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by Unity Nodes
NEAR Protocol

NEAR Protocol - Blockchain Is Changing The Game

about 2:24 long

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About this video

An increasing number of projects have been using blockchain to fight climate change, raise money for humanitarian causes and give indigenous communities a voice. In this video, we'll explain how.

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Transcript

403 words

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

  1. 0:01

    when we think about cryptocurrencies for many of us tokens and nfts come to mind but while crypto flows across the internet every day amongst the code that lets that happen are a number of unique properties some believe can help improve the lives of people beyond owning a cute kitty an increasing number of projects have been using blockchain to fight climate change raise money for

  2. 0:23

    humanitarian causes and give indigenous communities a voice in this video we'll explain how while the first use case of blockchain was to create a decentralized way for two people to exchange value the technology has blossomed into a radical new way to give value to things that historically was very difficult to do let's understand why in the real world there are things we find valuable that are hard to assign a value with just money alone things like holiday photos relationships

  3. 0:55

    or even your favorite spot on the beach we assign them value but not financial value with blockchain you can tokenize everything from attention to attendance even time itself as long as it can be measured it can be tokenized this radical idea allows value to be transferred and traded between parties giving rise to a whole new world of assets let's look at some examples when it comes to preserving rainforests there is often more financial incentive to remove

  4. 1:27

    the forests and convert them into raw materials and farmland with blockchain there is an alternative now a forest value from how much carbon it stores to how attractive it is to tourists and more can be assigned a value on the blockchain this value can then be bought and sold all without a tree being lost let's look at another example when it comes to charitable giving moving money across the world can be slow expensive and opaque because crypto is borderless and

  5. 1:59

    doesn't involve middlemen millions of dollars have moved effortlessly to help those that need it the most and this flow of crypto brings much needed transparency to charitable efforts last but not least indigenous communities across the world have been harnessing blockchain to help them preserve culture gather and protect their environments from outside influences we're only at the beginning

  6. 2:24

    of crypto's journey but there are lots of projects building on near's carbon neutral blockchain that are trying to make a difference to find out more head to nir.org