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By Darin Carter, Coinbase Giving Program Supervisor
This fall, Coinbase Giving launched the Blockchain Breakthroughs Innovation Problem as a step to lift consciousness about blockchain expertise and make it extra inclusive and accessible for everybody. The aim of this problem was to supply modern concepts for methods to leverage the distinctive attributes of blockchain expertise to unravel a few of our world’s most outstanding issues. We noticed participation from over 300 groups and heard some unimaginable concepts.
The purpose of this problem was to not ask these rivals to provide you with a completely baked answer, however to incentivize the builders on the intersection of Web3 and social impression to check out many options, share outcomes/progress, and construct a greater world collectively as a neighborhood, with their findings.
The way it labored
- In October 2021, Coinbase Giving and its associate Base 11 launched the Innovation problem, in partnership with crowdsourcing web site HeroX.com, on the Subsequent Frontier Convention to focus on how blockchain expertise can drive social impression.
- The Problem was made accessible to college students and early-career adults from throughout the nation on Base 11’s free membership platform Base 11 Digital.
- In early January of 2022, our material specialists judged the primary spherical of entries internally in line with our innovation problem scoring framework.
- Twelve finalists have been invited to pitch their thought to our management staff for consideration.
- After a remaining spherical of judging, Coinbase Giving and Base11 awarded $10,000 USD in prizes to winners which may very well be obtained in USD, BTC, or ETH.
Profitable initiatives proposed how blockchain expertise could be leveraged throughout the subjects of renewable vitality micro-grids, the debt disaster, world useful resource assist, smart-contract life insurance coverage, voting fraud, and far more. The total listing of winners, with extra particulars on the initiatives and communities they serve, could be discovered right here.
What we discovered
- Innovation can come from wherever: Our contributors represented nations everywhere in the world together with New Zealand, Germany, the Philippines, Argentina, Colombia, and plenty of extra nations across the globe. We’re proud to say that the very best concepts got here from exterior of the crypto trade. Our contributors have been lecturers, medical doctors, dentists, psychologists, provide chain staff, neighborhood leaders, and extra trying to share their superb concepts for a way blockchain could make a distinction.
- Asking the best query could be highly effective: By asking folks from varied backgrounds how blockchain could make an impression, particularly in areas like environmental sustainability, monetary inclusion, healthcare and schooling, the people who find themselves closest to the issues price fixing are capable of floor concepts on how blockchain could be utilized as an answer.
- Blockchain actually has the potential to alter the world: As you possibly can see from our successful entries talked about above, there are numerous ways in which blockchain can have a constructive impression on the planet.
The Coinbase Giving and Base 11 groups wish to thank all the contributors on this 12 months’s Blockchain Breakthroughs Innovation Problem for his or her concepts, arduous work, and time. We’re wanting ahead to the subsequent Innovation Problem and encourage everybody to begin brainstorming concepts to pitch to the staff.
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