Blockchain technology might be able to change the way in which many different companies around the world work. However, it is also possible for them to help individuals leave poverty. In a recent feature released by Decrypt, they explain how a project called Blockchain Kids is helping children leave poverty.
The Pakistani entrepreneur Qureshi, talked with Decrypt regarding the Slum Block MIllionaire initiative and how it is possible to help children in one of the poorest areas in the world. According to Qureshi, Slum Block Millionaire is a social venture that they are currently undertaking to help kids from poor countries to learn about blockchain technology. The project is also allowing individuals to learn about different cryptocurrency logos such as the ones of Ethereum (ETH) and Dash.
About the program, Qureshi commented:
“At the end of the four-week program, this language was becoming a part of their lexicon. If you put blockchain in context they will understand immediately. It’s about dumbing it down and contextualizing it so that it can be understandable by kids.”
At the moment, the program is just an experiment more than anything else. However, children can learn about blockchain and different concepts that some adults have problems to understand. This allows kids to get involved in the cryptocurrency market and get some internships that they can do remotely.
Apparently, the project has no recognized academic backing and no formal results have been published related to the efficiency of this scheme. The only data available is the one that was provided by Qureshi through some videos.
Qureshi says that he is not looking for funding. He is currently bankrolling the project himself using the profits of one of the other initiatives he has that is called “Assessment Fund” and it performs employment assessments in the Philippines.
According to Qureshi, there are several organizations that partnered with the project, however, he did not want to mention their names. Although there is no specific information about the project and its results, Unilever’s CEO, Paul Polman, said that he loved the idea.