Blockchain technology has revolutionized many sectors since its inception. We often talk about his impact on the traditional financial industry and the changes he brings to the arts. But one question remains little discussed: what impact can blockchain have on inclusion? How can this revolution be put at the service of the common good and the integration of different communities? This is what we will discuss in the Blockchain and Inclusion section. In this first series, we will focus on the connection between new technologies and the LGBTQ+ community through a series of interviews with big names in the blockchain universe. Today we’re looking at reviews by Christina Dolan, Don Richmond, and Elissa Szewinski. Let’s go to !
Christina Dolan from InsideChains:
Christina is the founder and CEO of InsideChains. It helps companies create solutions and new business models using blockchain layer for trust. She is also a former chair of the MIT Enterprise Forum and co-author of a forthcoming book, Transparency in ESG and the Circular Economy. »
When Apple released its first credit card, there were instances of gender discrimination. Traditional banks are risk averse and regulated to prevent systemic risk, which can lead to inadvertent discrimination and lack of inclusiveness. Gender should not be a factor in determining eligibility for financial services. Technology is fueling new fintech solutions that offer a wide range of innovative services.
L’open banking has made it possible to deliver AI (artificial intelligence) and data-driven lending decisions at scale and at minimal cost. Individuals and businesses now have access to finance. Neobanks offer economical and efficient transactions.
Today, cryptocurrency platforms offer higher yields and a variety of services that do not impose strict requirements for participants. Account access on blockchain platforms is controlled by clients using their private/public key pairs and does not require an intermediary authority. A new generation of verification platforms allows you to verify the identity of a third party, which eliminates the need for full disclosure of confidential data to each financial institution during the regulatory completion of KYC questionnaires (Know your customer). Distributed and advanced technologies provide more and better financial services for a more diverse population and tighter controls.
Don Richmond of Filmio:
Don is the CMO of Filmio Inc., a decentralized entertainment ecosystem for the film and TV industry.
Blockchain is a great tool for bypassing repressive power structures. While technology may not necessarily provide the rights and freedoms that members of the LGBTQ+ community deserve, it can provide financial and organizational sustainability through its decentralized and democratic protocols. While many corporations in different parts of the world are trying to prevent members of the LGBTQ+ community from participating in the economy on an equal footing, blockchain can provide alternative ways to generate income and build a business.
But apart from the economic factor, there is also great potential in the arts to enable LGBTQ+ communities around the world to connect, create, fund and share. For example, in countries where LGBTQ+ films are not allowed or accepted by society and therefore do not receive funding and/or audiences, blockchain can give creators who are part of the community or who want to discuss community issues ways to find their audience, sell their project and provide funding and dissemination.
New technologies have taken a giant step towards removing dominant power structures and returning access to resources to the hands of individuals.
Elissa Szewinski of Cointelegraph:
Elissa is the CTO of Cointelegraph, the world’s leading blockchain-focused media platform.
We believe that NFTs can be a great way to help artists and other creative people support their work outside of traditional funding sources (be it Hollywood or Wall Street). One of my favorite examples was how Mila Kunis created the Stoner Cats as an NFT in partnership with Big Head. Even someone as influential as Kunis had a hard time finding funding for an unconventional art project.
We see many artists, lesser known artists, using NFTs to connect with patrons and collectors. It is a help to many, many previously marginalized people and of course people belonging to the LGBTQ+ community.
As for other emerging technologies, there are both good and bad ones. AI is a classic example. Do we have the wisdom and foresight to use it wisely? Who will suffer if not us?
So the second part of the series of articles “Blockchain and Inclusion: Can New Technologies Help the LGBTQ+ Community?” has come to an end. More talks from actors and actresses about blockchain await you in the coming weeks, so stay tuned and see you next week!
This article was originally published August 14, 2021 on Cointelegraph.
Quotes have been edited and condensed. The views, thoughts and opinions expressed here are solely those of their respective authors and do not necessarily reflect or represent the views and opinions of Cointelegraph and Cointribune.
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