Vanuatu pioneers digital cash as disaster relief - 0 views
-
John Kiff on 23 Nov 20Vanuatu is pioneering Unblocked Cash, a mobile-based development project using blockchain technology, along with tap-and-pay cards, to provide direct assistance to families recovering from disasters or acute financial distress. The cards can be 'loaded' with money, to act like a debit card, allowing families to directly buy food, medicine, clothes, and other emergency supplies, even hardware to rebuild destroyed homes. Traditionally, it typically costs between $2 - $3 to deploy $1 worth of aid post-disaster. The digital model reduces aid distribution costs by up to 75%, and reduces sign-on time from over an hour with older approaches to only three minutes.