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UN Uses Blockchain for Humanitarian Aid
Despite the fact that the world produces enough food to feed the entire population, millions of people still go hungry. Because of the way food is currently distributed, “food rich” areas–or those with an abundance of food–exist, while other places experience severe famine and starvation. The United Nations (UN) is looking to address this extreme inequality, by implementing the use of blockchain.
Blockchain technology has the potential to create a whole new, reliable, secure environment for providing humanitarian aid. Non-profits often advertise themselves as such. However, a significant portion of donations still go to overhead, office costs, and officers running these charities. With blockchain technology, those who donate are able to view exactly how their funds spent, and who directly is benefiting from the provided aid.
UN & World Food Program
While the UN believes it could ultimately help up to 80 million people each year through the World Food Program. So, it has its eyes set on launching its first efforts in Jordan this summer. This project is estimated to feed 10,000 people in Jordan, starting May 1, 2017. If this project succeeds, the UN will move towards launching additional efforts in other food-deprived areas. The success (or failure) of the project fundamentally determines whether or not it is a model that should be implemented in additional impoverished places. The UN hopes that it can employ blockchain technology in order to distribute food…but that truly is only the tip of the iceberg
Both the United Nations and the World Food Program have their eyes on blockchain to provide a solution regarding the best way feed the hungry. Each organization sees the long-term potential that blockchain technology can provide. Theoretically, self-sustaining funds could be put onto the blockchain, and even operate long past the UN ceases to operate.
This is just one of several use cases the UN sought out the use of blockchains. See more below!