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United Nations uses Ethereum blockchain to distribute funds across Jordanians

The United Nations (UN) has started to distribute funds across people in Jordan using Ethereum blockchain, as a part of its trial.

The blockchain fund project aims to send cryptographically unique coupons representing an undisclosed number of Jordanian dinars to various shops across five refugee camps in the nation, CoinDesk reported.

The blockchain project is built the Ethereum client developed by Gavin Wood's Parity Technologies, which was previously named Ethcore. UN's World Food Program (WFP) financial officer, Houman Haddad said that the Jordanian coupon project will see a total of more than 10,000 people receiving funds.

With the blockchain trial, various cashiers at each shop will use the technology that was co-developed by the UN Innovation Accelerator, Ethereum development startup Parity Technologies and blockchain big data firm Datarella in order to redeem the entitlements at the point of checkout.

The recipients of the fund need not have access to smartphone or a paper wallet to access the funds. The blockchain project was designed under the assumption that its users might not have access to a smartphone or internet device.

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Vendredi 5 Mai 2017