World Food Programme’s (WFP) Blockchain Project Receives Funds From Belgium
The use of Blockchain technology has spread its roots in a variety of fields. World Food Programme (WFP) announced on April 19th that the Belgium government is making a contribution of €2 million to help WFP scale their blockchain project.
According to the news, the funding would be used to scale the research and trials of the use of unmanned aerial vehicles (UAVs) which would serve to prepare and respond to emergencies in many ways – rapid damage analysis, topographical data collection and interpretation through machine learning and Artificial Intelligence, and others. In addition to that, the blockchain pilot project named “Building Blocks” has helped facilitate WFP cash transfers to 100,000 vulnerable Syrian refugees more efficiently and transparently, which was showcased at the UN in New York on 19th April. A major chunk of the funds will be used to catapult Building Blocks to help a large number of people.
Commenting on Belgium’s contribution to WFP, the country’s Deputy Prime Minister and Minister for Development Cooperation, Alexander De Croo, said:
“Innovation saves lives. This year, more than 128 mln people across the world will need humanitarian assistance and protection. This is triple the number of three years ago. Only by finding better ways to deliver aid more efficiently will we close the gap between requirements and aid delivery on the ground. Belgium lauds the efforts of WFP to come up with innovative solutions to save more lives and help more people in need.”
The Blockchain technology has been well received in different parts of the world. NASA funded a research project which aimed to make an autonomous spacecraft which would use blockchain, and ICICI bank consigned 250 corporates to its blockchain platform among a hoard of other news coming from different corners of the world.