Aid Groups such as Jordan’s Za’atari refugee camp are using blockchain technology for establishing transparency in the food supply network. The volunteers here are checking out the food distribution store and how it is carrying the supplies by scanning the iris of Syrian refugees. The process ensures that the transaction has gone through properly securing ration for the day.
Blockchain technology is now widely used to improve efficiency and introduce transparency in all types of dealings and industries. The technology working on a decentralized platform running virtual currencies like Bitcoin (BTC) is now being used by companies to ensure that the aids are properly delivered to the refugees thereby cutting down the risk of fraud and bribes by the local officials. Incidentally, in developing countries frauds and bribes have been a long-standing problem.
The blockchain-enabled technology tracks the transactions and buyers’ record and thus ensures that the recipients receive their goods without any hassle or added costs/bank transfer fees. Eventually, the technology also helps the donors to track down whether the money they are donating is being used for the welfare and survival of refugee families.
One of the persons involved in this blockchain-based food supply tracking network stated that the entire process is very easy and do not have any complications. UN is at present testing this refugee aid system. However, it is not using virtual currencies for transactions and instead, is using dollar said The Star Online. The blockchain technology helps UN to know how its every cent is donated and is spend on the physical goods. And with this, the UN can contribute and save hugely.
The significance of this new development can be understood from the fact that in 2011 around 30% of aid donations ($40 billion) failed to reach the needy recipients only because the middlemen and corrupt officials snatched some of the crust. Thus, this system helps those who want to help needy with the money and those who ultimately is its recipient.
According to Gustav Stromfelt, a project manager operating in one of the world food network programs, “We have this rapid ability to understand where our money is throughout the process. It improves transparency, accountability, and communication across the board.” Even though smaller thefts are still possible, chances of bigger frauds can be cut down to a minimum with this system, said The Star.
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