How to avoid destroying local economies with economic aid
In this week’s episode of Ventures, my guest Hans Mulders and I recorded a conversation while we were on-site at a demonstration farm in Togo, West Africa. We had just helped dozens of local Togolese people onboard into a progressive web application that we are building with Impact Stream (https://impact.stream), a new NGO helping to decentralize poverty alleviation via trust networks and blockchain technology. In our conversation we cover how Hans got involved in Impact Stream and how to smartly use technology and aid to sustainably help lift people out of poverty.
A brief introduction to Impact Stream's first project in Togo, West Africa
How can Web3 technology, global trust networks, and strategic injections of financial aid help with poverty alleviation in West Africa and beyond?
This is a question that I and my fellow team members at Impact Stream have been asking ourselves all year.
A few months ago we decided to start a new WA state non-profit & international NGO. We got a fiscal sponsor (Givinga Foundation), quickly raised ~$60k USD, and started building a progressive web app that onboards people into Web3 via their cell phone number.
The app - which leverages Gitcoin’s Allo Protocol - easily allows people to submit proposals for public goods, vote on those proposals, receive funding from an Ethereum address, and report on the progress of their project.
Have a great rest of your week!