• Bitcoin(BTC)$63,258.00
  • Ethereum(ETH)$2,567.71
  • Tether(USDT)$1.00
  • BNB(BNB)$585.05
  • Solana(SOL)$149.08
  • USDC(USDC)$1.00
  • XRP(XRP)$0.59
  • Lido Staked Ether(STETH)$2,566.21
  • Dogecoin(DOGE)$0.108844
  • Toncoin(TON)$5.60

The government of Belgium is making a contribution of €2 mln to promote a Blockchain project by the World Food Programme (WFP), the WFP announced April 19.

The contribution will reportedly allow the United Nations (UN) to use Blockchain technology to fight against hunger in impoverished areas. The “Building Blocks” project is piloted with other agencies in the UN and has been implemented to make WFP cash transfers to refugees more efficient and transparent. Over 100,000 Syrian refugees in camps in Jordan have benefited from the project, using donations provided by donors to get food and other crucial resources.

The project was presented at the Leveraging Innovation for Humanitarian Action in New York. Commenting on Belgium’s contribution to the initiative, the country’s Deputy Prime Minister and Minister for Development Cooperation, Alexander De Croo, said:

“Innovation saves lives. This year, more than 128 mln people across the world will need humanitarian assistance and protection. This is triple the number of three years ago. Only by finding better ways to deliver aid more efficiently will we close the gap between requirements and aid delivery on the ground. Belgium lauds the efforts of WFP to come up with innovative solutions to save more lives and help more people in need.”

In May last year, the UN announced its plans to use Ethereum Blockchain technology to ensure refugees in Jordan have access to food rations by distributing coupons which would be used in place of the local currency. The technology had already been tested by the WFP in Pakistan with more than 10,000 people having benefited.

Source: Cointelegraph.com

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

Newsletter

Sign up to receive the latest crypto breaking news in your inbox, every day.

I agree that my data is used according to the privacy policy

Check your inbox or spam folder to confirm your subscription.

Breaking crypto news about Bitcoin, Ethereum, Blockchain, NFTs, DeFi and Altcoins. Get instant notifications 24/7 as soon as a new article is published.

Exit mobile version