It seems Blockchain is no longer just about making money. As one group proves, it can also help in actually giving people money so that they have something to buy food with. Not only does the incredibly secure system with redundant safety measures offer plenty of financial incentives, it also opens plenty of opportunities to charity groups to make even bigger differences.
The cash initiative is the project of World Food Programme and the name of the program is Building Blocks. According to the press release about the program, Blockchain is now integral in the fight against world hunger.
“Blockchain can revolutionize the way WFP delivers assistance to vulnerable families across the globe. It can bring us closer to the people we serve and allow us to respond much faster,” WFP official Farman Ali said.
While the program is still in its test phase, it is already seeing some positive results. In select areas in Pakistan, for example, a test for the program was launched back in January of this year. The data collected during that test has allowed the group to prepare for a full-scale launch on a global basis.
Now, the whole point to using Blockchain or Ethereum blockchain, to be more specific has to do with the security that the option provides. At this point, practically anyone involved in finance and economics would know that the substantial network that provides checks and balances with Blockchain make sure things like money transfers are done securely.
Blockchain also offers the extra incentive of transparency, which when combined with security helps to alleviate fears of the funds getting misappropriated, Futurism reports. The anxiety of these groups in making sure that the money stays safe and gets into the hands of the poor, starving families that need it is understandable. Funds have been known to disappear in the past, especially in areas of conflict.


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