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Bitcoin News Tuesday, February 6

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URL: https://www.theguardian.com/global-development/2018/feb/06/unicef-recruits-gamers-mine-ethereum-aid-syrian-children
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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