The non-governmental environmental organization will soon receive donations in a new digital currency fueled by the blockchain technology. M.A Bloc
The non-governmental environmental organization will soon receive donations in a new digital currency fueled by the blockchain technology.
M.A Blockchain, a decentralized public welfare system, was introduced on December 3rd in Montreal, Canada. The project was launched by the Mind Asset Global Development Foundation, also known as MAGDF or “the Foundation”.
Their press release states that M.A Blockchain has been dedication to the exploration of the blockchain technology. MAGDF’s Secretary General, Steven Bradley, said in a speech that the blockchain technology may help to resolve “the issue of trust through technical means”.
Therefore, M.A blockchain wants to use the technology of digital currencies in relation to public welfare programs. According to cryptocoinnews.com, a decentralized global public welfare system could be an open, transparent and irreversible alternative of what we have now.
“Based on the open, transparent and irreversible features of the blockchain, all the processes and results concerning the commonweal cause will be put under the attention and monitoring of all sectors of society, which will promote progress of philanthropic programs by providing transparency, thereby allowing mainstream society to attach more importance to and take a more active part in it.”, according to the press statement of The Mind Asset Global Development Foundation that is behind the M.A Blockchain.
Moreover, participants had to vote on a public service organization to receive donations in different forms, including the digital money of M.A Blockchain. Mr. Bradley revealed that the winner was the non-governmental Greenpeace. The environmental organization received 24.46% of the overall votes (a total amount of 54,326,163 votes).
Interaction between philanthropic organizations and charities around the world seem to be of utmost importance. With that in mind, Mr. Bradley announced that they also work on the preparation of an international public welfare community plan.