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Press Release

The Age of Equality: How Blockchain Helps to Reduce Social and Gender Gaps

Guest Author



The Age of Equality: How Blockchain Helps to Reduce Social and Gender Gaps
Source: BlockShow

When it comes to disruptive technologies, nothing takes the centrestage more than Blockchain. Its use has been talked about across sectors and industries. There can be no denying that Blockchain has its uses in the financial, governmental, legal, commercial, art and technological fields etc, but it is Blockchain’s social impact that may come to define it as one of the most important breakthroughs of our time.

The United Nations has already demonstrated that Blockchain has the ability to tackle inequality, which is a plague that runs through our social fabric globally and takes various forms, whether it is gender, economic, class, caste or political inequality.

In this respect, BlockShow has always been a leader. Equality is at the heart of our organisation, especially gender equality. As with the BlockShow Europe 2018 which voted on leading women in the Blockchain Space and provided them recognition, the platform that Blockshow creates is available to discuss the pressing social problems of our time. BlockShow Americas 2018, which will be held at Las Vegas between August 20-21, 2018 is the perfect opportunity to concentrate on the question of equality.

An in-depth discussion on equality would be held at the  ‘How Blockchain affects the Americas’ Emerging Economies’ panel in the conference. The mandate of the panel is to discuss how Blockchain can contribute to the emerging economies on both the American continents in the North and South. The panelists will explore how the unbanked can be provided financial and banking services with the use of the latest blockchain technologies and breakthroughs.

Pilferage no more a barrier to equality

Corruption has a deep impact on governmental programmes, especially those in developing countries. In the Americas corruption is having a deep impact on the lives of people. According to Transparency International based on the estimated size of Latin American and Caribbean countries, nearly 90 million people paid bribes. Half of the people that Transparency International surveyed said that governments are failing to ‘address corruption’.  The OECD points out,

“The significant impact of corruption on income inequality and the negative effect of corruption on income growth for the poorest 20% of a country have been proven empirically (Gupta et al. 2002).”

Delivery of services through Blockchain based cryptocurrencies can be an answer to this problem. These transactions will be low cost or no cost and can be delivered through mobile telephony. It is estimated that mobile phone users worldwide would reach 2.87 bln by 2020. The combination of powerful DAPPS and high phone usage can finally put an end to leakages in Official Development Assistance (ODA).

Giving women their due

Gender equality can turn into a reality when women get their fair share. In the United States pay gap between the genders has persisted since the 1980s. According to Pew Research, the estimated 18-cent gender pay gap between all workers in 2017 narrowed from 36 cents in 1980s but it has still persisted. Pew also concludes that four in ten working women have experienced gender discrimination at work. These are serious issues that need to be addressed.

Blockchain based payroll solutions can be used to eliminate discrepancies such as gender based pay-gap. A private blockchain based solution can be deployed according to Ian Bond to remove gender based markers and bring more objectivity into payroll. Even though Blockchain is a male-dominated space itself, there are opportunities to change that. Blockshow is a good example of that as it has managed to demonstrate how women can play a crucial role in community building, create engagement and devise inclusive processes. As there is a great demand for blockchain talent, there is also space and opportunity to bring more women into the fold. In that sense blockchain is not only empowering women by technological solutions but also by creating space for them.

The great societal equaliser

In the poverty statistics released in September 2017 by the US Census Bureau as reported by Federal Safety Net, a clear picture emerges that minorities are hard hit when it comes to poverty. 22 percent of Black Americans, 19 percent of Hispanics, 20 percent foreign born non-citizens are classified as poor. Better delivery of benefits and social security can cut down the suffering of individuals who live on the margins of society. As an example The Supplemental Nutrition Assistance Program (SNAP), which is better known as Food Stamps has seen fraud rise in the four years preceding 2016. According to Forbes,

“It (fraud) jumped to $592.7 million in 2016, up a staggering 61% from $367.1 million in 2012.”

Fraud can be tackled easily by a Blockchain based system. In fact, volumes have already been written about Blockchain can help tackle diploma and degree fraud and extending this technology to social security in US could completely eliminate problems associated with giving the marginal sections their due share in society. In this respect, the panel Blockchain 4 Good: Making Every Voice Heard is an opportunity to come up with out of the box solutions for pressing social issues.

Members of this panel will discuss equality and the inclusion of communities and minorities in the blockchain ecosystem. The panel’s discussions will lead to ideas that allow for more participation of women, sexual minorities, people of diverse ethnicities etc., so that they too can reap the benefits of this emerging technology.

Let us talk equality

At BlockShow, we encourage out of the box solutions that lead to using the technology in the real world. Adoption of Blockchain will only gather steam when there is a multifaceted effort to use it across financial, technological and social landscapes.

At BlockShow America 2018, the world of Blockchain will come together and over the course of two days many solutions to the pressing problems of the world will be found. At the conference experts who will shed their insights include Mike Butcher, Editor-at-large at Techcrunch, Nouriel Roubini, Founder and Chairman of Roubini Global Economics, Alex Mashinsky, Serial Entrepreneur, Venture Investor, Tech Innovator, Founder of Celsius Network, Johanna Maska, White House Director of Press Advance for President Barack Obama and other important Blockchain personalities. This is our chance to come together to create a more equal world and protecting the most vulnerable sections of humanity so that they have a shot at prosperity as well.  

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Press Release

Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO

Guest Author



Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO
Source: Probit 3

On June 26, ProBit Exchange sold out all 800,000 BOLTT during Round 3 of  Boltt Coin IEO to wrap up a perfect 3 for 3 with three consecutive IEO sellouts. The stellar results helped the health gamification blockchain project raise a stunning $678,000 as they continue to ramp up their social-health objectives centering around an incentive-based app that rewards users for undertaking physical challenges.

Amidst considerable hype by local and global investors, Round 1 completed almost instantaneously within just a second. A few hours later, Round 2 was launched and met with even greater demand as investors quickly claimed the increased allocation of 500,000 BOLTT in a matter of two seconds.

Within the span of just 3 seconds, ProBit Exchange managed to successfully raise $278,000 for Boltt Coin. The project had already generated major interest through significant partnerships with Kakao subsidiary Klaytn which has announced its upcoming mainnet release along with BCryptos, a Japanese blockchain investment firms backed by a top local VC.

The momentum carried over to the launch of Round 3, which went live June 26, resulting in a quick sellout of all 800,000 tokens and raising yet another eyebrow-raising $400,000 to wrap up a rare sold-out IEO trifecta.

The incredible achievement marks yet another standout IEO campaign throughout their 70+ total IEO rounds conducted so far. ProBit Exchange previously sold out 3 consecutive rounds for Spin Protocol back in March, raising over $500,000 behind the furious pace set from the getgo with $130,000 raised in round 1 in less than 3 minutes.

Ronald Chan, Director of Partnership for Probit Exchange shared that the ability for Probit Exchange to bring in foreign teams to Korea to raise hundreds of thousands is attributed to the track record of IEO on Probit as well as the extensive marketing that Probit Exchange does for IEO projects.

LINIX, Steemhunt, and CLINK are among other projects who saw their IEO campaigns quickly sell out to maximize their initial investments and secure considerable funding for further development.

A steady and increasing stream of projects continues to flock over to acquire the highly sought out IEO expertise of one of the top IEO platforms in the world, a significant achievement for the young exchange who has already rivaled the industry giants in just 7 months of operation.

About ProBit Exchange

ProBit Exchange has completed almost 60 rounds of IEO and has amassed a solidified reputation over a short 6-month span since the startup’s launch. They have conducted multiple rounds of sell-out IEOs and raised millions in the process while refraining from any form of wash volumes or misleading figures. Please visit the IEO page to view the simple, efficient user interface.

ProBit Exchange has also introduced new features such as an ongoing trade mining and stake mining beta service, PROB staking for users to earn discounted trading fees, a referral program that provides 10-20% in further transactions fee savings, as well as a newly released app available on Google Play.

ProBit Global

ProBit Korea

IEO at ProBit Exchange

Many projects place their trust in ProBit Exchange’s IEO platform as we are a one-stop exchange for:

1) Fund-raising – Stellar fundraising track record including over $500,000 raised over three rounds for Spin Protocol, $53,000 in 6 seconds for LINIX, and $60,000 in 11 seconds for Steemhunt.

2) Listing – Instant liquidity against fiat and crypto pairings. Korean Won and USDT. Mild MM included

3) Marketing – Comprehensive services including marketers, marketing agencies, social media marketers and news agency on retainer. View a sample marketing campaign that we conduct for IEO.

Interested projects should fill up this form to start the due diligence process.

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