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UN Women To Launch Blockchain For Financial Assistance To Refugees

Published: 23/09/2018
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What is it for?

According to a press release published on the UN's official website on September 18, UN Women (the UN Entity for Gender Equality) will apply blockchain technology for remittances to Syrian refugee camps located in Jordan.

 

UN Women, jointly with the World Food Programme (WFP), will work with the refugee camps of Za’atari and Azraq, the total population of which currently amounts to 115,000 people.

 

Refugee women participating in the program will receive a direct financial aid without involving third parties, in particular banks.

 

The new program is based on Building Blocks, the prior project of WFP, within which 76,000 Syrian refugees in Za’atari can purchase food by means of iris scanning technology instead of a bank card and cash.

 

UN Women is also conducting seminars on increasing of financial literacy for the program participants. Thus, refugees will be able to look through their recent purchases and the account balance history on Building Blocks.

 

Earlier, Jack Ma, the founder of Alibaba, has expressed the opinion that blockchain technologies may still help in the development of the modern world.

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