Coinbase Giving: Insights From The Blockchain Breakthroughs for a Better Future Challenge

By Darin Carter, Coinbase Giving Program Manager

What is the Innovation Challenge

This fall, Coinbase Giving launched the Blockchain Breakthroughs Innovation Challenge as a step to lift consciousness about blockchain know-how and make it extra inclusive and accessible for everybody. The objective of this problem was to supply progressive concepts for how you can leverage the distinctive attributes of blockchain know-how to unravel a few of our world’s most distinguished issues. We noticed participation from over 300 groups and heard some unbelievable concepts.

The objective of this problem was to not ask these opponents to provide you with a completely baked answer, however to incentivize the builders on the intersection of Web3 and social impression to check out many options, share outcomes/progress, and construct a greater world collectively as a neighborhood, with their findings.

How it labored

• In October 2021, Coinbase Giving and its accomplice Base 11 launched the Innovation problem, in partnership with crowdsourcing web site HeroX.com, on the Next Frontier Conference to focus on how blockchain know-how can drive social impression.
• The Challenge was made accessible to college students and early-career adults from throughout the nation on Base 11’s free membership platform Base 11 Digital.
• In early January of 2022, our material consultants judged the primary spherical of entries internally in line with our innovation problem scoring framework.
• Twelve finalists had been invited to pitch their thought to our management staff for consideration.
• After a closing spherical of judging, Coinbase Giving and Base11 awarded $10,000 USD in prizes to winners which may very well be acquired in USD, BTC, or ETH.

Winning initiatives proposed how blockchain know-how will be leveraged throughout the matters of renewable power micro-grids, the debt disaster, world useful resource assist, smart-contract life insurance coverage, voting fraud, and far more. The full record of winners, with further particulars on the initiatives and communities they serve, will be discovered here.

What we discovered

• Innovation can come from anyplace: Our individuals represented nations all around the world together with New Zealand, Germany, the Philippines, Argentina, Colombia, and plenty of extra nations across the globe. We’re proud to say that one of the best concepts got here from exterior of the crypto trade. Our individuals had been academics, docs, dentists, psychologists, provide chain employees, neighborhood leaders, and extra trying to share their superb concepts for a way blockchain could make a distinction.
• Asking the appropriate query will be highly effective: By asking individuals from numerous backgrounds how blockchain could make an impression, particularly in areas like environmental sustainability, monetary inclusion, healthcare and schooling, the people who find themselves closest to the issues value fixing are in a position to floor concepts on how blockchain will be utilized as an answer.
• Blockchain actually has the potential to vary the world: As you possibly can see from our successful entries talked about above, there are lots of ways in which blockchain can have a optimistic impression within the world.

The Coinbase Giving and Base 11 groups want to thank the entire individuals on this yr’s Blockchain Breakthroughs Innovation Challenge for his or her concepts, arduous work, and time. We are trying ahead to the following Innovation Challenge and encourage everybody to begin brainstorming concepts to pitch to the staff.

Coinbase Giving: Insights From The Blockchain Breakthroughs for a Better Future Challenge was initially revealed in The Coinbase Blog on Medium, the place persons are persevering with the dialog by highlighting and responding to this story.