Companies using blockchain to meet the UN’s Sustainable Development Goals
Blockchain has been quite active this quarter with several businesses aiming to use blockchain to meet the UN’s Sustainable Development Goals (SDGs).
For example, Bengaluru-based blockchain startup Dhiway’s CORD, an open source project with an OSI-approved license, is purpose-built to support population initiatives such as the UN’s Sustainable Development Goals (SDGs). This “Made in India for the World” blockchain aims to support the needs of population-scale goals and objectives such as financial and economic inclusion, social protection, healthcare, education, agriculture, governance, migration and registry management.
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“CORD creates new opportunities to address trust gaps, manage transaction authenticity, and exchange value at scale. Its foundational design provides a reliable, secure, and extensible foundation for building a variety of applications that offer the best of Web3.0 characteristics,” said Satish Mohan , co-founder and CTO at Dhiway.
“We see CORD as an important building block for digital public infrastructure across use cases that require disintermediation, separation and consistent reuse of verifiable information and management of risks around authenticity, confidentiality and privacy of data.”
Dhiway says that reliance on outdated, silo-based information models with high maintenance costs will gradually decrease.
Blockchain & Fitness
Blockchain also operates unprecedented business sectors to deliver real value to blockchain activities. In November, the fitness lifestyle app FitBurn was linked to the 5ire blockchain, the world’s first sustainable blockchain network, developed in integration with the UNSDG.
FitBurn builds a tokenized community to financially support users in their health and fitness journey through the project’s unique Burn-to-Earn model. Users can track their fitness journey through the app and receive rewards in the form of CAL tokens.
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The collaboration between these two blockchain projects will be mutually beneficial. 5ire’s Testnet will give FitBurn a platform to test ideas before publishing them on the Mainnet. In the meantime, it will serve 5ire’s purpose of expanding into the gaming and fitness industry and promoting sustainable use worldwide.
