4 Ways the Blockchain Technology Will Aid in Ending Human Right's Violations While blockchain technology is revolutionizing the way we think about and protect our financial information and personal data as a whole, it is also becoming evident that the technology’s potential applications outside of just that realm are vast and growing by the day. The use of blockchain technology is already beginning to change how industries like real estate, insurance, and healthcare do business. Blockchain technology is and will continue to reach far and wide through various sectors of the business world to help us protect and secure, but it has the potential and shows great promise in aiding the planet by reducing some of the world’s most significant issues, crippling human right's violations across the globe. Here is a quick overview of just a few of the ways that blockchain technology is coming to the aid of humanitarian efforts across the world today.
Track Aid Given to Refugees The global refugee crisis stands to be one of the greatest quandaries of our era and one of the most difficult for our world leaders to begin to solve. Though many issues need attention and care to eradicate the crisis as a whole, one solution crafted with the help of blockchain technology that allowed the United Nations to bring aid to many of those in need. The United Nation's World Food Program (WFP) recently tested a pilot program of giving Syrian refugees cryptocurrency-based vouchers to use in markets. The resulting test showed that most refugees were using the funds to purchase food items like olive oil and pasta. Many detractors claimed that these refugees were wasting the funds, but data from the original trial showed enormous success in giving the refugees the ability to purchase what they were in need of as the program had initially set out to do. With the success of the initial trial of 10,000 refugees, the WFP is looking to expand the program to more than 100,000 refugees living in Jordan. If that trial sees similar results to the pilot program in Syria, the UN’s World Food Program will have succeeded in aiding every single refugee currently living in Jordan. By cutting costs and controlling the financial risk of the global efforts, blockchain technology shows potential for organizations like the World Food Program to make significant strides forward in so many different humanitarian efforts around the world.
Stop Slave Labor Practices Some industries are notorious for using slave labor to stay competitive, but with the advent of blockchain technology, we could see reform to labor practices to prevent slave labor from being a factor in production at all. The seafood industry in southeast Asia is a prime example of this practice, where some fishermen are held hostage at sea and forced to work long hours for little to no pay. Those who show the slightest bit of discord about their treatment are murdered and thrown overboard, so the practice has stayed hidden from the general public. Massive supermarket chains like Walmart, Safeway, and Costco fuel this practice by demanding cheaper access to seafood products and as an everyday consumer purchasing these products, we are unwittingly fueling these practices overseas.