How India can change forever using Ethereum (Smart contracts)?
You can invest in Ethereum, Bitcoin and other cryptocurrencies currencies using coinswitch:
https://coinswitch.co/in/refer?tag=w8ZF
WHAT IS A SMART CONTRACT?
A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain.
Smart contracts are a type of Ethereum account. This means they have a balance and they can send transactions over the network. However they're not controlled by a user, instead they are deployed to the network and run as programmed. User accounts can then interact with a smart contract by submitting transactions that execute a function defined on the smart contract. Smart contracts can define rules, like a regular contract, and automatically enforce them via the code.
Refugees and asylum seekers forced to leave their homes are often found without paperwork, posing problems for them and for legal authorities in proving their very existence.
Without paperwork, it's impossible to prove your date of birth, open a bank account, access government services, and even get a legal job. Blockchain technology offers an interesting solution here - being able to track an identity on a ledger via a unique, immutable and independently verified record provides new opportunities to tackle this problem.
The Finnish Immigration Service Migri first partnered with Helsinki-based startup MONI back in 2015, as part of a pilot project that offered refugees a prepaid Mastercard linked to their digital identity (provided by Migri). Blockchain technology, deployed via Ethereum, maintains a record of the financial transactions made with the card. This makes it easier for refugees to find employment and receive money from jobs, and also allows them to pay bills electronically - ultimately speeding up their process of becoming established in Finland. It's thought that there are now thousands of MONI users among Finland's refugee community.
Privacy concerns are valid, but the system is voluntary and Migri says that identities are always kept private.
At the same time, India also faces certain problems that needs similar solutions.
So the question is how could we use ETH to solve the most pressing problems in the country?
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#ethereum #smartcontracts #cryptocurrency
Видео How India can change forever using Ethereum (Smart contracts)? канала Think School
https://coinswitch.co/in/refer?tag=w8ZF
WHAT IS A SMART CONTRACT?
A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain.
Smart contracts are a type of Ethereum account. This means they have a balance and they can send transactions over the network. However they're not controlled by a user, instead they are deployed to the network and run as programmed. User accounts can then interact with a smart contract by submitting transactions that execute a function defined on the smart contract. Smart contracts can define rules, like a regular contract, and automatically enforce them via the code.
Refugees and asylum seekers forced to leave their homes are often found without paperwork, posing problems for them and for legal authorities in proving their very existence.
Without paperwork, it's impossible to prove your date of birth, open a bank account, access government services, and even get a legal job. Blockchain technology offers an interesting solution here - being able to track an identity on a ledger via a unique, immutable and independently verified record provides new opportunities to tackle this problem.
The Finnish Immigration Service Migri first partnered with Helsinki-based startup MONI back in 2015, as part of a pilot project that offered refugees a prepaid Mastercard linked to their digital identity (provided by Migri). Blockchain technology, deployed via Ethereum, maintains a record of the financial transactions made with the card. This makes it easier for refugees to find employment and receive money from jobs, and also allows them to pay bills electronically - ultimately speeding up their process of becoming established in Finland. It's thought that there are now thousands of MONI users among Finland's refugee community.
Privacy concerns are valid, but the system is voluntary and Migri says that identities are always kept private.
At the same time, India also faces certain problems that needs similar solutions.
So the question is how could we use ETH to solve the most pressing problems in the country?
Check out Think School's Online courses:
1. Learn how to communicate ideas like us: https://communication.thethinkschool.com/yt
Want to buy the equipment we use?
Mic: https://amzn.to/2PjDNAP
Camera: https://amzn.to/3dMzojh
Camera Stand: https://amzn.to/3nidnfp
Mobile holder for stand: https://amzn.to/3xgCF25
Laptop: https://amzn.to/3gMYXRi
Open and Demat account & start investing: https://zerodha.com/open-account?c=ZMPUJE
We research the financials of companies here: https://ticker.finology.in/tickerplus?finref=WEWAKG
To support our work you can donate here: https://www.instamojo.com/@thinkschool
Instagram: https://www.instagram.com/thethinkschool/
#ethereum #smartcontracts #cryptocurrency
Видео How India can change forever using Ethereum (Smart contracts)? канала Think School
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