Vulcano.io is proud to announce that it will be presenting at the “Market Forces for Social Impact: Public-Private Sector Social Enterprise Conference,” on November 10th in Bangkok at UNESCO Thailand. This conference will be a joint effort of UNESCO, the UNDP, the UN Migration Agency (IOM), Central Group (Thailand’s largest retailer), PTT Group (the state-owned oil company), and the International Rescue Committee (IRC). Jason “BitBender” Brink will present on blockchain technology and the interface between social enterprise and distributed ledger technology.
One of the most poorly understood topics in the business world today is social entrepreneurship. It is common for people to conflate social entrepreneurship with the concept of charity. To determine whether something is social entrepreneurship or not, it is important to look at what the business inputs in any venture are. For example, while hiring disabled baristas may contribute social good, the class which is being aided is not itself an input that actually contributes to the business model — the job could likely be done just as well by anyone else. However, creating a “Dine in the Dark” experience and staffing it exclusively with blind waiting staff could be considered a socially entrepreneurial venture as their unique ability to operate without sight is actually required for the success of the business. Corporate Social Responsibility can make a massive difference for people around the world, but in tightening economic times, CSR is often one of the first programs to fall by the wayside. For companies operating as Social Entrepreneurship Projects, the success of the business is intimately intertwined with the social good it creates — the two cannot be disentangled.
This is what Vulcano has sought to create. Vulcano knows that through taking care of the community, driving technological innovation, and contributing to research, it can create a better world for tomorrow. For Vulcano, driving research in the areas of sustainability and geothermal is absolutely central to our technology. Creating a more broadly distributed network of nodes around the world to help maintain network security, educate the public about the power of blockchain technology, and eventually serve other key computational and data-collection purposes is central to Vulcano. These positive outcomes are, in fact, inputs which are required for Vulcano to serve its central purpose.
The presentation at UNESCO Thailand, which will later be released to the public, is the first step in a campaign to bring external agencies into the Vulcano ecosystem and help them understand that blockchain, distributed ledgers, and cryptocurrencies can ultimately play a powerful role in driving business and social good. Jason Brink will also be serving as an advisor to the participants in a social enterprise hackathon.