Blockchain as a Force for Good: How This Technology Could Transform the Sharing Economy

Summary

Blockchain has become one of those buzzwords that commands attention and carries a powerful social glow, yet in the likes of similar buzzwords that have attained such a prized status, it has lost much of its meaning. Blockchain has become a catchall term for just about any digital ledger system regardless of crucial variations in its design. With so many blockchain projects ranging from social impact initiatives to opportunistic marketing ploys, it can be difficult to discern which projects hold real potential. For this reason, here’s a deep dive on blockchain applications in our niche: social impact.

The volatility in the price of cryptocurrencies doesn’t matter to restaurateur Helena Fabiankovic, who started Baba’s Pierogies in Brooklyn with her partner Robert in 2015. Yet she and her business are already positioned to reap the real-world benefits of the technology that underpins these digital currencies — the blockchain — and they will be at the forefront  of a sustainable, community-based peer-to-peer energy revolution because of it.