The anonymity of blockchain technology makes it useful for many who need to keep their names hidden, in this case a sexual assault victim.

The woman used the crypto-powered payment processor Seeds to crowdfund $500 in September after the trauma of her assault left her unable to work for several months. CoinDesk reported that had she used a traditional crowdfunding site she would have had to provide a government-issued ID and bank account.

Instead, she turned to Seeds’ Ethereum-based token, which allowed her to raise the money without revealing her identity to anyone other than the platform’s CEO, Rachel Cook.

“Survivors have trouble giving themselves permission to ask for money,” Cook told CoinDesk. “The next logical extension I saw in that [#metoo] was we need to talk about how this economic [crypto] system can meet this need.” Read more here.

 

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at contact@thirtyk.com.