This is a very interesting concept. Of course the possibilities are endless as to what the funds could be used for. This made me think of how a much smaller scale version of this could be used to help people or villages in developing countries.
I have seen a lot of corruption in the NGO world in Cambodia, and this post got me thinking how you could keep the funds safe and do good deeds bit by bit with the weekly power downs. Too many times a shady director has too easy access to the funds and flees with the treasure.
I knew one small NGO who was just trying to deliver a 50kg bag of rice and basic medicines to a remote village weekly. The owner skipped town with the funds, and this project fizzled out. Also, the volunteers were in a never-ending search for more donations because the director had been siphoning portions for years already. If all that lost money had been put into a safe account like you are describing, the project could live forever and be sustainably self-funded.
Thanks for the feedback!
I agree that an endowment like this could be applicable to just about any charitable cause. An advantage that universities have, though, is that they probably already have staff with the skills they'd need to start generating blockchain rewards without a very steep learning curve.
Right, using it in a developing country would definitely require a massive training effort.