Oxfam Ireland has received €1 million in grant funding from the European Commission for a pilot project that aims to deliver international aid via blockchain. The “UnBlocked Cash” project is currently undergoing a second-phase trial in Vanuatu, with more than 5,000 individuals and 100 vendors participating. The solution is built on the ethereum platform and delivered in partnership with ConsenSys, a company founded by Joe Lubin, a co-founder of the blockchain technology. The Oxfam project is one of six to receive combined funding of €5 million through the European Innovation Council “blockchains for social good” prize. The council’s award aims to promote blockchain development in areas such as traceability, fair trade and financial inclusion.

Source: The Irish Times July 03, 2020 14:32 UTC