ZCoin Donates $24,000 as Blockchain Charity Foundation (BCF) Initiative Lunch For Children Program Kicks Off
One week after announcing their intentions, the Blockchain Charity Foundation (BCF), the non-profit organization and the philanthropic arm of Binance dedicated to the advancement of blockchain powered donations for the disadvantaged, on Feb 19, 2019, launched its pilot, Lunch for Children Program that will see 200 children and staff members at the Jolly Mercy Learning Centre in Uganda enjoy two meals a day for a full year. The Lunch for Children Program is the brainwork of Binance and is particularly geared towards the alleviation of poverty and facilitation of access to primary education.
Sponsored by the developers of Zero Protocol, the underlying technology that powers ZCoin, a cryptocurrency that guarantees speed, efficiency and privacy, together with Blockchain Charity Foundation (BCF) implementing partner, Dream Building Service Association (DBSA) will see children receive nourishment at the learning center.
DBSA is tasked with pinpointing learning centers that serve underserved and remote communities. Once identified the BCF plans to offer support by funneling donation. ZCoin pledged an additional $24,000 in support that would see these 200 learners explore the benefits of blockchain technology. The Chief Operating Officer (COO), Reuben Yap, said:
“We were particularly attracted to the Lunch for Children initiative as it was easy to see direct benefits and it was already a proven model. Too often, blockchain and cryptocurrencies have been associated with getting rich and lavish spending, and we felt that it was important that we as an industry be seen as giving back to worthy causes.”
In attendance was H.E. Rosemary Nansubuga Seninde, Uganda’s Minister of State for Primary Education. During her speech, the minister expressed her delight saying the program was a show that the public has accepted “innovative philanthropy.”
She added that such an opportunity is exactly what the country needs as it could contribute towards exposure and consequent adoption of blockchain technologies while simultaneously leading to improvement of the country’s primary education.
“It is not only a donation but a disruptive and significant combination of technology and charity, which enables a higher level of trust between stakeholders involved in this process because people are protected from potential corruption that is vulnerable with middlemen.”
While highlighting the advantages of blockchain and how the technology can be integrated, the minister added:
“All the allocation records are demonstrated on the blockchain which is immutable. I firmly believe that the public trust and willingness to participate in this intervention will grow dramatically as the donors see their goodwill changing the lives of thCharitye students, in real time.”
The BCF main goals is to see that there is the eradication of poverty, zero hunger, good health and wellbeing, access to quality education and other objectives. This is just a single step towards and already there is interest with many Chinese volunteers willing to take part in facilitation, the building of computer skills and most importantly in the transfer of crypto and blockchain skills.