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Articlestellar.orgDana Bernard2y ago

Blockchain as a tool for aid disbursements

The Stellar Development Foundation is using blockchain technology and the Stellar Disbursement Platform to deliver humanitarian cash aid at scale, enabling instant, low-cost, transparent fund transfers to aid recipients globally through digital wallets and stablecoins.

Financial InclusionPaymentsStablecoins
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The Stellar Development Foundation is leveraging blockchain technology to address humanitarian aid delivery, which affects 1 in 23 people globally requiring ~$50B in annual funding. Using the Stellar Consensus Protocol and Stellar Disbursement Platform, aid organizations can now disburse funds instantly in batch transactions for less than 1 cent per ~10,000 transactions. Recipients access funds via digital wallets without needing bank accounts, receive stablecoins like USDC to protect against currency devaluation, and can cash out globally through networks like MoneyGram. The approach provides transparency through public ledger traceability, portability for displaced populations, and allows organizations to direct more funds directly to recipients for food, shelter, medicine, and education.

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The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar ne…

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