PALO ALTO, Calif., Jan. 17, 2022 /PRNewswire-PRWeb/ -- Blockchain
pioneer and HashCash Consultants founder Raj Chowdhury anticipates
higher utilization of blockchain-based digital transformations for
humanitarian, philanthropic, and social purposes. Throughout 2021,
decentralization has been pivotal to the growth of DAOs, NFTs,
metaverse, and the upcoming web 3.0.
Decentralized autonomous organizations, or DAOs, make full use
of the lack of hierarchy by functioning on encoded smart contracts.
Notable worldwide instances involving digital token utilization and
pool-funding to make social and economic contributions include
projects for streaming, freelancing platforms, charity, and many
more. A recent DAO project raised over $40
million to acquire a first copy of the US Constitution in
auctions, though they were outbid by a private collector.
Chowdhury has a positive outlook on ongoing market trends and
the upcoming future. "Blockchain, like any other technological
innovation in history, was designed to improve the quality of
living. Decentralization and peer-to-peer networking foster a
spirit of collaboration and commitment to change things for the
better," he says in reference to the growing adoption of blockchain
applications for non-profit purposes.
A global consciousness to make the world a better place is
bringing together crypto collectors and enthusiasts. Projects have
been launched to make contributions to fund cancer research, save
the environment, and help fight poverty. Organizations like UNICEF
and the American Red Cross accept donations in crypto assets.
"The growth in technological progress along with pandemic losses
is steering a collective force into working towards the social and
economic upliftment of people
Worldwide," said Chowdhury.
The US-based HashCash Consultants led by Chowdhury has been
involved in medicine and space research. Over the years, the
company has been an active participant in projects boosting
financial inclusion, low-cost remittance, and COVID-19 vaccine
distribution, as well as preventing child labor and helping African
businesses/ non-profit organizations with blockchain finance
channels.
Blockchain innovations like DAOs, metaverse, and NFTs, touted as
the upcoming global game-changers are already showing great promise
in social, environmental, and financial upliftment. The future can
expect more philanthropic endeavors and collaborations through
charitable blockchain projects.
Raj Chowdhury is the Managing Director of HashCash Consultants
and a Blockchain pioneer. Raj pioneered the first interbank Trade
Finance and Remittance implementation of Blockchain Technology
between two of the largest global banks. Raj is an eminent voice in
the Blockchain and Cryptocurrency space and actively engages with
policymakers in this area. He is a contributor to Economic Times,
Business World, CNNMoney and advises industry leaders in the
adoption of Blockchain. Raj had been a research associate at
MIT's Microsystems Technology Lab. He
is a member of Asha Silicon Valley, a nonprofit committed to
education for children in emerging countries. Author of the book
'The Dark Secret of the Silicon Valley', Raj is an investor in
blockchain and cryptocurrency companies and an active member of the
philanthropic community.
Media Contact
COLEEN F, Hashcash Digest, +14159662907,
coleen@hashcashdigest.info
SOURCE Hashcash Digest