Data hosting service provider Index Africa announces a new model of Decentralized Philanthropy (DePhi) by donating a portion of the rewards generated from their blockchain indexing node to funding the education of rural African students.
The indexer is built on the blockchain protocol, The Graph. The DePhi initiative is supported by the innovation hub Silicon Kruger. The innovation hub’s purpose is Web3 community-building and business development.
Index Africa’s mission is to “facilitate the education and elevation of a future generation of rural Africans, empowering them to participate in the digital economy, and ultimately, the crypto economy.”
The proceeds from Index Africa are donated to its non-profit partner named Good Work Foundation (GWF). The foundation has been teaching digital literacy and STEM education in rural parts of Africa since 2005.
Donations from Index Africa will go to Good Work Foundation’s Open Learning Academy (OLA), which focuses on STEM education and life skills for rural children.
Decentralized Philanthropy is a concept that hasn’t gained much traction yet. However, owing to the unpredictable nature of Web3 and its seemingly limitless reach , DePhi might just be the solution to global poverty problems. In December of last year, Elon Musk’s brother Kimbal Musk introduced a decentralized anonymous organization (DAO) named Big Green with the vision of “Decentralized Philanthropy”.
