The 18th Hive borehole is finally launched in the Asenua community, Ashanti Region, Ghana. Through the Hive Empowers Communities project, it has been possible to perform these community empowerment projects for providing clean water to areas struggle with access to essential resources such as water. This would be proof of how digital technologies such as the blockchain, may provide a solution to an real life problems and make such a great change.
These boreholes are more than water sources; they have become the lifelines for those in need of water and serve as examples of what is possible when decentralized technologies are pushed to their limits. Since the commencement of the project, we have always celebrated the launch with a memorable occasion. This is not a showcase of achievements but a show-and-tell of how blockchain is closing gaps and changing lives.
Even today, many still doubt and raise questions about the uses of blockchain and cryptocurrency. Such projects give the right answers and bring clarity on issues raised about these digital currencies and its underlying technology, the blockchain. They highlight the transformation power of digital tools in usefulness for pressing issues, like unequal resource distribution.
Access to clean drinking water has been among the perennial problems facing most communities worldwide for many years. The Hive borehole is helping to write a different story about water crisis by creating a realiable water supply and improving the standard of living of many in communities who have benefitted.
More than 10,000 have had access to clean water with the 18 boreholes constructed up until now; this is just an excellent testament to the potential impact of Hive in real life. Even though these projects are done in local communities but we have endeavoured to share about it to give more exposure to the Hive ecosystem around the whole world.
This year and the previous year, we had the privilege of showcasing this on international platforms, which, among others, included Amsterdam. It attracted the interest of thought leaders and innovators. The presentations that included the boreholes inspired a number of influential individuals and made them interested in knowing more about the Hive blockchain and its ecosystem. What's more, with these projects, it's not about solving pressing challenges but an interesting narrative of what blockchain is capable of achieving.
The launch of the Asenua borehole is a living example of the that Hive represents: this is proof that the technologies we pride as decentralized are not just theoretically existing, but very deep down practical to empower lives so that they transform communities. Anytime that I think through this journey, it really humbles and makes me proud. It's a sight to behold how we have been able to leverage the blockchain for the betterment of the lives of the people who now have clean water.
What we see in the pictures is the result of the power of a united decentralized community where every single person counts. Celebrating this achievement means a lot to us and we are hopeful and motivated for the future. We look forward to more achievements like this and to seeing more lives empowered. Thank you to all who have always supported this cause.