The more people lose their jobs to artificial intelligence, automation, or simply to poor economy, the more brightest minds in state governments and beyond think about implementing Universal Basic Income (UBI).
Social trading platform eToro, which recently closed a $100 million round of private funding, wants to stay ahead of the game, launching an initiative called GoodDollar.
The idea and main goal of the project is to build an entirely open-source community platform for wealth redistribution, built on blockchain. eToro pledged $1 million to this mission and created a fund to support research on blockchain use cases aimed at reducing wealth inequality. As part of this mission, the $1 million experiment will also focus on researching ways to implement a cryptocurrency that pays interest and provides resources to those in need.
eToro CEO Yoni Assia sees inequality as a crucial economic challenge of our time, and currently looking for experts in the fields of decentralized identity, governance, local and global adoption of financial products, as well as wealth distribution. Additionally, eToro is also searching for ambassadors to help spread the word about GoodDollar, as well as founders who can help deliver it.
“If you’re passionate about using technology for social good, please get in touch,” said Assia.