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Blockchain for transparent and trusted data
Driving data-led decision making for governments, corporates and consumers
AID:Tech is an example of cutting edge technology delivering tangible solutions to real problems: providing security, traceability and scalability of payments in places and markets traditional banks and payments providers can’t reach and won’t cover. AID:Tech helps the world’s charities and aid agencies to deliver life-saving resources to those in real need. In doing so, it also builds a platform for sustainable, socially progressive finance.
We’re working with superstars from AID:Tech to design a proof of concept for remittance transfers over blockchain that would be cheaper (in looking to cut out an intermediary a la Western Union) and targeted towards specific needs. Think using remittances to pay energy or phone bills and purchase food.
We partnered with AID:Tech on their recent pilot project to Lebanon and we were able to view every transaction in real-time. We see great potential for their technology and are currently exploring a number of options with them. This is a very innovative solution that will have potential both at home and overseas
Why we do this
Unaccounted for in public spending annually
Fortune 500 firms facing data problems
Donated in the US and the UK in 2018
Today, astronomical values are circulating throughout public, private and third sector ecosystems. Yet, trillions of dollars are persistently unaccounted for, public trust in how funds, such as governments spending and charitable contribution, are spent is increasingly falling and there continues to be many disadvantaged as a result of lack of access to services they are entitled to. At AID:Tech, we believe innovative technologies such as blockchain, artificial intelligence and machine learning are key to reinserting trust in these processes.
Unlock previously inaccessible data
Generate clean and relevant data
Detect anomalies and enable behavioural analysis
Data driven decision-making led by AI & ML
AID:Tech provides API integration connecting governments, corporates and consumers with our proprietary Transparency Engine platform. With digital identity at its core and blockchain as data capture and management tool, AI & ML are further implemented to make the most of information that is being made available.