Share this article
Multinational Aid Network Trials Blockchain for Donations Tracking
A multinational aid network comprising more than 40 members, is testing blockchain to track donations and disbursements.
By Wolfie Zhao
Updated Sep 11, 2021, 1:31 p.m. Published Jul 12, 2017, 6:30 p.m.
Make us preferred on Google
A multinational network for aid groups is testing blockchain to track donations and aid disbursements.
The Start Network, which counts more than 40 organizations within its membership and is headquartered in the UK, announced yesterday that it is working with a startup called Disberse to test the tech. Contributors to the network include groups like Oxfam and Save the Children, as well as an aid-focused office in the European Commission.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Disberse is a fund management startup using the blockchain to transfer and trace aid contributions among donors, governments and charities, among other parties. The collaboration aims to let donors follow the transactions that are recorded on a distributed ledger for the sake of transparency.
Sean Lowrie, the group's director, said in a statement:
"This exciting partnership could lead to the transformation needed in the way money flows through the humanitarian system. The Start Network is testing innovative solutions to many humanitarian challenges to enable aid agencies to be more efficient and effective."
Disberse was among a group of startups accepted into a fintech accelerator launched last year by the Financial Conduct Authority, one of the UK's financial sector watchdogs. It was one of nine companies working with blockchain to join the accelerator.
Image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Більше для вас
Bitcoin remains subdued as gold races to new record above $5,400 following Jerome Powell remarks
Gold fans rushed in to buy as the Fed chair said he took no macro signal from the raging bull market in precious metals.
Що варто знати:
- Gold soared to a new record on Wednesday afternoon, quickening its rise as Fed Chair Jerome Powell spoke at his post-meeting press conference.
- Bitcoin continues to trade in a very tight range around $89,000.
- "Crypto is underperforming some of the very assets it was designed to supplant," said one analyst.
Top Stories
