Helperbit Uses Blockchain to Win European Competition for Natural Disaster Relief
An emerging blockchain startup aimed at revolutionizing the way money is donated to charities for people affected by natural disasters has won theD10e contest in Amsterdam with an exclusive invitation to pitch at the D10e in San Francisco in July. Helperbit, a natural disaster management platform, faces real-world problems harnessing the power of....
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Helperbit is an Italian startup which has created a platform to manage natural disaster donations. The project was born in 2014, but only now has it finally started to accept donations thanks to its collaboration with Italian non-profit organization Legambiente. As revealed in a recent press release, Helperbit will now help Legambiente to raise funds for its campaign entitled "The Rebirth has a Young Heart" dedicated to youth entrepreneurs in the Italian areas affected by the earthquakes in 2016. Thanks to the Blockchain technology, Helperbit adds another channel for fundraising....
Legambiente, the first non-profit organization in Italy, has teamed up with Helperbit, a natural disaster management platform, to accept bitcoin donations for natural disasters in a new campaign. Titled ‘The Rebirth Has a Young Heart’, it is dedicated to youth entrepreneurs in the Italian areas that were affected by the earthquakes in 2016. Through the use of blockchain technology, Helperbit is helping Legambiente to raise funds, offering donors transparency and traceability of economic flows. On August 24, Italy was struck by a magnitude 6.2 earthquake that struck the center of Italy....
Various blockchain solutions are being used by organizations and enterprises to create efficiencies for U.S. disaster relief efforts. Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems. The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between 2010–2019 than it did during 2000–2009. Data from Climate.gov further shows that 2021 was....
Cash and gifts-in-kind are the two main types of relief when it comes to assisting those who have suffered in the face of natural disasters, but bitcoin is becoming an ever more popular option. In the aftermath of the 2004 Indian Ocean tsunami, over $14bn was pledged by the international community for the relief and recovery of the 14 countries affected by the natural disaster - one of the deadliest recorded in history. Paul Currion, an independent consultant for humanitarian organisations, told CoinDesk this "huge outpour of public support" meant a lot of organisations had more funding....
ING and Societe Generale, a Dutch and French bank respectively are reportedly in talks with global commodities traders to test trading of liquefied natural gas on a blockchain enabled with smart contracts. After successfully trialing crude oil cargo trade on a blockchain last month, the two European banks are now looking to enhance the trading process of liquefied natural gas (LNG). According to a Reuters report, the two banks have already spoken to several players in the LNG trading market about testing a deal on a blockchain ‘within months’. LNG is natural gas converted to its liquid....