Binance Charity Foundation (BCF), the philanthropic arm of the global cryptocurrency exchange Binance, unveils its pilot blockchain-enabled donation for its Lunch for Children program in 2019. The official launch was held on February 19 at Jolly Mercy Learning Centre in Kampala, Uganda, providing two meals a day for a full year (end of 2019) to more than 200 students and school staff.
The official distribution of the blockchain-powered donation officially kicked off at a launch ceremony attended by more than 500 guests of students, parents, sponsors, school partners 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, officiated the launching ceremony. BCF’s implementation partners Dream Building Service Association (DBSA) and sponsor Zcoin were also present.
During Minister Seninde’s speech, she highlighted that the launch of the Lunch for Children campaign in Uganda is a major milestone for the country, proving the public’s acceptance for innovative philanthropy. The program provides Uganda with a quantum leap platform for the next level of greater awareness of the gaps between the demand and supply, higher adoption of blockchain technology as well as significant improvement of primary education. She expressed her gratitude to BCF and Zcoin for their goodwill and expressed excitement in continuing the exploration of blockchain-empowered charity in a transparent manner to increase accountability and sustainability.
Dr. Ssekiwanuka highlighted the valuable learning process of educating the school staff and parents about blockchain technology and computer skills:
“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. All the allocation records are demonstrated on the blockchain which is immutable. I firmly believe that the public trust and willingness to participate in this intervention will grow dramatically as the donors see their goodwill changing the lives of the students, in real time.”
This event follows Binance Charity’s recent announcement of its Lunch for Children campaign during Binance Blockchain Week in Singapore last January. The campaign aims to benefit 1 million people in the developing world, empowered by BCF’s fully transparent donation system. The Binance Lunch for Children program launch is its pilot showcase of the larger campaign, which will benefit students in additional schools across Uganda and other countries like Rwanda, Kenya, and Ethiopia.