Learn how blockchain is used for creating a global common ledger for raising, allocating & distributing aid, donations & grants during times of crisis.
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.
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.
Schedule a free 30-min call with our team of blockchain aficionados! Trust me, you won’t be disappointed :)