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Blockchain “Revolutionizes” Humanitarian Aid, Says Cardano Foundation CEO Frederik Gregaard

June 16, 2024
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Blockchain “Revolutionizes” Humanitarian Aid, Says Cardano Foundation CEO Frederik Gregaard

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Key Takeaways

  • The Cardano Basis’s CEO Frederik Gregaard stated blockchain might enhance effectivity and transparency in humanitarian support.
  • Donors might see the affect of their contributions, Gregaard says.
  • He additionally stated safety and privateness had been essential for  theblockchain and humanitarian work.

Blockchain expertise has the potential to revolutionize the humanitarian sector. It might assist cut back prices, improve the traceability of knowledge, and lowering transaction instances, in response to Cardano Basis CEO Frederik Greygaard

Additionally, in idea, the blockchain might supply a extra dependable report of the place humanitarian aid  is allotted. In consequence, this might assist to fight corruption with its inherent transparency.

CCN spoke with Frederik Gregaard , CEO of the Cardano Basis, about blockchain expertise in humanitarian settings.

The “With Refugees” Charity Stake Pool

Gregaard talked about  how Cardano’s expertise is used within the “With Refugees” charity stake pool (WRFGS). It is a collaboration between the Cardano Foundation and Switzerland for UNHCR.

Tomorrow I launch my newest assortment. Why is it that I made a decision to make it? Why am I partnering with the the Cardano Basis & UNHCR Switzerland? Learn on…

2 days in the past marks the third anniversary of an explosion in my dwelling nation that reshaped it but once more. As a consequence of that… pic.twitter.com/FtYtROUWqw 

— $Chadi.⌐◨-◨ (@ChadiNassar) August 6, 2023 

This initiative addresses  the forcible displacement of individuals resulting from conflict, famine, and different disasters. Via using blockchain expertise, the WRFGS stake pool  goals to  guarantee that donations not solely attain these in want but additionally have a long-lasting affect.

Gregaard stated: “Utilizing rising applied sciences to use progressive approaches to conditions like this may also help to make sure these affected obtain immediate and acceptable help.”

He argued for the effectivity and effectiveness of this mannequin. This, he stated, lets donors see the tangible affect of their contributions, thereby enhancing the help supplied to refugees.

Making certain Safety and Privateness of Digital Identities

A vital facet of adopting any expertise, particularly in delicate contexts similar to humanitarian support, is of safety and privateness.

Gregaard stated it was essential to make sure the security of digital identities via open-source wallets. These often incorporate superior instruments to securely generate, replace, deactivate, and restore Decentralized Identifiers (DIDs) and KERI Autonomic Identifiers (AIDs).

It is usually essential for these sort of wallets to help trusted communications. They need to additionally use W3C verifiable credentials together with Authentic Chained Data Containers  (ACDCs) to bolster safety.

He stated:

“This sort of method ensures that non-public knowledge stays safe whereas facilitating important providers.

“We sit up for exploring the boundless prospects of innovation and collaboration, aiming for a future the place communities worldwide are safer and safer.”

Transparency, Effectivity, and Safe Knowledge Sharing in Humanitarian Work

Blockchain expertise gives potenital benefits within the humanitarian sector, together with safe knowledge sharing, streamlined provide chains, enhanced donor financing, efficient cash programs, and expanded crowdfunding alternatives.

Within the humanitarian subject, unreliable info and the existence of knowledge silos amongst varied actors typically function obstacles to efficient info administration.

Blockchain expertise addresses these challenges by establishing an info market that’s accessible to all customers whereas sustaining the safety of the knowledge. This technique, which options time-stamped and digitally verified knowledge on an accessible ledger, might considerably cut back prices and enhance transparency in managing humanitarian knowledge.


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