KEY TAKEAWAYS
- Bybit collaborates with EthicHub and the Blockchain for Good Alliance to showcase blockchain’s impact on real-world issues through a livestream event.
- The initiative focuses on providing fair financing to coffee farmers in developing regions using blockchain-backed loans.
- Bybit commits $1 million in liquidity to EthicHub, emphasizing its dedication to leveraging Web3 for positive change.
- The event will feature insights from industry experts and offer interactive elements like live chat and polls.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is collaborating with EthicHub and the Blockchain for Good Alliance (BGA) to highlight the impact of blockchain technology on real-world issues. The initiative will be showcased in an upcoming livestream titled “Bybit x EthicHub x BGA: Invest for impact, earn with DeFi,” scheduled for April 11 at 1 PM UTC.
The livestream will explore how blockchain technology is facilitating access to fair financing for coffee farmers in developing regions. This initiative aims to build global partnerships and promote ethical trade. EthicHub’s model connects unbanked farmers to global lenders through blockchain-backed loans, ensuring transparency, security, and community auditing.
Bybit has pledged $1 million in liquidity to EthicHub’s platform, reinforcing its commitment to leveraging Web3 for real-world impact. The event will feature discussions on how blockchain can bridge the financial gap for smallholder farmers and the importance of transparent, decentralized lending models in global agriculture.
Insights from Industry Experts
The livestream will include insights from various stakeholders within the lending ecosystem, including auditors, buyers, and technology enablers. Featured speakers include Gabriela Chang, Co-Founder & CSO of EthicHub, who will share the platform’s mission and success stories. Jorge Barrigh, Regional Director of Impact Capital Americas at Heifer International, will discuss how Heifer audits and supports lending partners.
David Llorens, Head Roaster & Buyer at Animal Coffee and Jaleo, will provide a roaster’s perspective on ethical sourcing and direct trade. Glenn, Lead at the Blockchain for Good Alliance, will highlight how BGA supports impact-driven Web3 projects. The session will be moderated by Shadie Berro, Social Media Lead at Bybit.
Engaging the Community
The livestream promises to deliver practical examples and candid perspectives on the utility of blockchain in serving communities. Viewers will have the opportunity to participate in a live chat and vote in a poll on the benefits of DeFi lending for farmers versus investors. A $2,000 prize pool giveaway will also be part of the event.
This initiative is part of Bybit’s broader Blockchain for Good strategy, which focuses on incubating and scaling projects that leverage Web3 for positive change. The event offers valuable insights for those interested in sustainability, ethical finance, and the global coffee supply chain. Full event details and viewing access can be found on the official event page here.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit, EthicHub, and the Blockchain for Good Alliance are utilizing blockchain technology to provide microloans to coffee farmers, aiming to enhance financial access and promote ethical trade. This initiative highlights the growing role of blockchain in addressing real-world challenges.
Recent industry reports indicate that decentralized lending platforms are increasingly using blockchain and smart contracts to enable peer-to-peer lending, enhancing transparency and security. This aligns with the efforts of Bybit and EthicHub to connect unbanked farmers with global lenders through blockchain-backed loans, as demonstrated in their upcoming livestream event.
According to Maastricht University, blockchain technology is poised to significantly impact smallholder farming by enhancing transparency, efficiency, and market access. This supports the initiative’s aim to provide fairer pricing and better financial services to smallholder farmers, reinforcing the potential benefits of the blockchain-backed lending model being promoted by Bybit and EthicHub.
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