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Blockchain technology to be integrated into the Irish Red Cross in the app to improve transparency
Blockchain technology is proving to have many cases of use. Countries around the world have used it for supply chain management, banking protocols and even the health industry. However, to facilitate its use with this, the Irish Red Cross has recently announced that they will use blockchain technology for greater transparency in their donations, collaborating with a Dublin-based startup.
The start, which is called AID: Tech, is in this partnership for the opportunity to use the "TraceDonate" mobile app, which ensures that contributors can see when their donations are used. With this new level of transparency, the app hopes that trust and commitment will become more frequent in their efforts. The blockchain capacity also allows to donate in a peer-to-peer transaction to a specific beneficiary, to an NGO or to a specific appeal, which is a direct benefit directly to both retail and institutional investors.
AID Partner: Tech you can use the shared ledger to review transactions as they happen. They also have access to historical contributions records and can view all current campaigns that are available to contribute. With this partnership, the Irish Red Cross Secretary-General believes that it offers the possibility of "further promoting transparency in [charity] sector "and acts as a" point of reference for the donation process ".
Before the mobile app has been created, AID: Tech had used blockchain technology to offer Syrian refugees the help they needed in northern Lebanon, according to reports from 2015. They also created "Transparency Engine", based on blockchain technology and to provide digital identity solutions for many different rights. Some of these applications include wellness, remittances and health care.
Based on the report by The Irish Times, this year has yielded about $ 1.1 million in funds, partly collected thanks to the contribution of Enterprise Ireland, which supports economic development in Ireland. Another supporter was SGInnovate, which is a subsidiary of the Singapore development authority. These investments were the first big push for blockchain financing from both these entities.
Other world organizations have taken note of the efforts made by the Irish Red Cross. For example, the United Nations has already used the Ethereum network earlier, contributing to the distribution of aid to Syrian refugees last year. Binance, a cryptographic platform, which uses the Charity Foundation to create a fundraising channel, which already used blockchain technology in its structure.
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