September 11, 2026

Capitalizations Index – B ∞/21M

Professor Launches Campaign to Donate $1 Million in Cryptos to Venezuelans

Professor launches campaign to donate $1 million in cryptos to venezuelans

Professor Launches Campaign to Donate $1 Million in Cryptos to Venezuelans

Professor launches campaign to donate $1 million in cryptos to venezuelans

Steve Hanke, professor of applied economics at Johns Hopkins University and adviser to former Venezuelan president, Rafael Caldera, has launched a humanitarian campaign tagged Airdrop Venezuela, which is aimed at donating $1 million in cryptocurrency to 100,000 Venezuelans by August 209, according to a report by NPR on April 21, 2019.

Hanke Improving Lives with Cryptos

Per sources close to the matter, professor Steve Hanke is leading a new humanitarian campaign focused on alleviating poverty in Venezuela via cryptoassets amidst the severe economic crisis in the country.

In an interview with National Public Radio (NPR), Hanke said that the Airdrop Venezuela initiative would make it possible for Venezuelans to receive crypto donations which they can convert into USD and purchase food, medicine, and cater to their daily needs.

Specifically, Airdrop Venezuela hopes to raise and share $1 million in cryptos among 100,000 verified Venezuelans. Sixty thousand residents have reportedly signed up for the program, and Hanke says the platform has raised just $272,000 so far.

Reportedly, the Airdrop Venezuela campaign is being facilitated by AirTM, a financial services firm, and interested donors will be able to donate any cryptocurrency to the platform, which will, in turn, distribute the virtual currencies to Venezuelans from August 2019.

Interested citizens will be required to open an AirTM account, as the funds will be airdropped into their AirTM wallets and they can also exchange the money for cash in real-team on the platform.

Not Politically Motivated

Though the oil-rich Venezuela has jumped onto the cryptocurrency bandwagon following the official launched of the nation’s petro crypto, the opposition government have not been in support of the project, and some officials have even labeled it a scam.

Against that backdrop, the CEO of AirTM, Ruben Galindo has reportedly hinted that he’s open to working with Venezuela’s opposition leader, Juan Galindo when the need arises.

Despite Galindo’s comments, professor Hanke has made it clear that the Airdrop Venezuela campaign is purely a private and humanitarian program with no particular political agenda.

Hanke stated categorically that the primary objective of the campaign is to boost the purchasing power of Venezuelans and also help relieve agencies across the globe understand that they can deliver aid and relief to the needy more efficiently with bitcoin and other cryptos.

“You won’t have to drive a pickup truck around filled with cash that you’re giving away or filled with medicine or clothing or food. That method is quite inefficient and unsafe,” declared Hanke.

In related news, earlier in July 2018, BTCManager informed that a Reddit user with the moniker, Windows7733 had purchased and distributed food items to some Venezuelan citizens with donations received in NANO altcoin.

In December 2018, reports emerged that leading cryptocurrency exchange, Coinbase had donated $10,000 in ZCash (ZEC) to Venezuelans through the GiveCrypto.org humanitarian project.

Like BTCMANAGER? Send us a tip!
Our bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4

Published at Mon, 22 Apr 2019 22:00:53 +0000

Previous Article

Has anyone ever used Paypal as proof of income for an auto loan?

Next Article

Professor Launches Campaign to Donate $1 Million in Cryptos to Venezuelans

You might be interested in …

Is russia working on an oil-backed cryptocurrency?

Is Russia Working On An Oil-Backed Cryptocurrency?

Is Russia Working On An Oil-Backed Cryptocurrency? The former Minister of Energy in Russia, Igor Yusufov has purportedly announced a new cryptocurrency backed by oil in order to bypass trade and financial restrictions. Yusufov’s investment […]

Cardano Blockchain's First Use Case: Proof of University Diplomas in Greece

cardano use case

Greek graduates may soon be able to prove their qualifications by way of a blockchain.

GRNET, the national research and education network of Greece, is working on a pilot project with blockchain research and development company IOHK to verify student diplomas on Cardano, a blockchain that launched in September.

The project is notable because it is the first official use case of Cardano, a proof-of-stake-based cryptocurrency and soon-to-be smart contract platform currently under development by IOHK.

The GRNET app will be built on Enterprise Cardano, a private or permissioned ledger version of Cardano. Unlike a public blockchain, where anyone can join in and participate, a private blockchain allows only a restricted set of users to validate block transactions.

So far, three Greek universities are participating in the project. While IOHK is providing the decentralized database, GRNET is providing the web front end and support and will bring together other universities participating beyond the pilot.

Funding for the project comes in part from Horizon 2020, a European program for research and innovation. Development of the prototype is already under way, Aggelos Kiayias, IOHK’s chief scientist, told bitcoin Magazine.    

Why Diplomas?

Given IOHK’s deep ties with academia, it is no surprise to find the company working on a project that involves universities. But why diplomas?

Putting diplomas on a blockchain takes the paperwork out of the process and makes it easy and simple to check if someone holds a degree.

Typically, when a student graduates, they receive a paper copy of a diploma signed by the dean and co-signed the university’s registrar. All of the students’ transcripts and records are stored in the university’s centralized database.

To confirm that a graduate has the degree they claim to have, an employer has to check the official diploma or call the university. The labor-intensive process makes it too easy for unqualified applicants to slip under the radar.

Putting documents and records on the blockchain eliminates opportunity for fraud in that it allows graduates and universities to “issue a proof that a qualification exists that is undeniable,” said Kiayias. “This is a point of reference that can be agreed [on] by everyone.”

Cryptographic Proof

But to protect student privacy, instead of putting an entire diploma on the blockchain, GRNET plans to put only a cryptographic hash of a diploma on the blockchain.

Digital documents are easy to alter in ways that are undetectable to the human eye. But as long as the digital version shown to an employer hashes to the same output as what is stored on the blockchain, that proves the document is the original, unaltered version.

“We cannot put any plaintext on the blockchain, as diplomas and transcripts are personal information. We only put hashes; we may put entire diplomas and transcripts, but they will always be encrypted,” Panos Louridas, GRNET consultant and associate professor at Athens University of Economics and Business, explained to bitcoin Magazine in an email.

This is not the first effort to store diplomas on the blockchain. In October, MIT announced its own pilot project to verify digital diplomas using the blockchain.   

But Louridas claims the GRNET pilot is different from prior projects in that it stores the entire chain of verification steps on the blockchain. Each step would be recorded as its own immutable transaction on a separate block in the blockchain.  

“You don’t really need a blockchain to store diplomas: a simple system with some digital signatures by the host institution would do,” he said. “We want to be able to record that somebody has asked for proof of a degree, that the proof has been granted, that the proof has been forwarded to a verifier, and that the verifier can verify that the degree is valid, and nobody can dispute any of the above steps.”

The three Greek universities taking part in the pilot include Aristotle University of Thessaloniki, Democritus University of Thrace and Athens University of Economics and Business.


The post Cardano Blockchain's First Use Case: Proof of University Diplomas in Greece appeared first on Bitcoin Magazine.