Bitcoin News Tuesday, February 6
Bitcoin News TLDR / Table of Contents
- Unicef recruits gamers to mine Ethereum in aid of Syrian children
- Cryptocurrency scheme is part of wider UN effort to revolutionise aid with blockchain technology, increasing financial transparency
- switch, Syrian children, contribution Subscribe, Email preferences, Global development
Tweeted At: Tue Feb 06 16:50:32 +0000 2018
Publish Date: 2018-02-06T06:30:01+00:00
Author: Peter Beaumont
- The UN’s children’s agency, Unicef, has launched a futuristic pilot project to utilise the cryptocurrency Ethereum to raise money for Syrian children.
- The scheme is part of wider efforts by Unicef and other UN agencies to find uses for the “blockchain” technology associated with the cryptocurrency – the world’s second largest after the controversial Bitcoin – to revolutionise not only how aid organisations raise money but also to increase transparency in their…
- The World Food Programme (WFP) has used Ethereum to deliver $1.4m in food vouchers, via the use of iris recognition scanners in camp supermarkets, to around 10,000 Syrian refugees in Jordan, a scheme it plans to expand tenfold in four camps.
- Unicef sees three potential uses for blockchain technology: introducing new ways to donate money; creating greater transparency in internal processes; and potentially addressing issues like payments to partners of frontline workers, such as locally contracted lorry drivers.
- He underlines the distinction between cryptocurrencies like Ethereum and Bitcoin and the underlying blockchain technology, and what it can potentially offer aid agencies and charities.
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