It’s been a year since the World Food Programme used a public Ethereum blockchain by which food and cash were transferred to families that needed it in Pakistan. This lead to cash transfers for the refugee camp of Azraq in Jordan. This saved almost $150,000 on transfer fees which meant more food and cash for the needy.
This technology was further elaborated with the use of biometric scans of the eye of Syrian refugees to buying food from retail shops. The greater security measures and privacy enables refugees to live a life of normalcy when they are usually threatened by people who mistreat the refugees.
The success story of the Ethereum Payments system means another 100 million people being fed across 80 countries, with savings of millions of dollars in transfer fees.
Next in line is India’s Million Meals which is the world’s largest midday school meal programme that caters to over 1.6 million children in the country.
The Ethereum blockchain is not just used for payments but a number of important utilizations such as food supply chains and data gathering which help the overall efficiency. Cryptocurrency is the solution that organizations such as the United Nations have been waiting for.
In other news related to helping the poor, UNICEF has launched a pilot project for gamers to mine Ethereum for money for Syrian children. That is gamers around the world can use their unbelievable computing processing powers to mine Ethereum. It’s a simple process of downloading mining software for the gamers from the Game Chaingers website. This software called Claymore draws power from the user’s graphics card to mine Ethereum and this is then donated to UNICEFs electronic wallet.
Cryptocurrencies have a huge potential for humanitarian efforts and fundraising for underprivileged children in terms of allowing a more large scale collective effort.
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