World’s biggest crypto exchange, Binance has launched a blockchain-enabled donation for its “Lunch For Children” program in Uganda.
The program which is expected to provide two meals per day till the end of 2019 to more than 200 students and school staff, was officially launched at the Jolly Mercy Learning Centre in Kampala, Uganda. An even which had over 500 students, sponsors, staff members and parents in attendance.
Binance Charity Foundation (BCF)
BCF is a not-for-profit organization solely dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development.
Binance Charity aims to create a system where blockchain technology can be used to end all forms of poverty in developing countries. It is the world’s first decentralized charity foundation.
The ‘Lunch for Children’ is just one of the many ways BCF is using blockchain solution to solve problems relating to hunger and access to primary education.
However, it will be interesting to note that, this is not the first time Binance is providing for the needy.
In the summer of 2018, Binance raised money for specific causes, which includes donating for victims affected by West Japan floods disaster.
Also the exchange, raised funds for underprivileged youth in Malta, with the aim of raising more money in the Central European country to aid 15,000 more individuals and families.
Those who attended the launch for children program in Uganda, includes, H.E. Rosemary Nansubuga Seninde, Uganda’s Minister of State for Primary Education, and Dr. James Ssekiwanuka, the headmaster of Jolly Mercy Learning Centre.
Partners of the charity foundation, Dream Building Service Association (DBSA) and sponsor Zcoin were also present at the event.
Speaking at the event, Dr. Ssekiwanuka stressed the need to train school staff and parents about blockchain technology in addition to giving them computer trainings:
“It is not only a donation but a disruptive and significant combination of technology and charity, which enables a higher level of trust between stakeholders involved in this process, because people are protected from potential corruption that is vulnerable with middlemen. All the allocation records are demonstrated on the blockchain which is immutable. I firmly believe that the public trust and willingness to participate in this intervention will grow dramatically as the donors see their goodwill changing the lives of the students, in real time,” he said
Further more, Binance Charity plans to expand the Lunch for Children campaign to surrounding countries, like, Ethiopia, Kenya, and others.
Interested volunteers across the world may now apply for the campaign, which is currently open.