KINDCA$H: Leveraging Blockchain for Good, Making Crypto Less Cryptic and More Impactful
Track
The Future of Global Finance
Format
Fireside chat (2 speakers)
Speakers
- NameJohn Duong
- TitleFounder & CEO
- OrganizationKind Capital
- NameNikolos Oakley
- TitleCFO
- OrganizationGlobal Communities
Description
Crypto is often associated with fraud and its usage for illicit activities due to its anonymity and decentralized nature. What if the very foundation of crypto, blockchain, can be used for good? If we can harness the transparency of blockchain solutions and apply it for good, the impact could be immense. Over $100 billion is lost yearly due to fraud; the technology is there to mitigate it, but the adoption isn’t. KINDCA$H uniquely partners with NGOs and government, providing 100% transparency rather than anonymity, preventing fraud from happening in the first place, and allowing the funds to be directed more efficiently and effectively to what they were originally intended to do. Technology is no longer the competitive advantage; having a viable business model and the right partners that benefit ALL stakeholders is the key to leveraging blockchain (and crypto) for good. The collaboration between a major NGO (Global Communities), a state agency (confidential for now), and Kind Capital to innovate and leverage technology for good serves as an example of a public-private partnership created despite (and in response to) the challenging global political environment.