The Case for Cryptocurrency in Social Impact is Growing, According to UN Presentation

Blockchain investor turned social impact advocate Bill Tai had it right.

The landscape for crypto investment is volatile, but the case for digital currency in social impact is clear –according to presentations at the Media for Social Impact Summit at the United Nations Office for Partnerships in Manhattan last week.

Media for Social Impact is an initiative of the PVBLIC Foundation, a global media organization with 1,000 partners. Presenters and attendees gathered to discuss the power of technology to drive social change with a theme of “Data for Good.”

A highlight in the day’s proceedings was a panel presentation with cryptocurrency pro Eric Tippetts. Tippetts is co-founder of NASGO, a fast-growing decentralized blockchain application platform that is hastening the availability of dAPP applications for businesses and consumers, with a high focus on advancing the power of tokenization to support humanitarian and philanthropy goals.

Together with platforms such as Do Something Athletic (DSA) and crowd management platform Crowdaa, NASGO is helping celebrities such as rising recording artist Jafaar Jackson (son of Jermaine Jackson and nephew of Michael Jackson) to tokenize his upcoming album release.

Before the summit, Tippetts and Jackson spelled out the strategy for this emerging partnership in a news segment at the NYSE on Cheddar.com. In a move the company believes will be increasingly common, NASGO will lead the creation of a uniquely branded digital token for use in rewarding an artist’s VIP and loyal customers with branded merchandise, priority seating and early access to music releases.

Jackson intends to use this technology to advance social causes and to continue the social impact legacy begun by Michael Jackson, as one of the world’s most influential advocates for social impact during his life.

Other causes the summit addressed were the need to unite women worldwide to strengthen women’s rights and gender justice, to empower journalists in Africa and to enact environmental protection through the 50 countries and five continents that PVBLIC addresses through local, national and global advocacy.

NASGO emerged in early 2018 as a joint venture by serial entrepreneurs Eric Tippetts and Stephen Jiang. The company markets its services to small-to-medium enterprises through a network of 4,000 representatives and is striving to make digital currency more pervasive and readily available to all.

Do Something Athletic is a mobile and web-based platform for youth sports that connects athletes, parents, coaches and fans on all things related to youth sports. Crowdaa helps content creators engage, interact and receive revenue from their crowds and fanbase.

In all, the thrust of programs such as Media for Social Impact is raising awareness and comfort with blockchain technology as the efforts to establish ETFs (Exchange Traded Funds) and regulatory guidelines progress.

 

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Billionaire Teddy Sagi Makes First Investment in Blockchain

Green glass, modern space

New Industries, New Opportunities

Both the fintech and blockchain industries have grown in leaps and bounds over the past two years, with several projects establishing a strong foothold on the world stage. It’s becoming more common to receive news of investment received by such projects. Recently, it was revealed that Teddy Sagi, an Israeli businessman famous for being the owner of London’s Camden Market, has substantially invested in Distributed Lab, a Ukrainian start-up. Sagi joins the list of billionaires keen on cashing in on these rising markets.

Teddy Sagi, currently ranked 6th on Forbes’ richest Israeli people, with an estimated net worth of somewhere around $3.6 Billion, is originally from Tel Aviv. Among other projects, he has invested in real estate, advertising, and payment processor ventures. However, Sagi is most famous for the acquisition of the parent company of London’s iconic Camden Market, a transaction that netted over £400 million in March 2014.

Sagi also purchased Alpha, a British brokerage firm which was later rebranded to “Tradetech Group” in August 2017.  He is the founder of Playtech, a gambling software developer and distributing firm based in the Isle of Mann.  Besides being a major entrepreneur, he is the majority shareholder at payment clearing firm Safecharge.

Camden Market, London
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Camden Market, owned by Teddy Sagi. Image credit: flickr.

More on Distributed Lab

Distributed Lab is a Ukraine based crypto and decentralized technology expertise center, headquartered in Kharkiv, Sums’ka Oblast.  Headed by CEO Vladimir Dubinin, the company uses blockchain technology to improve users’ trade experiences by representing assets as tokens. It offers its services to companies looking to add liquidity to their merchandising. It has developed its own “enterprise tokenization platforms” for four separate sectors: crowdfunding, remittances, investment funds and real estate.  Some of the high profile projects they are working with include a bitcoin wallet, an auction platform, and a gold based cryptocurrency called Bullion (CBX).

Implications of the Investment

Distributed Lab is Sagi’s debut investment into blockchain, and is expected to be a game changer in the start-up sector of this young industry. His entry  adds to the long list of millionaire and billionaire investors turning their attention towards blockchain projects, which in turn should result in an increase in the general awareness and acceptability of the technology.

As more attention falls on blockchain globally, and private investors flock like birds to a feeder, we’ve already seen the formation of several investment funds over the last two years, including Blackrock’s cryptocurrency team and Coinbase’s courting of hedge fund money. Indeed, cryptocurrency market and management services are in great demand, with several Swiss Private Banks starting to offer their services. A June 2018 study found that about 61% of cryptocurrency investment funds were created in 2018 alone, with an additional 140 entities formed in 2017.

Receiving the substantial backing of a reputed and well-known investor like Teddy Sagi is considered to be an important and safe option for blockchain start-ups. It is certainly regarded as more advantageous than crowdfunding, which is regarded as an unstable form of capital collection, especially for blockchain companies where regulation framework remains in flux.

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InstaSupply to Join Sweetbridge Alliance in Finance-Tech Partnership

Sweetbridge Alliance

A Move That Makes Sense

The global system Sweetbridge has announced that it has added InstaSupply to its Sweetbridge Alliance network of financing for supply chains, allowing it to resell Sweetbridge technologies officially.

The alliance will also mean that InstaSupply can provide these services more effectively than trade financing from traditional banking institutions.

“Sweetbridge’s blockchain liquidity protocol enables us to offer the most competitive supply chain finance solution to SME businesses,” said InstaSupply CEO Lee Pruit. “This is a massive differentiator compared to traditional financial institutions and incumbent technologies, and is a game-changer for us and the suppliers we work with.”

Sweetbridge chairman and founder Scott Nelson said that Pruit’s experience in business supply chains, along with InstaSupply’s vast customer network, made a combination with Sweetbridge’s Liquidity Protocol a sensible move. Nelson said the partnership will enable organizations to be paid instantly with improved terms and continue pushing for even better methods as time goes on.

Improving Services in Tandem

Sweetbridge is an international network of blockchain, finance, and software experts. The company describes itself as a platform dedicated to combining modern blockchain principles to the concrete factors of these industries. Its goal is to tackle the issues that make finance less efficient, such as legal technicalities and other problems.

InstaSupply Sweetbridge Alliance
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Image Credit: InstaSupply/Twitter

Sweetbridge is known for improving transparency in worldwide supply chains. Now, it can take advantage of InstaSupply’s contributions to financing and digitizing the supply chains of midsize businesses using blockchain tech.

The two organizations are already known for their long-term efforts to lower the costs of capital and speed up suppliers’ payments cycles, as well as for their blockchain technologies. Both companies say that this is a sensible move toward furthering those goals.

InstaSupply is a software company whose purpose is to modernize business functions in a streamlined online platform. The company’s business-to-business customer network consists of companies ranging from $30 million to $2 billion in annual revenue. The company possesses a growing customer base and serves an international clientele of more than 2,300 businesses.

In addition to its resources, InstaSupply will now be an official reseller of Sweetbridge’s Liquidity Protocol. This will give InstaSupply the opportunity to settle supplier invoices instantly and authenticate them in real-time. Currently, the cloud-based company settles tens of millions of supplier transactions every year for its customers. This new partnership will allow InstaSupply to take advantage of Sweetbridge’s protocol technologies. This will provide companies and suppliers with access to capital at lower costs. They also can take advantage of improved terms, quicker response times, and better overall capability.

The companies in tandem will take on the Sweetbridge Alliance Network, as well as the Accord Project and Mattereum, network platforms managing the legalities of blockchain contracts. Nelson says they aim to continue to improve their combined services on these platforms to more effectively bring blockchain into the broader world of business.

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