Initial Coin Offerings Can Issue Social Change, Too

The United Nations World Food Program

The United Nations World Food Program

Overall Rating

Grade b

  • NAGovernance
  • NAEnvironmenal
  • NASocial
Virtual currency is a viable solution to real-world problems! The United Nations World Food Program (WFP) provided cryptocurrency vouchers to Syrian refugees in Jordan for use at selected markets. It resulted in the recording and authentification of transfers for 10,000 people. And this is only the beginning!
Many cryptocurrency projects led by startups and large international agencies alike are striving for bold breakthroughs in entrenched social issues, fostered by the greater speed, transparency and data integrity of blockchain technology. As Initial Coin Offerings (ICOs) pave the way for ever more types of cryptocurrencies, the sweeping potential for social progress increases by the day.