The Web3 Nonprofit Episode 5 - DirectEd Development Foundation

For the fifth episode of The Web3 Nonprofit, we’re excited to highlight the work of DirectEd Development Foundation, a not-for-profit delivering evidence-based, highly scalable, and cost-effective training in coding and entrepreneurship to high-potential students right after secondary school around the world, starting in Kenya and Ethiopia. Today we welcome to the podcast Simon Sällström, CEO at DirectEd Development.--This episode is brought to you by Endaoment--Endaoment.org is proud to support Crypto Altruism and The Web3 Nonprofit. This Giving Season, Endaoment is for everyone! They are opening their doors to every financial background - no wallet needed! Head over to endaoment.org to learn more!--Key Takeaways--Verifiable credentials will be a gamechanger for education by creating a more trustworthy system for student credentials, while also preserving the privacy of the student. At the same time, it enables the easy traceability and auditability of funds paid out to students through DirectEd Development’s programs.Smart contracts can help nonprofits automate their services while also enabling greater consistency and transparency. In the case of DirectEd Development, they are using smart contracts to automatically payout stipends to students based on the completion of specific milestones.The common thread throughout the conversation is transparency. Blockchain can enable radical transparency in the charitable sector that can help ensure the responsible use of funds, while helping build trust with donors.--Full shownotes and links available at---> https://www.cryptoaltruism.org/blog/the-web3-nonprofit-episode-5-directed-development-foundation--Donate to DirectEd Development---> http://app.directed.dev/--DISCLAIMER --While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.