Uniqueness
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Uniqueness, security and oversight in blockchain technology will solve the problem of transparency in charitable work.

In January 2017, the United Nations Food Program (WFP) began using blockchain to authorize and record transactions of people in need in Pakistan’s Sindh province. Blockchain technology does not require both financial intermediaries such as banks to link direct, secure and expeditious transactions between the public and the WFP.

Following a successful pilot, WFP continues to develop blockchain technology and applications in two refugee camps in Jordan. Now, more than 100,000 people living in the camps can scan their irises at checkout and buy groceries.

This virtual wallet is a bank account that makes all transactions secure and transparent, said Bernhard Gowatch, WFP’s innovation accelerator. This allows humanitarian organizations and charities to work more closely together. “We use blockchain because we want to make humanitarian assistance more effective. This technology allows agencies such as the United Nations to collaborate with other humanitarian groups because it is a distributed asset system,” Gowatch said. Forbes.

People in Jordan scan their irises and shop at a store built on the blockchain platform. Photo: WFP

According to the WFP, direct remittances to those in need are one of the most effective ways to volunteer while supporting the growth of local economies. However, cash flow is defined by geographical factors, political instability, insufficient or unreliable financial service providers. Not to mention that many people still have difficulty opening a bank account, so blockchain is considered a solution to the problem of transparency and efficient distribution of support funds.

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