Polygon, Mercy Corps introduces blockchain to poor areas

Polygon and Mercy Corps Ventures partnered to provide blockchain education and opportunity to underprivileged areas.

As a growing number of businesses use blockchain technology into their operations, blockchain technology continues to gain popularity.

With the drive for digital adoption comes the necessity for more technological education.

A new cooperation between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, was launched on March 2 with the goal of delivering blockchain education and possibilities to neglected regions.

According to the statement, the new partnership’s efforts to provide blockchain and Web3 solutions to “traditionally excluded and marginalized populations” have three key goals.

These goals include sponsoring blockchain pilots that provide access to the financial system, blockchain hackathons with developers servicing customers in developing countries, and the creation of a blockchain boot camp roadshow in locations where Mercy Corps has a presence.

The partners think that their efforts will aid in “providing instructional and informative sessions for local educational institutions, NGOs [nongovernmental organizations], and other organizations seeking to better operations using blockchain technology.”

This month, Mercy Corps Ventures established the Crypto for Good Fund II, which intends to launch a series of blockchain-based pilot projects to promote global financial inclusion and climate resilience.

The fund’s initial edition debuted in 2022 with around 200 applications.

In response to the recent earthquake that ravaged areas of Turkey and Syria, Mercy Corps coordinated a series of crypto community contributions to send supplies.

It claimed getting a 50/50 share of the approximately $60,000 in total monies contributed by the cryptocurrency exchange Binance.

Moreover, Ripple announced that it will be giving XRP worth $1 million in light of the tragedy and emphasized Mercy Corps as one of the beneficiaries of the funding.

Mercy Corps replied to the gift in a tweet, thanking Ripple for assisting its workers on the ground in northwest Syria.

Contributions in cryptocurrencies during times of disaster have lately been demonstrated as a technique to magnify the speed and reach of required funding.