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Blockchain Project


CRISIS FUND DISTRIBUTION

CRISIS FUND DISTRIBUTION

Crisis situations like natural disasters, wars, drought etc often put the economy of the affected area in a huge turmoil. Such situations need a quick injection of funds in order to help them recover. However, this can result in weak financial oversight over the funds received in donations/grants from across the world and in turn, gives individuals greater opportunity to waste, transfer or use resources for personal gains.

Moreover, during such times the victims/refugees from remote areas are difficult to identity. Donor Agencies and Governments often lack tools to share information and track benefits for a single donor.

Using Blockchain Technology, these funds can be distributed in a transparent manner and further tokenized in a way in which the donations are utilized for the right reasons.

Our work with governments of emerging economies like India, Papua New Guinea and Indonesia has given us a unique lens to understand such problems and apply the technology.

BLOCKCHAIN PROJECTS

At Somish, we established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using Blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments. Some of our other key Blockchain projects have been highlighted below.