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+--- Thread: Blockchain as a Catalyst for Good (/thread-87232.html)
Blockchain as a Catalyst for Good - xSicKxBot - 11-08-2018
Blockchain as a Catalyst for Good
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<p>Blockchain and its ability to “embed trust” can help elevate trust, which right now, is low, according to Sally Eaves, a chief technology officer and strategic advisor to the Forbes Technology Council, speaking at The Linux Foundation’s <a href="https://events.linuxfoundation.org/events/open-fintech-forum-2018/">Open FinTech Forum</a> in New York City.</p>
<p>People’s trust in business, media, government and non-government organizations (NGOs) is at a 17-year low, and businesses are suffering as a result, Eaves said.</p>
<p>Additionally, Eaves said, 87 percent of millennials believe business success should be measured in more than just financial performance. People want jobs with real meaning and purpose, she added.</p>
<p>To provide further context, Eaves noted the following urgent global challenges:</p>
<ul>
<li>1.5 billion people cannot prove their identity (which has massive implications in not just banking but education as well)</li>
<li>2 billion people worldwide do not have a bank account or access to a financial institution</li>
<li>Identity fraud is estimated to cost the UK millions of euros annually.</li>
</ul>
<p>Read more at <a href="https://www.linuxfoundation.org/blog/2018/11/blockchain-as-catalyst-for-good/">The Linux Foundation</a></p>
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