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Mercy Corps Ventures Partners with Polygon Labs for Blockchain Pilot Project and Training Roadshow

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It is reported that according to the official blog of Polygon Labs, Mercy Corps Ventures (MCV), a venture capital institution under Mercy Corps, a global devel…

Mercy Corps Ventures Partners with Polygon Labs for Blockchain Pilot Project and Training Roadshow

It is reported that according to the official blog of Polygon Labs, Mercy Corps Ventures (MCV), a venture capital institution under Mercy Corps, a global development organization, has reached a cooperation agreement to fund the blockchain pilot project, launch a series of blockchain hackers, and hold a blockchain training camp roadshow. More than half (51%) of the founders of Mercy Corps Ventures portfolio are women. Last month, they also launched Crypto for Good Fund II, the second round of application has been opened and will end on March 31.

Polygon Labs and Mercy Corps Ventures have reached a cooperation

Interpretation of the news:


Mercy Corps Ventures (MCV), a venture capital arm of global development organization Mercy Corps, has announced a new partnership with Polygon Labs. The partnership will focus on blockchain technology, and include the funding of a pilot project, blockchain hacking events, and a training roadshow.

The blockchain pilot project will likely center on social impact and development, as Mercy Corps is known for its work in poverty relief, refugee aid, and disaster response. Blockchain technology has many potential applications in these areas, from secure and transparent supply chains, to decentralized identity solutions for refugees.

The blockchain training roadshow is an extension of this mission, as it aims to educate entrepreneurs, non-profit organizations, and developers about the potential of blockchain technology for social good. This is particularly important as developing countries may have less access to educational resources about emerging technologies like blockchain.

Interestingly, Mercy Corps Ventures portfolio includes a higher percentage of women-led ventures than the industry average, with 51% of its founders being women entrepreneurs. This aligns with Mercy Corps’ commitment to empower women and girls in developing countries, and highlights the potential for blockchain technology to promote gender equality and economic opportunity.

Last month, Mercy Corps Ventures announced the launch of Crypto for Good Fund II, a fund which specifically supports startups using blockchain technology for social impact. The second round of applications for this fund is open until March 31.

Overall, this partnership and initiative are positive steps towards promoting the use of blockchain technology for social good. While blockchain is often associated with cryptocurrencies and finance, there is a growing recognition of its potential for promoting transparency, accountability, and security in a range of areas, from supply chains to voting systems. By partnering with Mercy Corps, Polygon Labs is also supporting the mission of this global development organization, which has a presence in over 40 countries.

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