Aid groups use blockchain to ensure help reaches intended recipients

  • TECH Premium
  • Monday, 08 Oct 2018

David Beasley, the new executive director of the World Food Programme, which has been using blockchain to keep a record of transactions, is making sure recipients get their goods without added costs.

In the Za’atari refugee camp in Jordan, Amar Al-Eid heads toward the checkout of the food distribution store carrying supplies for his two children. The shopkeeper raises a black box to his face and scans the Syrian refugee’s iris. The transaction goes through and a day’s rations are secured.

The data technology that underpins virtual currencies like Bitcoin is now also used to deliver aid more efficiently by dramatically lowering the risk of bribes and fraud by local officials – a huge, long standing problem in the industry.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Science & Technology , Blockchain


Next In Tech News

Smart objects: can magnetic waves serve as battery alternatives? Premium
Argentine fintech 'unicorn' Uala launches in Colombia amid Latam push Premium
Saudi launches group to develop eSports Premium
SoftBank COO Marcelo Claure to step down after dispute over compensation -source Premium
Crypto giant Binance hopes Russia will help regional growth Premium
New EV owners resist gasoline cars, survey shows Premium
Facebook wins conditional EU antitrust nod for Kustomer deal Premium
WhatsApp has until end of Feb to clarify privacy policy change, EU says Premium
Crypto tax firm CoinTracker raises $100 million for expansion Premium
Crypto firm Fireblocks raises $550 million, company valued at $8 billion Premium

Others Also Read