Blockchain startup AID:Tech brings more transparency to NGOs


They work with governments and NGOs to increase efficiency in the flow of funds and welfare services, as well as to make the process of receiving donations more transparent, traceable, and immutable. Their pilot project with the Red Cross provided Syrian refugees currently living in Lebanon with tokenized vouchers to buy goods and services from participating merchants, resulting in a transparent process in which the Red Cross, donors, and merchants could trace where every cent went in real time.

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