Zlto, a Cape Town, South Africa-based social startup, is hoping to take steps to reduce youth unemployment through leveraging blockchain tech. Known for their app, Zlto tracks and incentivizes healthy and positive behavior through community volunteering and work in a verifiable and secure manner.
In the third quarter of 2018, South Africa's youth unemployment rate declined – from 53.70% to 52.80%. And appropriate credentials and work experience are often cited by young South Africans as their top challenge when trying to get into the job market.
That is the problem Cape Town-based social start-up Zlto hopes to solve with an approach based on mobile phones and the blockchain technology that underpins crypto currencies such as bitcoin, plus a little financial help from Google.
Zlto is an initiative by local NGO Reconstructed Living Labs (RLabs), and its mission is to get young people involved in their communities as a stepping stone towards employment.
Volunteer work can range from cleaning up the environment to paining a dilapidated public building.
Read more here.
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