Red Cross started using blockchain to improve aid effectiveness

Red Cross started using blockchain to improve aid effectiveness

Blockchain & Environment

Three national divisions of the Red Cross, one of the largest humanitarian organizations in the world, will be use blockchain to improve aid delivery and stimulate the economies of poor regions.

KK annually distributes between the affected areas and those in need about $ 1 billion in cash and special assistance vouchers.

The committees of Norway, Denmark and Kenya today announced the launch of a two-year program to replace cash and vouchers in  public credit system. She will allow to the victims and residents of poor regions to earn money (by work or by providing various types of assistance), which can spend through a mobile app recording all transactions in blockchain.

Testing a new systems in Kenya and Ethiopia showed, that it improves trade in poor communities and stimulates their economic development, since it does not require users to have fiat money. In the future, it is deployed in Malawi, Myanmar, Zimbabwe, Cameroon and Papua-New Guinea, covering two of the year 320 thous. person.

Despite the positive assessment of the project by observers, local banks reacted negatively to the innovation, citing the fact that the public lending scheme reduces the demand for their services..

Red Cross started using blockchain to improve aid effectiveness

Aid Agencies Believe Blockchain-Based System Will Revolutionize Aid Delivery, insofar as ensures transparency and confidentiality data, allowing you to track the distribution benefits almost in real time, and promptly correct work for improve service.

Recall that last year UNICEF France began take donations at nine cryptocurrencies.

text: Ivan Malichenko, a photo: lpcdn

Red Cross started using blockchain to improve aid effectiveness

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