas Lang is the founder of DOR Cyber Solutions. His team came up with Dorium a proposition of a social-economic System and cryptocurrency creating, rewarding and financing social and environmental impact. An online community decides about the financing of sustainable projects and funding is provided with the new currency called “SoBz”.
Dorium is using the blockchain for the implementation of the SoBz currency, the voting system, the user system and the measurement and reporting of social impact. The impact created by the projects are recorded in each SoBz used in the process, in such a way that the SoBz becomes a new unit for social impact measurement. Dorium will not develop its own blockchain system but use existing ones that include a “proof-of-reference” mechanism (another name for theh “proof-of-stake”).
Dorium is having an ICO for its DOR-NEX Tokens in March 2018. The DOR-NEX is a standard ERC20 Token issued to finance the development and promotion of Dorium. Dorium is looking at charities, partners, investors, private companies willing to take active part of the community and use its cryptocurrency.
4/ Piet Kleffman and Christian Vosseler from KfW
KfW is the German development bank headquartered in Frankfurt which developed a blockchain tool called “TruBudget” to better track public funds and impact.
The collaboration for international development projects is often highly inefficient due to slow and incomplete communications, ways of communications email or paper-based, multiple stakeholders and redundant IT sytems.
Therefore KfW has developed a prototype of a joint platform of collaboration and expenditure control, acting as a central repository for all partners involved in a given project. The information is securely shared on the platform using a private blockchain.
The prototype is currently in test version and anyone willing to provide its expertise and feedback or any organization interested to test the solution are welcome!
There are many other use cases of Blockchain for social impact!
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