The expansive mission of the UNHCR is being propelled forward with blockchain and zero-knowledge proofs, bringing innovation to their global efforts. Carmen Hett, the organization's Treasurer, believes these tools are perfect for improving aid delivery and safeguarding the private data of countless refugees worldwide.
During a discussion, Hett expressed her views panel discussion in Switzerland at the Decentral House event, which was abuzz with web3 experts from notable groups like Cardano, the United Nations, and the World Trade Organization sharing their insights on the industry's progress.
Already deeply involved with blockchain, the UNHCR revealed their blockchain-based payment framework back in December 2022, initially facing doubts, but quickly gaining approval as the first deployment proved successful.
Delivering Fast, Free Aid with Crypto
To achieve its humanitarian objectives, the UN agency is utilizing solutions powered by Cardano, enabling effective aid distribution globally through digital wallets, enhancing access for both donors and recipients, and ensuring transparency with a decentralized ledger.
By fostering digital literacy and financial empowerment among refugees, the UNHCR tackles initial technical barriers inherent in blockchain systems, enhancing accessibility.
Hett and his collaborators recognized the system's operational freedom and efficiency, which led to necessary participation, kick-starting the program. Other organizations could potentially adopt similar systems as the UNHCR expands.
Fundraising Through Crypto Staking
In efforts to refine blockchain-based fundraising, the UNHCR initiated a staking pool, encouraging the public to allocate crypto assets. Known as 'Blockchain for Refugees,' it operates like other Cardano pools, except all applicable gains aid the UNHCR mission.
This mechanism enables ADA holders to effortlessly support UNHCR goals while also boosting the network's functionality and safeguarding. Proceeds benefit UNHCR fieldwork and innovation funds, at 80% and 20%, respectively.
With Cardano allowing asset control during staking, contributors can assist without financial restraints and retract at will, presenting a novel staking model that stands to make a significant impact.
Why Cardano?
Leveraging Cardano digital identification and payments, the UNHCR enhances refugee data security, exploring privacy measures like zero-knowledge proofs to secure vulnerable identities.
UNHCR attributes its collaboration with Cardano to the network's engaged community and unique staking model. Partnerships also extend to projects such as TURF NFT and NMKR, reflecting a diverse, cooperative initiative.
Starting modestly and expanding gradually, the UNHCR is crafting a blueprint for impactful blockchain use, empowering world refugees. Cryptocurrencies and blockchain prove instrumental for global charitable actions, with the UNHCR-Cardano model likely influencing wider adoption across humanitarian sectors.
