The post Blockchain for Good: How 7 Projects Are Making a Real Difference appeared first on Coinpedia Fintech News

Blockchain Technology has been around for over a decade, making significant strides in various sectors. Beyond finances and crypto trading, Blockchain Technology is transforming industries such as healthcare, travel, education, insurance, supply chain, and agriculture, bringing societal benefits. It’s the game-changer levelling the playing field for everyone. 

With its transparency, security, and decentralization, blockchain technology is equipped to drive social impact and create positive change worldwide. This listicle explores 7 projects harnessing blockchain for real-world good.

1. Philcoin 

The Philcoin ecosystem merges charity with technology, promoting peer-to-peer philanthropy worldwide through its give-to-earn model. Think of Philcoin as a more advanced, transparent, and secure version of platforms like GoFundMe. Donors can trace their funds from the source to the final beneficiary, ensuring transparency and trustworthiness. 

Philcoin’s PHILApp provides a unique opportunity for users to earn tokens by connecting, chatting, playing games, learning, or listening to music. The intriguing part? They can only claim these rewards by sharing them with others. Philcoin’s primary mission is global charitable relief, focusing on those with limited internet access or from rural areas. With initiatives spanning medical support, combating abuse against women and children, organizing food drives, and supporting children’s homes, they’ve made a mark across regions from the USA to Latin America, India, and South Africa.

 2. Chronicled. MediLedger project

As the name implies, this is a solution-based project in healthcare aimed at enhancing transparency in the drug supply chain. It capitalizes on blockchain technology to authenticate drug transactions from the source to the end consumer, ensuring DSCSA compliance. This guarantees patients access to safe and certified drugs that directly benefit public health and society.

Having securely validated transactions for numerous big pharmaceutical companies, including Pfizer and Bayer, MediLedger is at the forefront of the fight against counterfeit drugs.  Since its launch, MediLedger has drastically reduced the production, trafficking, and flow of counterfeit and illicit drugs globally.

Additionally, the MediLedger ecosystem uses the zk-SNARKS zero-knowledge encryption protocol to enhance transaction confidentiality without compromising personal data. With this tech in place, the confidentiality level in the system increases since there is no need to reveal personal data between the party verifying info and the one offering verification proof. 

3. Patientory

Patientory is a Blockchain-based application that allows users to access medical data. It empowers patients, medical professionals, and healthcare organizations to securely access, store, and exchange health information in real-time with the highest levels of security.

With the app, available on both Android and iOS, users can connect with health practitioners, discuss symptoms, and derive informed health solutions. Users can either contact the team of health practitioners for pressing health issues or discuss symptoms and likely solutions with other users. This helps people to make informed decisions about their health.

But that’s not all. Patientory incentivizes users to carry out daily tasks to improve their health for a reward. These tasks include uploading your progress photos, drinking a specific quantity of water daily, completing your daily assigned activities, and sharing your medical records with the Patientory Digital Health Data Wallet.

4. Labs Group

Labs Group is a blockchain-based project that offers everyone practical and efficient solutions for investing in real estate. Through tokenization, they offer unique fractional ownership opportunities in real estate. 

The platform offers investors real estate opportunities that are rare. Among Labs Group’s inventive solutions is the Staynex initiative, tailored for the hospitality sector such as resorts, villas, and hotels. With the Staynex Pass, individuals have the opportunity to tokenize their accommodations within these recreational places and transform them into rewards and benefits. The pass also allows users to invest in resorts and hotels and access the marketplaces anytime from anywhere.

5. LaborX

LaborX is a reliable and reputable Blockchain-based marketplace for remote jobs. It has over 65,000 registered freelancers. The platform uses blockchain technology, Web3, and decentralization principles to improve client-freelancer communication. This move enhances transparency, accessibility, and security.

Unlike the traditional setting, LaborX ensures that clients and freelancers interact directly without uninvited third parties. This aligns well with blockchain’s trustless nature where individuals have absolute control over their funds and work. With LaborX, freelancers can earn about 10% more by avoiding commissions. 

But who acts as escrow? That’s the job of smart contracts. Predetermined conditions like deadlines and payment arrangements can be stored in smart contracts. Once the contract is signed, payments are released into the digital escrow account until the task is done and accepted by the client. This approach protects the interests of both parties from misunderstandings and guarantees a fair and trustworthy collaborative experience. 

6. Webjet

Webjet is an online travel agency that leverages blockchain technology to monitor and alert travelers, hotels, and agents about booking inaccuracies. Thanks to blockchain’s immutable distributed ledger technology, Webjet minimizes the chance of inaccurate or lost bookings. The system has a new model designed to avoid annoying booking experiences. 

The system improves the overall customer experience by storing all records on the unchangeable ledger of the blockchain. This decreases the chances of errors or lost reservations and eliminates unnecessary intermediaries between sellers and consumers.

The technology’s improved security features provide better protection for the ecosystem. Webjet not only improves the customer experience but also optimizes the supply chain, leading to cost savings for both hotels and travellers.

Conclusion

As we delve into innovations shaping our world, blockchain technology clearly emerges as a forerunner. Not only is it spearheading the finance sector, but it’s also transforming how things are done across several other industries, as demonstrated by the projects listed above.

While blockchain may have been around for a while, its continuous evolution promises a future where transparency, security, and inclusivity are paramount.

From increasing access to healthcare data to enabling fast and more direct charitable giving, these projects demonstrate a remarkable social impact. With projects like Philcoin pioneering humanitarian aid and facilitating equal access to the digital economy, the horizon is promising, and we’re all set to embrace it.