According to Merriam-Webster’s dictionary, a utopia is defined as, “a place of ideal perfection especially in laws, government, and social condition.” Leaders throughout history have strived to create their own version of an ideal world, long before the word “utopia” even existed.
What a perfect world might look like, varies greatly depending on the individual. However, the advent of new technology offers unique opportunities to alter the world around us, in ways that weren’t previously possible.
Join our resident expert, Taylor Gerring, as he explores the differences between public and private blockchains. He dives into the differences between public and private blockchains, compares them, and ultimately answers which type of blockchain he expects to see in the future.
While public blockchains provide great transparency, private companies allow independent organizations to implement blockchain technology without giving up any privacy. Check out this video for all the similarities and differences between the types of chains!
Be sure to check out our What is a Blockchain guide if you want more information, and our other episodes of Ask an Expert for all those questions you need answered! And if you ever have any questions you want to ask an expert, contact us here!
Crackdown Finally Coming on Corrupt Charities
Several individuals want to make the world a better place by donating to their charity of choice, but many are left with the unsettling question of how their money is actually being spent. Corruption is prevalent amongst charities. Higher-ups at big charities often choose to line their own pockets, instead of appropriately using those funds for their intended purpose. Non-profits’ current operational structure lacks overall transparency. Ultimately, donors doubt the intentions of the supposed non-profit.
Blockchain technology could prove to be a game-changer, addressing the many questions that surround today’s non-profits. A new model is emerging for charities, which deals with the inflow and outflow of large amounts of money. On top of that, current accounting methods struggle to keep up with this exchange in capital. Last year, organizations based in the United States took in $2 trillion in revenue. Less than 20% of that, however, came in the form on charitable contributions. People have made fewer donations, as a result of this. Many choose not to donate at all. (Check out what a blockchain is here!)