buwaytress
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March 10, 2018, 06:44:54 PM |
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Good on Rufaro! I've had a long career in charity and have witnessed first hand how much aid money goes to waste, either by deliberate fraud or well-intentioned failures to conduct proper due diligence. It's awful to think how people care less when it's charity sometimes.
Come to think of it, some of the most obvious useful applications would have to be in fraud, yet I've only seen two projects before this focusing on just that. Andhra Pradesh state in India trying to use blockchain to combat land fraud - it isn't just the billions involved, but the high levels of corruption and bloodshed that's been going on for decades. The 70% said by the article to be lost to corruption sounds huge, but I'm inclined to believe the figure could be much more, especially with some of the centralised organisations under UN auspices.
His case use in sending value via tokens actually is exactly what's happening on the ground since the early 2000s - beneficiaries gain much more when cash or equivalent is given to them instead of in kind goods.
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