Binance Charity Foundation (BCF), the altruistic wing of the global cryptocurrency exchange Binance, launched on February 19 its sublime cause to provide two meals for more than 200 students and staff for a full year.
The program officially christened as “Lunch for Children” is a pilot blockchain-enabled donation endeavor. The official launch was held at Jolly Mercy Learning Centre in Kampala, Uganda.
How blockchain charity disrupts traditional charity? –according to our donor @zcoinofficial of the pilot school : TRANSPARENCY makes difference. From the case of Jolly Mercy Learning centre, you can track that the average daily costs for breakfast and lunch is only USD $0.28. pic.twitter.com/MLRMQX1dyN
— Blockchain Charity Foundation (@BinanceBCF) February 22, 2019
The official distribution of the blockchain-powered donation formally started off at a launch ceremony attended by more than 500 guests of students, parents, sponsors and school partners. BCF’s implementation partner Dream Building Service Association (DBSA) and sponsor Zcoin were also at the function.
The launching ceremony was officiated by H.E. Rosemary Nansubuga Seninde, Uganda’s Minister of State for Primary Education, and Dr. James Ssekiwanuka, the headmaster of Jolly Mercy Learning Centre.
Rosemary Nansubuga Seninde highlighted that the program is an important milestone for the country which fosters ‘innovative philanthropy’. The program would drive greater blockchain awareness while also improving the quality of primary education.
The minister positively acknowledged the goodwill of BCF and Zcoin. She also noted that this ‘blockchain-empowered charity’ will further drive credibility and provide an infrastructure to sustain creative projects.
Dr. James Ssekiwanuka, the headmaster of Jolly Mercy Learning Centre cited:
“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.”
BCF works on a fully transparent donation system and its campaign has goals to benefit 1 million people in the developing world. While reaching out to more schools in Uganda, BCF would also set foot in Rwanda, Kenya, and Ethiopia.
The Zcoin team along with its leading investors committed 24,000 U.S. dollars worth of cryptocurrency to support the students and school staff in the Jolly Mercy Learning Center. This would include breakfast and lunch for one whole year, comprising of three semesters.
BCF and Zcoin are bringing to focus the power of cryptocurrencies while also supporting a humane cause.