The United Nation’s World Food Programme (WFP) is testing the use of Blockchain technology for cash transfers in Pakistan.
In a pilot project in interior Sindh it is employing the alt-coin Ethereum’s Blockchain to bring transparency to cash based money transfers in a relatively underdeveloped part of the country:
By storing data in blocks which are immutable and secure, and with multiple actors holding copies, the risk of fraud, theft or manipulation is reduced to near zero. Furthermore, its peer-to-peer nature removes the need for third party verification from costly intermediaries such as banks or other institutions.
The pilot project started in January and an expanded version of it is being tested now.