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By Darin Carter, Coinbase Giving Program Supervisor
This fall, Coinbase Giving launched the Blockchain Breakthroughs Innovation Problem as a step to boost consciousness about blockchain expertise and make it extra inclusive and accessible for everybody. The aim of this problem was to supply revolutionary concepts for the way to leverage the distinctive attributes of blockchain expertise to resolve a few of our world’s most distinguished issues. We noticed participation from over 300 groups and heard some unimaginable concepts.
The objective of this problem was to not ask these rivals to provide you with a totally baked resolution, however to incentivize the builders on the intersection of Web3 and social impression to check out many options, share outcomes/progress, and construct a greater world collectively as a neighborhood, with their findings.
The way it labored
- In October 2021, Coinbase Giving and its accomplice Base 11 launched the Innovation problem, in partnership with crowdsourcing web site HeroX.com, on the Subsequent Frontier Convention to spotlight how blockchain expertise can drive social impression.
- The Problem was made accessible to college students and early-career adults from throughout the nation on Base 11’s free membership platform Base 11 Digital.
- In early January of 2022, our material consultants judged the primary spherical of entries internally based on our innovation problem scoring framework.
- Twelve finalists had been invited to pitch their concept to our management crew for consideration.
- After a ultimate spherical of judging, Coinbase Giving and Base11 awarded $10,000 USD in prizes to winners which might be acquired in USD, BTC, or ETH.
Profitable initiatives proposed how blockchain expertise will be leveraged throughout the subjects of renewable power micro-grids, the debt disaster, world useful resource help, smart-contract life insurance coverage, voting fraud, and rather more. The complete listing of winners, with further particulars on the initiatives and communities they serve, will be discovered right here.
What we discovered
- Innovation can come from wherever: Our individuals represented nations everywhere in the world together with New Zealand, Germany, the Philippines, Argentina, Colombia, and lots of extra nations across the globe. We’re proud to say that the perfect concepts got here from outdoors of the crypto trade. Our individuals had been lecturers, medical doctors, dentists, psychologists, provide chain employees, neighborhood leaders, and extra trying to share their wonderful concepts for a way blockchain could make a distinction.
- Asking the correct query will be highly effective: By asking individuals from numerous backgrounds how blockchain could make an impression, particularly in areas like environmental sustainability, monetary inclusion, healthcare and schooling, the people who find themselves closest to the issues value fixing are in a position to floor concepts on how blockchain will be utilized as an answer.
- Blockchain actually has the potential to alter the world: As you’ll be able to see from our profitable entries talked about above, there are various ways in which blockchain can have a optimistic impression on the earth.
The Coinbase Giving and Base 11 groups want to thank the entire individuals on this yr’s Blockchain Breakthroughs Innovation Problem for his or her concepts, arduous work, and time. We’re trying ahead to the subsequent Innovation Problem and encourage everybody to start out brainstorming concepts to pitch to the crew.
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