Frame 48 is a firm specialized in film and commercial production, their motto is to create a content to which the audience can relate to with strong emotion. Recently, it has collaborated with Dash digital, it is a top digital currency for transactions and payments. They will work together to build a documentary focused on Blockchain technology and how it can impact the digital currency which can boost the economic condition and culture in Zimbabwe.
This whole project was funded by its own group DAO (Decentralized Autonomous Organization). The main blockbuster technology that they will be focusing on and make the documentary is Kuvacash, it is technology which is powered by Dash and its function is to provide Zimbabwe its first localized digital currency. It will run from a person’s phone number. By launching the first digital currency in Zimbabwe it will give its economic condition a boost and will be very beneficial for its people.
Seth Josephson is a creative producer at Frame 48 and he looks very convinced with the DAO global model. The project was funded by a local governance. DAO has proposed this unique concept which was approved by the government. They have received funding of organizing the conferences, sports sponsorships, university research programs, when it was cleared that Zimbabwe was facing a political issue the Dash community decided to launch the documentary that would in return help people in understanding the problems of the country and economic crisis they are into, also how Blockchain would help them to fight with economic crisis and results in developing and boosting its financial strengths.
Now with the world progressing, we have seen many companies favoring blockchain and working with them it is also the same thing with DAO that is helping with the blockchain technology to improve the economic condition of the country and also focusing on educating the people, make them aware of the technology which can help them grow.
Zimbabwe has faced a crisis in 2008 and since then it has not improved much, and the current situation is also the same as their economic condition is very poor so it is facing so much loss and their national currency has a very low value with days it is depreciating. As compared to 2008, its current value has depreciated almost 3 times. The government has tried to resolve this issue in past was not able to do so. Digital currency can help them to increase the value of their currency and can gain some market.
There would be lots of people excited to see the documentary which will be educating the people and can explain about the technology in a much-detailed way. The only purpose is to focus on how a digital currency can improve the living standard of the people in Zimbabwe and would raise its economy.
The blockchain technology is not only limited to affect the economic conditions but has a great potential to do many more things. Many of the companies are working with the blockchain technology to improve the people day-to-day life. By introducing the e-money concept, people can trade from their places and can send money to their family. People have the option that they can also shift to USD cash at any time, without visiting the bank or standing in a queue.