An Ethereum Blockchain Is Restoring the Identity of Syrian Refugees
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This sounds like the kind of social impact that the blockchain pioneers have been speaking about when they designed the technology. Just as Syria has gotten the world’s focus for a suspected horrific chemical attack on its citizens, refugees who have fled the war-torn nation for refuge in bordering Jordan have stumbled upon a humanitarian system utilizing cutting-edge blockchain technologies to maintain their information private. It’s dubbed Developing Blocks, and it’s been developed by the UN’s Globe Food Programme (WFP) alongside some industry partners.
The story is told by MIT Technology Evaluation, which spotlights the Azraq Refugee camp comprised of tens of thousands of fleeing Syrians who have produced a Jordanian settlement house just miles from the Syrian border where they left their fear-filled lives behind. The refugees are element of a project involving a “private fork of the Ethereum blockchain” in which they “redeem their WFP-offered assistance” for everyday transactions at retailers with blockchain technology and their personal data is being kept safe.
For instance, the MIT Tech story offers the instance of a single refugee who visits the regional Jordanian supermarket, where he pays for his transaction fundamentally by delivering a selfie with the camera at checkout. It’s named “EyePay” since the image of his eyes recognize him.
Social and Financial Benefits
The benefits are each social and economic, the impact of which could shape the lives of generations to come. From a humanitarian point of view, these individuals who have left every little thing behind in their war-torn nations are being provided a opportunity to rebuild their lives.
The crisis has left these refugees out in the cold when it comes to getting into the workforce or possibly even investing, exactly where with know-your-consumer and identity verification requirements tends to make moving forward almost impossible. But the public-ledger-fueled plan provides a digital identity to folks who have no formal form of ID, no proof of residence, etc.
The architect behind the program, Houman Haddad, hopes to see these Syrian refugees one day be capable to transact from a single digital wallet comprised of a record of their purchase history, identification and “access to economic accounts” by means of a blockchain-fueled ID method, as per MIT Technology.
Meanwhile, Developing Blocks has turned the common approach to humanitarian help on its head. For instance, the WFP would normally deliver meals to people like the Syrian refugees in the Jordanian camp. But as an alternative, they’re empowering these men and women by giving them cash instead. The blockchain-fueled system cuts out considerably of the friction tied to bank transfers and the charges that accompany them, as evidenced by a 98% reduction in those fees. That leaves the refugees more income with which to rebuild their lives.
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Published at Sun, 15 Apr 2018 11:03:47 +0000