While we hype up more and more meme coins on Twitter, the real good coins fade away, and they are far superior to so-called dog-e and shib.

Not only can blockchain be used to track social impact, but it can also be used to shape it. There is a lot of talk about public and private bodies announcing their plans, but it's difficult to prove if this actually happens. Ethereum co-founder Vitalik Buterin donated $1 billion in cryptocurrency to India's Covid-Crypto Relief Fund earlier this year. We know because the transaction was visible in his public, blockchain-backed digital wallet. Imagine holding governments accountable for spending pledges and keeping track of disaster relief and aid distribution efforts by charities.

The application of blockchain technology has far-reaching social implications, such as: • Transparency • Supply chain management • Digital identity • Personal data protection • Legitimacy • Compliance • Trust

Blockchain's selling point is openness and irrefutable record keeping, whereas big tech companies keep their algorithms secret. Because of blockchain's alternative trust-based, peer-to-peer systems, some technologists believe blockchain and cryptocurrencies can realign capitalism. Some projects have a positive social and cultural impact, such as creating jobs and educating children in the African region with a project called bob eco coin, while others, such as doge and shiba, have a negative social and cultural impact, where people have lost their jobs and traded their entire wealth in these coins and lost fortunes they imagined.