Utilization Of Blockchain To Manage Aid Following The Recent Tragic Explosion In Beirut.

Utilization Of Blockchain To Manage Aid Following The Recent Tragic Explosion In Beirut.

2020-08-10 | Eddy Morgan

Utilization Of Blockchain To Manage Aid Following The Recent Tragic Explosion In Beirut.

Israel based renowned blockchain startup Orbs has published a letter to French President, Emmanuel Macron. This letter promotes the utilization of blockchain technology to manage aid following the tragic explosion in Beirut on 4th August.

Blockchain’s transparency and accountability could help reassure both private donors and governments that the aid they offer is being deployed effectively, it says.

Catastrophic events like those in Lebanon tend to spur pledges of much needed humanitarian aid from around the world.

President Macron of Lebanese former colonial power, France, wasted no time in visiting the area and urging world leaders to accelerate aid packages to offer timely relief. However he also added that the necessity to ensure aid went to legitimate groups working on the bottom and didn’t end up within the hands of Hezbollah.

Sadly, history offers us with a litany of cases during which well-intentioned aid isn’t put to the best use.

Of course, blockchain has the unique ability to permit multiple parties who don’t necessarily trust one another to work together within a transparent manner.

To this end, Orbs has been working with the Hexa Foundation to market the potential benefits of blockchain technology in managing and distributing aid to varied governments and organisations. It's even built a prototype, which it says are often developed to form a totally customizable solution.

As reported earlier this year, Orbs developed an app encouraging people to self-quarantine as the coronavirus outbreak began to take hold.

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