Shifting technology's focus to sustainable economic activity.
The United Nations passes resolutions on countless efforts. However, much of the spotlight is given to decisions that revolve around military activity; this often sidelines the attention that should be allocated to some of the most pressing problems of the modern era.
In 2015, members of the UN agreed to pursue a common set of goals to allocate necessary effort and resources to mitigate climate change, global hunger, homelessness, and other devastations that haunt or could haunt the lives of millions of people.
While technology has roared forward, providing some with an ever-improving quality of life, a large portion of mankind still struggles to survive. Moreover, in an insatiable pursuit of happiness, even the needs of our planet have been sidelined.
The 2015 resolution to put forth Sustainable Development Goals (SDG) is one of the most important steps taken by the UN. While it may not attract media headlines, SDG’s importance is unquestionable as its success will define the aggregate success of mankind in achieving widespread prosperity through sustainable means.
A Challenging Path
Development of a sustainable economic infrastructure requires long-term investments in novel pursuits. Such ventures, despite their importance, have attracted far less interest than expected. This can be allotted to a number of reasons.
Most established companies are public listed and thus are expected to prioritize the bottom line over sustainable operations.
Novel ventures can be risky and thus only attract only the most risk-averse investors.
- As startup incubators are incentivized to push projects that can deliver a marketable product as soon as possible, products that focus on long-term sustainability, despite being the future of the economy, are often unsupported. This limits the networking capacity of startups that avoid prioritizing swift product delivery despite the environmental costs.
Given that the typical capital markets have provided limited room for sustainable ventures, many projects aiming to deliver products that align with the SDG have turned to platforms like GoFundMe. However, such platforms provide limited transparency over the capital that has been crowdfunded. This, naturally, leads to rampant scams at such a high scale that websites have been dedicated to reporting scam campaigns.
The lack of transparency over raised capital is also a major reason that limits VC participation in sustainable operations. Wherever there’s a problem due to lack of transparency, blockchain technology provides a native solution to remedy—or at least mitigate—the impact of the bad actors.
A Dedicated Platform
An upcoming startup, Klimatas, is developing the first blockchain-enabled platform that aims to pursue the delivery of the milestones set by the UN’s Sustainable Development Goals (SDG).
By leveraging the blockchain, Klimatas provides a platform that can enable both crowdfunding participants and venture capitalists to gain direct insight into how capital is used by project leads. Rather than having to trust a project’s leadership to carry out operations with honesty and goodwill, Klimatas makes the direct monitoring of capital spending a reality.
Those interested or holding a stake in a project will be able to monitor progress along with the movement of funds to and from a project’s team. Thus, the opportunity to con crowdfunding participants or VCs is nullified.
Klimatas has set the delivery of 3D printers-for-good, climate solutions, and wider educational access as its first goal. The project is kicking off by focusing its efforts on the development of 3D printers that can print concrete. This project will tackle one of the longest standing challenges: homelessness.
Additionally, with access to printable concrete, individuals in even the weakest societal infrastructures will be able to access the resources to pursue economic activity of higher value. This provides a natural solution to the problem of hunger as giving people the tools to acquire wealth is the only sustainable means to end poverty.
Additionally, a supplementary effort by Klimatas focused on the creation of education packages. Education and access to economic tools is the key to empowering any society to reach its true potential.
Setting the Goal
Klimatas simply sets a vision that aligns with the UN’s SDG.
The platform is essentially a resource that allows developers and entrepreneurs who are passionate about sustainable development and business to seamlessly operate in a transparent manner. While the blockchain enables the transparency of capital flows, it provides the project to access incredible security for its data.
Thus, project leads can ensure VCs not only of real-time access to project development, but also of protection of proprietary information which is being acquired through the funding of venture capitalists.
The specific means and projects with which the SDG are met is at the discretion of the projects that operate on Klimatas. The system functions in a free environment, thereby upholding the core principles of the blockchain. Project leads will be able to pursue their development goals without interruption, be they willing to properly share development insights without infringing on any legal restrictions.
Network is Key
One of the titans of modern capitalism, Microsoft, owes its success to the relentless dedication Bill Gates gave to the success of his company. One important factor that helped Gates kick off Microsoft was the fact that his mother was on the same board as IBM’s CEO. With such a strong connection, Microsoft, a fresh startup, was quickly able to seal a partnership with one of the largest tech companies in the world. Few people have their mother on the same board as tech CEOs of major companies.
While Bill Gates may have benefitted from the exposure his mom provided him, most individuals across the world must develop their own network and reach. This can be particularly challenging if incubators focus primarily on projects that can be brought to market at a swift pace.
Klimatas recognizes the importance of partnerships and thus aims to provide important sustainability developments with the spotlight they deserve. Its entrepreneurial founders aim to leverage their industry connections to develop a network that can uphold the important development phases of projects that aim to deliver the milestones of the UN’s SDGs.
By providing exposure to teetering startups, Klimatas can enable young companies to settle important partnerships for the launch of their products, gaining exposure to their target market, establishing the support of governments, and even attracting the interest of incubators.
These factors will play an incredible role in ensuring more entrepreneurs feel confident in pursuing sustainable developments, and a greater number of socially responsible companies and individuals are able to connect with projects that align with their beliefs.
As Klimatas is a platform, it can properly function under a PoS mechanism. VCs and crowdfunding participants who aim to support their preferred projects will be granted access to the Klimatas platform only after they stake a master node. This ensures that participants of the platform have a vested interesting in the success of Klimatas and the projects operating atop it.
Additionally, ICO participants will be given a 20% share of the platform revenue. Given that the platform prides its transparency offering, the tracking of earned rewards will be a seamless process. Each master node is currently priced at 2 BTC.
Wrap-Up: Klimatas is one of the few blockchain-enabled developments utilizing the transparency provision of this cutting-edge technology to further the success of sustainability projects. The fulfillment of the milestones set by the SDG will play an important role in ensuring the progress of mankind benefits not a few, but all.
🌐 Website: https://klimatas.com/
💡 Whitepaper: https://www.klimatas.com/whitepaper/
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