Giving Back to India: IIT Alumni Council launches Rs 21,000 Cr fundraising for MegaLab

#virology #virus #testing #covid19 #socialimpact

The #IIT Alumni Council, which is setting up the world's largest viral infection testing lab, MegaLab Mumbai, with one crore monthly capacity in Mumbai, on Thursday launched the country's largest social initiative with a targeted investible corpus of Rs 21,000 crore for the proposed MegaLab.

The #IIT Alumni Council, along with its institutional partners Mumbai University and the ICT Mumbai, which are the two initial institutional partners for the MegaLab project, has over five million alumni and the corporate investment vehicles managed and controlled by these alumni have assets under management of over Rs 5 lakh crore, the council said.

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IIT Alumni Council launches Rs 21,000 Cr fundraising for MegaLab

The IIT Alumni Council, which is setting up the world's largest viral infection testing lab with one crore monthly capacity here, on Thursday launched the country's largest social initiative with a targeted investible corpus of Rs 21,000 crore for the proposed MegaLab.

Bob Sullivan: How blockchain can fight exploitation and racism

Blockchain, and the ‘Internet of Value,’ can fight exploitation and racism. For example, food that comes with public audit trail enabled by blockchain would let a salmon eater know exactly which boat pulled their fish from what river. An industrious consumer could make sure that boat owner paid employees a living wage.

In fact, blockchain technology can be used by startups in agriculture and other food sectors to enable a consumer to know exactly from where each of agriculture goods or processed goods or their ingredients are sourced.

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Podcast: How blockchain, and the 'Internet of Value,' can fight exploitation and racism - bobsullivan.net

Too often, people who do the work don't get paid for that work, or earn only a fraction of the money extracted by institutional layers - middlemen - shoe-horned between producer and consumer.