FMIN Founder Talks VR, Disasters & Blockchain At Rainbow Serpent Festival
January 16, 2018
Unless you have been living under a rock, cryptocurrency news has likely been cluttering up your news feed for some time now.
But do you really 'get it'? What are the applications of blockchain and crypto's? FMIN founder, Joel de Ross, hopes to shed some light on the subject with 2 talks at Rainbow Serpent Festival later this month. We reached out to get a little more info on what to expect from the talks.
Youre giving Two talks at Rainbow, What are they about?
Monday 29th - 10 am, is about how we plan to use blockchain and cryptocurrency within the Metavents ecosystem. I also upack some other offerings which a really amazing such asGazecoin,Voise andMusicoin.
Can you explain what it is and what makes it unique?
Metavents was originally designed to solve communication, planning, logistics, risk and financial problems faced by outdoor music festivals through 3D visualisation, like Simcity, which you can then explore with Virtual Reality. Technically, it is a festival management platform, but what makes it so unique is it can also be used for humanitarian projects. It wasn't until someone pointed out the similarities between a music festival and a refugee camp did I realise just how significant this capability is for NGOs who also use events to fundraise.
Both festivals and NGOs need to factor in extreme weather scenarios, manage and coordinate the logistics of complex supply chains and stakeholders. Both depend on a mostly inexperience volunteer labourforce. Both need to deliver food, electricity, water, security, medical facilities and waste management facilities to remote and often difficult to access locations. Both can struggle to be financially sustainable, with intense competition for available funding, lack of consistent cash flow. While events are a primary means for NGOs to raise awareness and funds for their projects, these efforts can be hindered by the many challenges inherent with event planning. So Metavents is special because of this dual function across totally separate industries.
how does blockchain and cryptocurrency fit into the equation?
It solves major issues caused by a lack of transparency, accountability and money transfers between countries. Over the years, the humanitarian sector has faced a lot of scrutiny over the misappropriation of funds. Billions can seemingly disappear. For example: $9.6 Billion in foreign aid was raised during 2010 Haiti Earthquake. 0.6% ($36m) made it local NGOs. In 2016, 60,000 people were still homeless. Because Metavents can be used to manage disaster related projects and the charity events that fund them, we can create total transparency and accountability around donations with instantaneous money transfers, bypassing processing times and expensive fees.
Joel Tiger de Ross, is the founder of Future Music Industry Network, Metavents psytrance music project Cymatic Empire. He’s spent 15 years in the psytrance scene (Doof scene for you internationals) and played a major role in fostering the early Virtual Reality community in Victoria. He specialises in the application of emerging technology such as Virtual Reality, within music and events industry.