Heartening to see blockchain deployment for Food Aid by World Food Programme's Building Blocks powered by Ethereum
Blockchain technology is very much in action and making a positive impact on mankind.
Its key features of being transparent, relative low cost, brought millions of dollars of savings to UN World Food Programme's Food Aid programs around the world by eliminating third parties intermediaries like banks and the associated fees.
Being open source, the potential of blockchain being deployed in large scale by other aid organisations are endless.
This is such a different story than the usual analogy of how blockchain is used for illicit industries like gambling and drugs and I hope this opens the minds and imaginations for more blockchain deployment projects that will serve the world well.
Source :
https://www.fastcompany.com/40457354/how-blockchain-could-transform-the-way-international-aid-is-distributed
http://innovation.wfp.org/project/building-blocks
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Payments professional with more than 20 years of experience at Visa, MasterCard and Amex.
Passionate about new technology and witnessing how blockchain among other technologies breakthrough will change the entire payments landscape to make it more inclusive and serve more people.
The current payment systems are arcade, impose high barriers of entry and in many cases, do not serve the needs of micro businesses and the unbanked.
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