UnBlocked Cash by Oxfam | PositiveBlockchain.io

Short Description

  • A blockchain-based Cash & Voucher Assistance (CVA) solution that enables much faster, less expensive, and more transparent financial aid for relief efforts is being scaled across the world, starting in the Pacific nation of Vanuatu.

Long Description

Scaling the project across the Pacific

A year after its groundbreaking pilot, Oxfam in Vanuatu, together with 17 local and international partners, is scaling its blockchain-based UnBlocked Cash project to distribute cash and voucher assistance to over 35,000 beneficiaries affected by the Category 5 Cyclone Harold and COVID-19.

Vanuatu Pilot 2019

“During the UnBlocked Cash pilot, Oxfam in partnership with Sempo and ConsenSys distributed 966,443 Vanuatu Vatu (VUV) or
11,896.91 Australian Dollars (AUD) to 187 heads of households and 29 vendors, which was estimated to have directly benefited some 1,209 individuals in two urban communities in one of the world’s most at-risk countries.

Over the course of a month, Oxfam and its partners were able to successfully deliver a first-of-its-kind Distributed Ledger
Technology (DLT) based solution employing the Dai (DAI) stablecoin. Additionally, the system piloted in Vanuatu saw the successful deployment of a novel near-field communication (NFC) card, which in tandem with a ‘side-channel’ developed by Sempo, allowed the system to cope with poor internet connectivity while ensuring double-spends were impossible despite offline transactions.

Oxfam set out to determine whether DLTs can reduce the cost and transaction time of cash and voucher assistance (CVA), while improving transparency, security, and overall user experience (UX) within the urban context of Port Vila, Republic of Vanuatu.

With the support of Sempo, the UnBlocked Cash pilot has shown modest cost-savings and significant time-savings related to
operational activities. Onboarding recipients to the platform was reduced to an average of 3.6 minutes per individual compared to over an hour during the Ambae volcano response in 2018. Additionally, the tested system eliminated slow identity (ID) verifications and reduced dependency on post offices or banks to deposit cheques.

The quality of the tested solution, which encompassed transparency, security, and user experience indicators, was found to be
extremely high. Recipient and vendor feedback alike indicates an overwhelming preference for assistance of this type.

1 Review for UnBlocked Cash by Oxfam

Maciej

1 Reviews

Big potential for humanitarian & development sector

5/ 5

This pilot project has shown that blockchain technologies can save costs and a lot of time when delivering aid. It is the first known instance of a stablecoin being used to facilitate the Cash & Voucher Assitance program (arguably the most favorable means of delivering aid globally). We are looking forward to seeing the results of the larger pilot. The project has been highlighted in our study of Community Currencies: https://positiveblockchain.io/database/unblocked-cash/

Was this review ...?

Rate us and Write a Review

Your Rating for this listing

angry
crying
sleeping
smily
cool
Browse

Your review is recommended to be at least 140 characters long

You agree & accept our Terms & Conditions for posting this review?

Additional Details

  • Number of users:35,000
  • Number of beneficiaries impacted: 10 000 - 100 000
  • Blockchain Technology:Ethereum, Ethereum
  • Use of blockchain:Payments and Money Transfers , Smart Contracting, Payments and Money Transfers , Smart Contracting
  • SDG#:1, 2, 8, 17, 1, 2, 8, 17
  • Whitepaper:Read on website
  • Other links:www.theguardian.com
  • Sponsors & Partners:Oxfam, Australian Aid, New Zealand Aid, EU Horizon 2020
  • Stage: Live or in Production
  • Organization Type:Partnership, Non-Profit, Partnership, Non-Profit
  • Number of beneficiaries impacted: 10 000 - 100 000
  • Blockchain Technology:Ethereum, Ethereum
  • Use of blockchain:Payments and Money Transfers , Smart Contracting, Payments and Money Transfers , Smart Contracting
  • SDG#:1, 2, 8, 17, 1, 2, 8, 17
  • Whitepaper:http://www.cashlearning.org/downloads/user-submitted-resources/2019/11/1573779973.OXF050%20UnBlocked%20Cash%20Research%20Report%20WEB.pdf
  • Other links:https://www.theguardian.com/world/2020/nov/07/vanuatu-pioneers-digital-cash-as-disaster-relief
  • Sponsors & Partners:Oxfam, Australian Aid, New Zealand Aid, EU Horizon 2020
  • Stage: Live or in Production
  • Organization Type:Partnership, Non-Profit, Partnership, Non-Profit
  • Servicing area:Pacific, South America
  • Founders:Sandra Uwantege-Hart (Oxfam), Nick William (Sempo)
  • Female Founder:Yes
  • Impact-first:Yes
  • Creation Year:2019