Cryptocurrency Could Revolutionize Humanitarian Aid

When disaster strikes the swift delivery of aid often plays a massive role in preventing disease, exposure, and the pause in the delivery of essential services from exacerbating an already dire situation. 

The abysmal response in Puerto Rico after Hurricane Maria pummeled the island in 2017 serves as a perfect example. In fact, data from a Harvard University study estimated that the delayed response in distributing aid contributed to an excess death count of 4,645, whereas the official death count by the government of Puerto Rico remains at 64.

First responders and organizations that deliver humanitarian aid realize that urgent action saves lives and for this reason they are always searching for ways to streamline their processes. 

Cointelegraph recently reported that the United Nations Children’s Fund (UNICEF) had announced the launch of a cryptocurrency-backed fund aimed at supporting the development of open-source technology that benefits young people around the world….