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Hydro Blockchain and the Goal of a New Decentralized Global Economy

Incubated by award-winning fintech startup Hydrogen, Hydro Blockchain has a bold goal: to create a new decentralized global financial system built upon the blockchain technology. And the first step is the efficient integration of blockchain technology within a company’s ecosystem, enabling private financial systems to leverage distributed ledger technology. The idea is that this will allow a closed system to interact with a public blockchain.

Additionally, Hydro Blockchain provides a secure and encrypted environment for this interaction without the need for intermediary structures or middlemen. Considering the influence and reach of the centralized financial system, their aim for widespread integration and use of the blockchain technology is an audacious one. But it’s definitely worth a try.

open-source blockchain projects, mike kane qouted
The interaction between centralized financial system and the second digital revolution is now being explored by companies like Hydrogen.

Understanding the Hydro Blockchain Concept

A decentralized global economy through widespread blockchain technology may seem improbable. But Hydro Blockchain is undaunted. By creating solutions for business that allows private financial ecosystem and hydro ecosystem to interface, Hydro Blockchain’s open-source blockchain projects can simplify an otherwise complex financial system:

  • The Hydro Blockchain Ecosystem can be easily stacked on top of existing and new systems, making it easier to create a robust, secure, and decentralized ecosystem. Hydro Blockchain uses the ubiquitous Ethereum as the base platform where the Hydro tokens are created.
  • The second layer comprises Hydro Blockchain Protocols. The Hydro Blockchain Protocols is a suite of easily callable smart contracts that are focused on identity and security processes. The smart contracts include Snowflake (data encryption), Ice (document verification), Tide (payment processing), Mist (Artificial intelligence and Big Data), Hail (token system), and Raindrop (authentication).
  • Hydro Blockchain’s passionate community of developers in 150 countries has swelled to 10,000 members. With open-source blockchain projects developed by a global community, Hydro Blockchain’s growth is, therefore, unstoppable. With this global organic growth, Hydro Blockchain is contributing to further decentralization and more widespread adoption of the blockchain and cryptocurrency.
  • Hydro Blockchain’s dApps store (decentralized app store) has built a catalog of open-source blockchain projects application. Some of the apps are peer-to-peer apps that can be downloaded for free.
open-source blockchain projects, mike kane qouted
Hydro is experiencing rapid growth in a global scale.

Centralized Financial System: All Eggs in One Basket

At present, the currency is the primary medium of exchange for goods and services in the world. As a centralized system of money, the government and global financial organizations, therefore, define and control the currency. A centralized financial system has spawned several deep-rooted challenges and risks.

Some of these problems include the prevailing financial illiteracy, high transactions costs, and slow and inefficient processes. In addition, a large chunk of the population does not have access to banks and financial institutions. According to the World Bank’s Global FinDex Data Base for 2017, about 1.7 billion adults globally remain “unbanked”. But the most significant threat that a centralized financial structure poses on the global economy is the mounting systemic risk. With the power concentrated in one place, one financial crisis can snowball and decimate the entire financial system. (For example, the European Debt Crisis of 2009.)

a cartoon of the different financial systems being simplified using hydro blockchain technology
Hydro Blockchain can make a bold impact by simplifying complex financial systems using open-source blockchain projects.

Hydro Blockchain’s Vision: Financial Inclusion for Everyone

Undeniably, the global banking system hosts a wealth of problems (pun intended). Costly and slow financial services, under-banked population, and a growing distrust of consumers towards the banking industry – are just a few of these challenges.

Hydro Blockchain’s vision of financial inclusion means accessible and more efficient financial services. People experience easier transactions as they gain more access to banking services and trades. The simplicity and ease of doing business encourages more people to participate in commerce. With more people participating in building the economy, financial literacy of the population will improve.

With all the problems and risk of a centralized financial system, Hydro Blockchain’s proposition of a transparent and decentralized economic structure just might be the answer we are looking for.

Bold Leader Spotlight: Norman Borlaug and the Fight Against World Hunger

Norman Borlaug may not be a household name, but he should be. After all, he saved a billion people from starvation. He helped entire nations recover from the debilitating shackles of hunger through his work in crop production and plant breeding. But most notable of all was his attempts to shift the conversation towards eradicating widespread starvation. A true citizen of the planet, he lived a life determined to end world hunger.

thumbnail image of Norman Borlaug Infographic

Norman Borlaug Infographic

For all his efforts,  Borlaug is one of the few people to receive the 1970 Nobel Peace Prize, the Presidential Medal of Freedom, and the Congressional Gold Medal. Daring, steadfast and tireless—Borlaug’s efforts to improve crop yield and end world hunger were seeds of hope that inspired people in generations to come.

This week’s Bold Leader Spotlight shines on the life and journey of—in the words of The Atlantic Monthly—“the man who has saved more lives than any other person who has ever lived”, Norman Borlaug, the founder of the World Food Prize and “Father of the Green Revolution”.

a cartoon of the father of green revolution who fights against world hunger - norman borlaug
A true citizen of the planet, Norman Borlaug, Father Of The Green Revolution lived a life determined to end world hunger!

A Life of Purpose: The Early Years of Norman Borlaug

Born on March 25, 1914, Norman Ernest Borlaug was a descendant of Norwegian immigrants who moved to Wisconsin around the 1850s. His great grandparents acquired a farm near Cresco, Iowa where the family settled down. Borlaug was the eldest of four children to parents Henry Oliver and Clara. He attended a one-room rural school in Howard County.

Eventually, through his grandfather’s prodding, the 19-year-old Borlaug decided to leave the farm and pursue higher education. He was accepted at the University of Minnesota’s 2-year general college program. Later on, he moved to the College of Agriculture’s Forestry Program. He completed his bachelor’s degree in Forestry in 1937, his master’s degree in 1940, and his doctorate in Plant Pathology and Genetics in 1942. But he learned the most profound lessons in life while working in the Civilian Conservation Corps.

a photo quote of Norman Ernest Borlaug in connection to the topic of Norman Borlaug and the Green Revolution
The plight of the poor deeply moved Norman Borlaug to the action!

The plight of the poor deeply moved Borlaug. He was convinced that hunger doesn’t just hurt the stomach—it also injures the mind and robs people of dignity. The realization that something needed to be done dawned on him.

Norman Borlaug and the Green Revolution

After completing his education, Borlaug joined DuPont in 1942 as a microbiologist researching on industrial-grade agricultural products. In 1944, his stay in the industry was cut short when he joined the newly established Cooperative Wheat Research and Production Program by the Rockefeller Foundation. At the time, Mexico was plagued by a stem rust fungus that had been destroying the crops. Impoverished farmers were struggling with low crop yield, and Mexico was dependent on imports for grains. Along with two other crop breeders and a soil scientist, Borlaug began the relentless search for ways to improve wheat production in Mexico.

Using the shuttle method—a method that Borlaug invented—the team worked on producing disease-resistant varieties of wheat that could thrive in harsh climates. His plant-breeding methods also introduced a semi-dwarf wheat variety with stronger stalks. The result was Norin 10/Brevor 14, a disease-resistant, high-yield, semi-dwarf strain that increased Mexico’s harvest by six-fold. By 1963, Mexico was self-sufficient in wheat production and a grain exporter to other countries.

a cartoon norman borlaug’s disease resistant wheat strain that has a higher yield has helped mexican farmers in 1963
Because of Norman Borlaug’s bold action to help impoverished farmers, Mexico became self-sufficient in wheat production and a grain exporter to other countries by 1963!

The Green Revolution Reaches Asia

Borlaug’s disease-resistant, high-yield and short-stemmed wheat varieties were sent to various agricultural institutes across the globe. A few of Borlaug’s wheat varieties made it to the Indian Agricultural Research Institute in Pusa, New Delhi, India. In the mid-1960s, the Indian subcontinent was suffering from the aftermath of war. India and Pakistan were experiencing food shortages.

With the cooperation of local agricultural scientists and researchers, Borlaug and the Green Revolution expanded in Asia. By 1970, India’s wheat production increased to 20.1 million tons from 12.3 million tons. Pakistan was able to double a yield from 4.6 million tons in 1965 to 7.3 million tons in 1970.

a photo quote of Norman Ernest Borlaug in relation to the topic of Norman Borlaug and the Green Revolution
It is without a doubt that Norman Borlaug and the Green Revolution truly impacted countless lives.

The Bold Leadership of Norman Borlaug

  • Brave, Tenacious and Tireless

Borlaug and the Green Revolution touched countless lives. However, it was an endeavor rife with challenges and obstacles. When he first arrived in Mexico, his efforts were not greeted with enthusiasm. The farmers were suspicious and hostile toward the program. Also, equipment, tools, and proper training were lacking. Nevertheless, Borlaug pressed on and single-handedly achieved the goal at a record-breaking pace. In Asia, bureaucracy, economic barriers, and cultural opposition hindered the immediate implementation of his programs. Still, this did not stop Borlaug from achieving his goal.

  • Resourceful and Creative

Disease-resistant wheat varieties were first grown with long and thin stalks. As the wheat matured and ripened, the stems were unable to support the weight of the grain. Due to this lodging trait of the strain, Borlaug thought of creating a variety with the stronger and shorter stalk by crossbreeding it with Norin 10—a Japanese dwarf wheat variety. The result was a high-yield and stronger semi-dwarf breed.

  • Commitment, Purpose, and Compassion

Borlaug has always believed that “Food is the moral right of all who are born into this world.” Without a doubt, this belief propelled the Nobel Peace Prize Awardee to continue to find ways to increase food yield. His participation in agricultural research and food activism only intensified through the years. He founded the World Food Prize, which recognizes individuals who helped improve the world food supply. Indeed, Borlaug’s commitment, purpose, and passion were unwavering until his last days in 2009.

a photo quote of Norman Ernest Borlaug on the subject related to Norman Borlaug and the Green Revolution
Borlaug’s legacy will surely continue to make an impact in the lives of generations to come.

A Legacy That Will Never Be Forgotten

On March 25, 2014, a statue was unveiled in the National Statuary Hall alongside the country’s greatest heroes to commemorate Borlaug’s centennial celebration. In various parts of the world, from Mexico to India to Bolivia, Borlaug’s contribution to improving food production was—and always will be—remembered over the years. Undeniably, Norman Borlaug’s life, work, and achievements have and will continue to inspire people to help the poor and the hungry.

Norman Borlaug Infographic

Norman Borlaug Infographic

Norman Borlaug: Father Of The Green Revolution

a cartoon of the father of green revolution who fights against world hunger - norman borlaug
A true citizen of the planet, Norman Borlaug, Father Of The Green Revolution lived a life determined to end world hunger!