Cypher
BlockchainCryptocurrencyNews

Blockchain Company NvirWorld Closes a Business Deal with World Vision

The deadliest earthquake that struck Turkey -Syria on February 6 prompted global relief firm World Vision to restructure its donation system. After an embroiled debate at World Vision headquarters in South Korea, the NGO agreed to sign the memorandum of understanding (MoU) with a layer 1 blockchain company NvirWorld on February 18.  

Based on the MoU agreement, the NGO aims to develop a strong donation culture that will uphold transparency and reliability. 

World Vision Bridging the Donation Gaps 

The traumatizing earthquake event that took place in Syria and Turkey challenged World Vision to prioritize improving its donation system. The NGO revealed plans on February 18 to partner with Korea’s leading blockchain company NvirWorld to integrate a unique blockchain-patented technology into its relief system.

Cypher

The proposed development aims to strengthen payment inclusivity by integrating a user-friendly platform that runs with no internet connection. The patent blockchain technology’s main advantage includes the inherent feature that allows users to make payments and send donations from remote places experiencing poor internet connectivity. 

📰 Also read:  AI Tokens FET, AGIX, and OCEAN Experience Uptrend Amid Merger Discussions

Features of the Patented Blockchain

Therefore, integrating blockchain technology into the existing donation system will provide an effective approach in response to natural disasters.

The patented technology creates a common pool that encourages the users to draw more economic benefits during catastrophic events. 

As per the MoU, the new development provides equal sharing of resources, which is crucial for developing a healthy donation culture. With the distinctive features of the patented blockchain, World Vision could launch free and fair donation projects.

Over the past, NvirWorld has attained commendable achievements in exploring the blockchain ecosystem. The tech firm has launched multiple public donation projects centered on blockchain technology to facilitate global corporate social responsibility (CSR) projects to realize their objectives. 

Meanwhile, the ongoing donation campaign to support Turkey-Syria earthquake victims saw a UNICEF-based project operating in the Middle East in partnership with Dokdo NFT and Myanmar relief project to raise $146144. 

📰 Also read:  Differences Between Monolithic And Modular Blockchains And How They Work

Following this, the blockchain firm has pledged to redirect the profits generated from the sales of Lee Lee Nam’s products and services toward the Turkey-Syria relief campaign.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Worldcoin Gets Instructions to Stop Gathering Data from Spanish Users

Cypher

Kimberly Crain

Kimberly Crain is a seasoned crypto trader and writer, offering valuable insights into the digital asset market. With expertise in trading strategies and a passion for blockchain technology, her concise and informative articles empower readers to navigate the evolving world of cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content