PALO ALTO, Calif., Feb. 1, 2022 /PRNewswire-PRWeb/ — International blockchain growth firm HashCash Consultants places ahead a blockchain mannequin proposition to combat in opposition to international baby trafficking. Blockchain’s DLT protocol can help governments and baby NGOs considerably in tracing the origin of youngsters rescued from trafficking and returning them to their respective mother and father.
UN stories point out baby trafficking on a worldwide scale constitutes as a lot as 20% of the multi-billion greenback human trafficking business. Opposite to widespread notions, the issues will not be simply endemic to growing nations. The proposed blockchain mannequin empowers regulation enforcement officers and NGOs to shortly determine rescued youngsters by way of registered nationwide biometric identification, saved in safe on-line databases.
HashCash CEO and blockchain pioneer Raj Chowdhury states, “Human trafficking simply ranks among the many greatest unlawful companies on a worldwide scale, surpassing drug smuggling in some nations. Blockchain digital ID on a nationwide or worldwide scale can expedite identification processes for baby safety officers and registered volunteers.”
The proposed blockchain mannequin goals to unravel two main challenges. The primary one is the gathering of biometric knowledge from youngsters and toddlers. Nationwide ID playing cards for youngsters must add fingerprints and biometric info on a nationwide blockchain community. The second problem lies in constructing a nationwide blockchain community, which might nonetheless be addressed and arrange with authorities collaboration.
“The amalgamation of contemporary expertise and inter-governmental cooperation can forge a revolution rushing up identification and provenance. The optimization will pace up operations offering enforcement officers extra time to crack down on human and baby traffickers,” concludes Chowdhury, who had lately mentored the African youth on blockchains and cryptocurrencies.
A worldwide frontrunner in blockchain options, HashCash was awarded the highest place amongst worldwide blockchain growth firms by a worldwide enterprise analysis agency. The US firm has additionally been actively concerned in analysis throughout domains reminiscent of house analysis, DNA sequencing, biometric identification and even proposing a blockchain mannequin for drug trafficking.
HashCash presents its blockchain experience in banking and finance, cryptocurrencies, digital identification, and extra. The group seems ahead to leaving a optimistic contribution on Earth, fixing the largest humanitarian challenges merging innovation with excellence.
- About HashCash Consultants:
HashCash is a worldwide software program firm. HashCash Blockchain merchandise allow enterprises to maneuver belongings and settle funds throughout borders in real-time for Remittances, Commerce Finance, Cost Processing, and extra. HashCash runs a US-based digital asset change, PayBito & digital asset cost processor, BillBitcoins. HashCash presents customized crypto change and cost processor software program options, ICO providers, and customised use instances. HashCash propels development in expertise by way of Blockchain1o1 applications and its funding arm, Satoshi Angels. HashCash presents options in AI, Huge Knowledge, and IoT by way of its platforms, merchandise & providers. HashCash solves the hardest challenges by executing modern digital transformation methods for shoppers around the globe.
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