Coinbase Giving: Insights From The Blockchain Breakthroughs for a Higher Future Problem | by Coinbase | Could, 2022

By Darin Carter, Coinbase Giving Program Supervisor

Coinbase Giving

This fall, Coinbase Giving launched the Blockchain Breakthroughs Innovation Problem as a step to lift consciousness about blockchain expertise and make it extra inclusive and accessible for everybody. The aim of this problem was to supply revolutionary concepts for the best way to leverage the distinctive attributes of blockchain expertise to unravel a few of our world’s most distinguished issues. We noticed participation from over 300 groups and heard some unbelievable concepts.

The objective of this problem was to not ask these rivals to give you a completely baked resolution, however to incentivize the builders on the intersection of Web3 and social impression to check out many options, share outcomes/progress, and construct a greater world collectively as a group, with their findings.

The way it labored

  • In October 2021, Coinbase Giving and its associate Base 11 launched the Innovation problem, in partnership with crowdsourcing web site, on the Subsequent Frontier Convention to spotlight how blockchain expertise can drive social impression.
  • The Problem was made accessible to college students and early-career adults from throughout the nation on Base 11’s free membership platform Base 11 Digital.
  • In early January of 2022, our material consultants judged the primary spherical of entries internally based on our innovation problem scoring framework.
  • Twelve finalists had been invited to pitch their concept to our management group for consideration.
  • After a ultimate spherical of judging, Coinbase Giving and Base11 awarded $10,000 USD in prizes to winners which might be acquired in USD, BTC, or ETH.

Successful initiatives proposed how blockchain expertise will be leveraged throughout the matters of renewable power micro-grids, the debt disaster, world useful resource assist, smart-contract life insurance coverage, voting fraud, and rather more. The total record of winners, with extra particulars on the initiatives and communities they serve, will be discovered right here.

What we realized

  • Innovation can come from anyplace: Our contributors represented nations everywhere in the world together with New Zealand, Germany, the Philippines, Argentina, Colombia, and lots of extra nations across the globe. We’re proud to say that one of the best concepts got here from outdoors of the crypto trade. Our contributors had been academics, docs, dentists, psychologists, provide chain staff, group leaders, and extra seeking to share their superb concepts for a way blockchain could make a distinction.
  • Asking the appropriate query will be highly effective: By asking folks from varied backgrounds how blockchain could make an impression, particularly in areas like environmental sustainability, monetary inclusion, healthcare and schooling, the people who find themselves closest to the issues value fixing are capable of floor concepts on how blockchain will be utilized as an answer.
  • Blockchain really has the potential to alter the world: As you possibly can see from our profitable entries talked about above, there are numerous ways in which blockchain can have a constructive impression on the earth.

The Coinbase Giving and Base 11 groups wish to thank the entire contributors on this 12 months’s Blockchain Breakthroughs Innovation Problem for his or her concepts, onerous work, and time. We’re wanting ahead to the subsequent Innovation Problem and encourage everybody to begin brainstorming concepts to pitch to the group.

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