All 43 Blockchain charitable projects have studied for not wanting to prove credits Crowdfund Insider

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Three researchers from the United States Agency for International Development (USAID) state that none of the 43 blockchain for carity projects they have studied have been willing or able to demonstrate that the new technology is revolutionizing the industry as stated:

"We found a proliferation of press releases, white papers and articles written in a persuasive manner, but we did not find any documentation or proof of the results that the blockchain would have stated in these statements, and we did not find lessons learned or practical insights, such as they are available for other technologies under development ".

The budget for USAID in 2019 is $ 39.3 billion, intended to "… help developing countries to progress on their path to self-sufficiency and prosperity".

At the beginning of this year, three "MERL" researchers (monitoring, evaluation, research and learning) at USAID, John Burg, Christine Murphy and Jean-Paul Pétraud, proposed to evaluate until to what extent the blockchain could improve with the regular administration of data within charities.

In particular, the team tried to determine how "blockchain (s) … indestructible and traceable links between data blocks … could … improve the efficiency or the effectiveness of the collection, the management and use of data? What are the advantages of blockchain compared to other commonly used technologies? "

Burg, Murphy and Pétraud initially found promising statements that are common:

Unfortunately, the statements did not give any control:

"We did not find any documentation or proof of the results that the blockchain would have stated in these statements, and we did not find lessons learned or practical insights, as they are available for other technologies under development."

Despite the fact that "transparency" is generally praised in the promotional materials of the entire "blockchain sector", project providers have been unable or unwilling to support their claims to the US government's "first aid agency" researchers. :

"We did not get any better when we contacted several blockchain companies directly, via e-mail, phone and in person, and nobody was willing to share data on the results of the program …"

Reportedly, the companies studied were not following their speech:

"Despite all the clamor about how the blockchain will bring unprecedented transparency to processes and operations in low-trust environments, the sector itself is opaque."

"Blockchain" has been widely promoted as a "revolutionary" technology that "will form the basis of the fourth industrial revolution".

Interesting claims that the blockchain can automate "trust" and make the data "immutable" have long been criticized by the first Bitcoiners with direct coding chains of experience.

The massive collections of funds thrown by the founders of Ethereum and the issuers of thousands of other token created on Ethereum and now many other blockchain have brought billions of dollars of investors into projects, many of which have been spent largely to market the technology before it had proved itself.

Several private blockchain consortia, including R3, ConsenSys and IBM and Microsoft divisions, have also courted the private sector for several years.

But following the study, Burg, Murphy and Pétraud, "… established that the lack of evidence to support the blockchain value declarations in the international development space is a critical gap for potential adopters".

They also found what could be described as hypocrisy:

"Blockchain companies that support development pilot projects do not practice what they preach – they improve transparency – sharing data and lessons learned about what works, what does not work, and why.There are many generic decision trees and sales fields available for to convince the development professionals of the value that blockchain will add to their work, but they lack detailed data on what happens when development interventions use blockchain technology. "

From the USAID website

"USAID is the world's leading international development agency and a catalyst actor driving development outcomes: USAID's work promotes US national security and economic prosperity, demonstrates American generosity and fosters a path to development. self-sufficiency and resilience of beneficiaries ".
"The purpose of foreign aid should end the need for its existence and we provide development assistance to help partner countries in their development path to self-sufficiency – looking for ways to help lift lives, build communities and establish 39; self-sufficiency ".

"Our efforts are from and for the American people".

"USAID demonstrates America goodwill Around the world; increases global stability by addressing the root causes of violence; opens up new markets and generates opportunities for trade; creates innovative solutions for once unresolvable development challenges; save lives; and advances democracy, government and peace ".

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