read.cash Log in
R@Rodia71 more from that month

It is a fact that to achieve greater global stability it is necessary for more people to lift themselves out of poverty. It is from an ethical point of view but also economically. Social investment is the way to mobilize private investment towards social development goals, either locally or globally. According to the Global Impact Investing Network, social investment stands at $ 500 billion dollars and this figure is increasing by 100% annually. Many companies and individuals have shown that it is possible to be profitable and generate a positive environmental or social impact. The ways to channel this investment can be through, traditional philanthropy carried out with little or no guarantee of financial profitability or through investments that offer a financial return. However tackling social problems is inherent in both ways of channeling investment. Everyone knows the technological, financial and social advantages that the crypto space has brought to the lives of millions of people around the world. So the crypto space can generate an even greater impact in the social investment or positive impact sector. The blockchain technology itself, being like a large public account book where each transaction is recorded, is designed so that it cannot be modified and everyone can consult it, makes social investment processes more efficient and transparent. Allowing to favor the financial inclusion of the most vulnerable people. Blockchain technology allows you to do good things in a better way, improving processes and eliminating intermediaries. There are numerous projects in the crypto space that encourage social investment or positive impact, among them: Blockchain4humanity, Blockchain4goorocks, BitGive, Ethichub, Helperbit, projects that help to face social problems either through investments where profitability is obtained or non-profit projects. Many of us welcome the fact of linking crypto finance and social impact investing. Through the tokenization of assets and the offer of loans, that the destination is the development of social projects where investors in the crypto space can benefit from investments with a social impact, taking into account that this type of investment is very attractive in the traditional finance space. From my point of view, the disadvantage I see is that most of the projects that I know are mounted on the Ethereum blockchain, which makes it practically impossible due to the high transaction costs, the participation of the small investors. It would be good to know about social investment or positive impact projects that are developed in other blockchains. Remember this is not financial advice, it is only for the purpose of learning about financial issues. Thank you very much for reading me and always keep the will to make your dreams come true. The image was created with Canva. #Leofinance

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.