More than a trend to serve the interests of the cryptosphere, the blockchain for good movement is this new generation of entrepreneurs who want to use blockchain technology for the purpose of serving social good.
Just like the NFT for Good this specific category of NFT is used to finance and bring visibility to good for humanity projects (e.g.: “encapsulate your will”): encapsulate your will).
So how can blockchain work for social good? How could blockchain be the key to sustainable development?
The objectives of blockchain for good, the Sustainable Development Goals
Everyone knows what sustainable development is, but without really knowing what it represents.
According to the first definition given in the 1987 Brundtland report, sustainable development is “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
And to resume with these two inherent concepts that are :
- The most basic needs for the most disadvantaged people.
- And the use of certain techniques with their limits to achieve current and future needs.
In 1992, the term will be used at the Rio de Janeiro summit.
It is then explained that sustainable development is presented in the form of across-architecture between three pillars: the environment, the social pillar and the economic pillar.
Therefore, how can blockchain allow these 3 objectives to be achieved while taking into account their different aspects: viable, livable, sustainable, fair?
The idea behind a blockchain for good
Thus, a project qualified as blockchain for good is a blockchain project that initiates a movement towards one of these goals.
Projects have been flourishing in recent months, some in the environmental and climate field, others in the field of supply chain or agriculture, etc.
Other sectors are also targeted, such as the health sector with Galeon (see below).
The number one asset of blockchain technology is that it allows data to be transacted quickly, securely and transparently (in the sense of transparency and traceability).
This last argument can largely favor the realization of a sustainable development.
Transparency and traceability
With more insight into the traceability of multiple data transactions in a given sector, several issues can be addressed.
For example, consumers would have better knowledge of the products and services they purchase.
Apply this blockchain for good to the supply chain, it is possible to specify the origin of a product, to control its composition and its mode of conservation.
This can reinforce “consume local”, limit food waste, limit fraud and reduce CO2 emissions.
In the energy sector, we now know that the supply is mostly centralized.
However, at certain distances, there are inevitably losses according to the more or less distant zones.
Energy losses that could be avoided by evaluating the distribution at any given time(who consumes what, and who consumes the most?).
On the same theme, we could imagine a traceability in our way of recycling.
At the international level, it would be possible to control the application of certain treaties or regulations by the signatory States and Institutions. All protected by smart-contracts.
And then, why not go even further with greater transparency in the distribution and use of donations by NGOs, associations and other charities.
There are many examples of applications of blockchain for good.
What type of blockchain?
Blockchain for good projects either use existing blockchains (e.g. Bitcoin or Ethereum).
Others are developing their own blockchain. This is what we do with Galeon.
Galeon, medical AI and blockchain for good
Galeon is part of this Blockchain for good movement.
With its unique concept of medical AI, using blockchain technology, Galeon is revolutionizing the future of medicine.
A medicine that wants to be 100% personalized according to the patient’s profile; a medicine where medical research does not simply depend on financial contributions, but rather on collaboration between the different actors of the medical sector with structured and, above all, protected data (…); a medicine that wants to guarantee equitable access to care and to the management of each patient.