It isn’t often we come across a technology that is as far reaching as Blockchain in its ability to improve the lives of world’s underrepresented. On Sept 30, Oracle will be joining a virtual conference with industry experts 101 Blockchains to discuss how Blockchain technology can be used for social good. The virtual conference is entitled "Blockchain for Social Impact & Sustainability."
Featured speakers joining the event include:
👉 Genevieve Leveille, CEO, AgriLedger
👉 Mary Hall, Director of Blockchain Product Marketing, Oracle
👉 Professor Olinga Taeed PhD FIoD, Council Member and Expert Advisor at China E-Commerce Blockchain Committee
👉 Maria Rosaria Ceccarelli, Chief, Trade Facilitation Section, UNECE
👉 Mehran Hydary, Blockchain Product Manager, UNICEF Innovation
👉 Anya Nova, Product Owner, Power Ledger
👉 Ella Cullen,Co-Founder & CMO, Minespider
👉 Anca Bogdana RusuPartnerships, Policy and Advocacy, cLabs
I'll be presenting a keynote presentation on Blockchain For Good Use Cases with Lukas Puender, co-founder of retraced. In this presentation, we will discuss how Blockchain, with the power of democratization of data and decentralized governance, is helping to solve compelling societal problems. We will discuss use cases and design considerations to innovate with Blockchain, including how retraced is helping fashion brands track sustainability sourced materials.
How Blockchain Help Solve Societal Problems
Our world runs on data. Every transaction we make requires verification and is often performed by a centralized body. Such a system results in a power imbalance of approvers vs. the approved, thereby limiting participation and collaboration. When you look at the verification of any transaction, it generally involves a simple check based on most recent data. For example, a money transfer from party A to B involves a check of the current account balance of A and the authentication that party A indeed wants to transfer the specified amount to party B. This type of transaction also involves identity verification of Party A and B. All these steps in the fund transfer can be automated with the help of a technology that provides secured democratization of data with programmability of transaction logic. Blockchain is that technology.
The sale of fraudulent goods, costly finance fees for transactions and data breaches have the most impact on the underrepresented and economically disadvantaged who are unable to afford the increases in goods and services that these problems create.
The power of Blockchain, with data that is decentralized and available to all permissions parties, resides in it's ability to enhance collaboration via reliable data. . Built upon the premise of collaboration, the technology facilitates a balance of power among all parties.
Register for the webcast "Blockchain for Social Impact & Sustainability" to hear a good overview of how Blockchain technology can help solve some of the world’s toughest problems. To learn more about Blockchain and the Oracle Blockchain Platform, visit Oracle Blockchain on the web.