Why We Invested: GiveDirectly
By: Mike Kubzansky, Tracy Williams February 7, 2017 Omidyar Network’s foundational belief that empowering people frees them to better themselves, their families, and their communities has great evidence in the growing literature around the benefits of cash transfers. In these programs, low income individuals who receive cash benefits achieve remarkable outcomes in country after country: […]
The First Blockchain-Based Universal Basic Income Experiment Just Launched
By: Dom Galeon February 7, 2017 A New UBI With the growing popularity of blockchains, it’s no surprise that they have a new, very useful application, i.e. a global distribution of wealth. Recently, the Grantcoin Foundation, a U.S. based nonprofit organization, implemented a universal basic income (UBI) program that uses blockchain-based digital currency. Basic Income […]