Decentralized App Aims to Provide Basic Income for All
A new decentralized app, or 'DApp', is aiming to challenge the idea that we need government taxation and welfare to take care of the poorest and most needy members of society - through an ambitious project to provide a basic income for anyone who needs it. The Basic Income project was announced this week by so-called 'Governance 2.0' service Bitnation, and is being developed in partnership with Johan Nygrenm of Reslience. Me. The idea behind the project is simple - to provide welfare support to people who need a little extra help during the tough times in their life, funded through....
Related News
Could cryptocurrency bring a basic income to the people of the world, relieving them of their day-to-day quest for survival, and leaving them to ponder more philosophical questions about their existence and reaching new heights of productivity? Some in the cryptocurrency space believe so. The idea for a universal basic income is not new, as Thomas More proposed it in his 16th century work, Utopia. Just recently, Switzerland voted 'no' to a basic income for its citizens, but the controversial idea has grown in popularity. A group currency is a cryptocurrency that provides its members with a....
The Decentralized Application (DApp) basicincome.co will be hosted on the Bitnation core platform - Bitnation Pangea - after its release in 2015. Basicincome.co will be a first experimental attempt to provide a system for a crypto based Universal Basic Income (UBI), entirely based on voluntary 'taxes' (e.g. transaction fees). Basicincome.co is the brainchild of Swedish student Johan Nygren, who invites the crypto community to engaged in the project and visit the basicincome.co GitHub repository. Bitnation leader Susanne Tarkowski Tempelhof said to CCN: "As an entrepreneur, I know money is....
In the last few years, we have seen a boost in interest in universal basic income schemes. The idea for it is not a new nor a radical concept. It first appeared at the beginning of the 16th century in the work of Thomas More, Utopia. For centuries governments around the world have been exploring the potential of universal basic income in easing the vulnerabilities of working people exposed to threats of transforming the labor market. The recent growing experimentation clearly shows that there is a need to find effective solutions to alleviate the perils of globalization. Opinions are....
Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market, the fintech start-up, which uses the Celo blockchain, will use its platform to ensure payments reach the intended beneficiaries. Using the Blockchain Without the Internet According to Kotani Pay’s recent post on Medium, the start-up’s partnership with RIO and Impact Market will also see....
GoodDollar believes that "digital basic income can work at scale, while effecting positive change on a global level.” A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens.According to a Wednesday announcement, the universal basic income, or UBI, project from GoodDollar has reached more than 40,000 people from 180 countries since it launched in September. The project reported that more than half of the participants were claiming its reserve-based token, G$,....