Geerally a human character, Altruism is the principle and moral practice of concern for happiness of other human beings or other animals, resulting in a quality of life both material and spiritual. It is a traditional virtue in many cultures and a core aspect of various religious traditions and secular worldviews, though the concept of "others" toward whom concern should be directed can vary among cultures and religions. In an extreme case, altruism may become a synonym of selflessness, which is the opposite of selfishness.
In basic terms, blockchains are digital logs of information that are stored across a network of personal computers. Blockchains use cryptography to make sure that individual records can’t be altered or counterfeited. The decentralized nature of blockchains ensures that no one person or institution can control the system, yet everyone can use it.
The more Skeith learned about blockchain – a digital ledger in which transactions of value are recorded – the more he realized the enormous potential of this technology for social good. What he previously only understood as the system behind Bitcoin, the world’s most famous cryptocurrency, he came to look at as a potential tool to alleviate hunger, settle land claims or ensure that humanitarian aid reaches people in need.
“I spent most of my childhood moving around different continents. I was very lucky to see a lot of the world, but it also made me very aware of the many global challenges we’re facing,” says Skeith, a graduate of the master of global affairs program. “It’s really exciting to me to see the immense potential of blockchain to change entrenched power structures.”
While blockchain technology is mostly being used in the private sector for now, blockchain-based initiatives that focus on humanitarian aid have started to take root in the nonprofit sector.
In basic terms, blockchains are digital logs of information that are stored across a network of personal computers. Blockchains use cryptography to make sure that individual records can’t be altered or counterfeited. The decentralized nature of blockchains ensures that no one person or institution can control the system, yet everyone can use it.
The more Skeith learned about blockchain – a digital ledger in which transactions of value are recorded – the more he realized the enormous potential of this technology for social good. What he previously only understood as the system behind Bitcoin, the world’s most famous cryptocurrency, he came to look at as a potential tool to alleviate hunger, settle land claims or ensure that humanitarian aid reaches people in need.
“I spent most of my childhood moving around different continents. I was very lucky to see a lot of the world, but it also made me very aware of the many global challenges we’re facing,” says Skeith, a graduate of the master of global affairs program. “It’s really exciting to me to see the immense potential of blockchain to change entrenched power structures.”
While blockchain technology is mostly being used in the private sector for now, blockchain-based initiatives that focus on humanitarian aid have started to take root in the nonprofit sector.
The overarching goal of UnityFund is a structural one. As can be seen with any prominent blockchain-based project, the technology itself is only a tool for creating a system that can viably create value and dispense it effectively between the users of the system in order to incentivise growth, the sustainability of the system, and the maintenance of its intended application.
Our goal is the design and implement a system that will simultaneously create value for token holders, incentivising them to continually support the community and interact for personal gain, but also in doing so to create an automatic mechanism for taking a significant amount of the value being created by UnityFund and to redirect that to global charitable causes.
While there are many profound and often unique benefits to applying decentralization to diverse sets of problems, we believe that one of the most significant is the ability to combine the will of large numbers of geographically-disconnected individuals to affect change in a way that aligns with each of their own ideals for the way the world should be, but may not yet be.