Aid:Tech is an award-winning company delivering enterprise level Blockchain solutions
We were the first company in the world to successfully deliver aid to Syrian refugees completely transparently using Blockchain technology.
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.
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 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
Total Development Aid reached a New Peak in 2016
Benefit Expenditure lost due to Inefficiencies in the UK
Increase of ODA Spent on Hosting Refugees in Donor Countries
Official Development Aid lost to Fraud & Corruption
Today, more than 2 bn people in the world are living without access to formal financial services and 2.4 bn people are living without a legal identity. Concerns are constantly being raised by both public and private sectors about inefficiencies and illicit practices that directly impact progress in social and financial inclusion around the world. We believe that by bringing transparency and accountability to the landscape, systems can see great improvements and making it possible to put accessible solutions directly into people’s hands.
Every Transaction Is Secured using a Distributed Ledger
Every Transaction Is Permanently Recorded And Can Be Traced From Start To Finish
All Transactions Are Instantly Verifiable
Records Cannot Be Manipulated On The Distributed Ledger
We provide enterprise level solutions to international NGOs, governments and corporates to help them tackle some of most entrenched issues in their fields. By making it possible to deliver digital entitlements through Blockchain technology and Digital Identity, we address some of the largest obstacles in global development, including legal identity, financial inclusion and corruption.