Binance Charity Foundation Trials Blockchain-Powered School Lunch Campaign
Binance, arguably the world’s largest cryptocurrency exchange, has revealed through a blog post that its charity arm, named Binance Charity Foundation (BCF), has launched a trial blockchain-based lunch program in African schools.
The charity program, named “Lunch for Children,” has been organized in Kampala, the capital of Uganda. Under the program, BCF will provide two meals per day to over 200 students and school staff for entire 2019.
The pilot program started in Uganda is a portion of a bigger plan by Binance that aims to feed one million students across Kenya, Ethiopia and Rwanda.
According to the blockchain powered donation system operated by BCF, the campaign was first revealed in Singapore last January at Binance Blockchain week event.
More than 500 philanthropists participated in the launch of Binance Blockchain event. Additionally, BCF project’s partners, privacy-focused blockchain firm Zcoin and Kenyan non-profit organization Dream Building Service took part in the launch ceremony.
According to the report, the Zcoin team and its major investors donated $24,000 worth of cryptocurrency to help the students and school staff at the Jolly Mercy Learning Center in Kampala, where the launch ceremony happened.
Rosemary Nansubuga, Uganda’s Minister of State for Primary Education, insisted that the latest program also offers protection from likely third party corruption, in addition to being a donation.
The charity arm of Binance was launched in October 2018. At that time, Binance revealed that the charity program received $3 million as donation from Justin Sun led Tron Foundation.
In the last leg of 2018, BCF launched a new charity program via its blockchain platform to financially support terminally ill patients and poor children in Gozo and Malta.
Notably, Tron Foundation has partnered with ALS Association to establish a blockchain powered campaign to generate funds for research into treatment of amyotrophic lateral sclerosis, popularly known as Lou Gehrig’s disease.