Brave new world: Startups and Blockchain - episode 2

We’ve recently added an article regarding how blockchain and cryptocurrencies can change the world in many ways, in terms of crowd funding, fastening payments to poor regions and so on. We’re focusing today on another initiative which proves just that. Bitspark, which is a recently created start up, has announced they have begun working with the United Nation’s programme for development in poor countries. The new project for which the 2 teamed up is meant to help over 85% of the population of Tajikistan without formal bank accounts. Bitspark announced this is a pilot project which would help migrants and their families to receive fast payments on their mobile devices.

The company will achieve this with the help of their app – Sandy – which is used for reliable and instant payments. This initiative is part of a wider effort which uses blockchain to distribute better and faster help to refugees, improving UN operations with help of top notch technology. Welcome to a brave new world!