UNICEF recently unveiled the 'Unicoin,' a form of currency that aims to promote good in the world. The coin can only be possessed by exchanging a drawing online through the Unicoin website and it can only be spent by purchasing educational supplies for kids. For each drawing that is donated, H&M's Conscious Foundation also matches each Unicoin spent with a notebook and a pencil.
As an organization that is devoted to supporting children's rights around the world, this is a clever way to get on board with the growing cryptocurrency movement.
Now that Bitcoin is being regarded as legitimate legal tender, other alternate forms of currency are beginning to emerge. Like the Unicoin, some are committed to making changes that have to do with social good.
Social Good Currency
UNICEF Promises That Its Unicoin is the 'First Currency Dedicated to Do Good'
Trend Themes
1. Social Good Currency - The rise of alternate currencies with a social conscience.
2. Cryptocurrency for Social Change - The use of cryptocurrencies to support social initiatives and causes.
3. Non-profit and Blockchain Integration - The trend of non-profits using blockchain technology to create innovative solutions for social impact.
Industry Implications
1. Cryptocurrency - The future of cryptocurrency may center around fostering social good and philanthropy.
2. Non-profit Organizations - Non-profits are embracing cryptocurrency as a tool for fundraising and social campaigns.
3. Blockchain Technology - Blockchain technology offers new opportunities for non-profits and social impact campaigns to create innovative solutions.