Using the blockchain to monitor Covid-19 donations

Despite the hype surrounding the blockchain it has largely remained a peripheral technology. Adoption has been slow, particularly in countries where a culture of accountability is still lacking. Such countries, the majority of which are in Africa, still favour opaque and antiquated systems that inevitably lead to continued pillaging national of resources.

So while reports of donated materials or funds being misappropriated might come as a shock to those donating, it is business as usual for those accustomed to such abuses. Sadly such reports will leave some donors unsure if sending more aid is still a good idea.

Nevertheless, proponents of the technology now believe the crisis caused by the Covid-19 potentially presents an opportunity to show the world why the blockchain can be a solution to this and many other problems.

The article below discusses just how effective the blockchain can be in addressing the problem of abuse of donated money and medical equipment.

Billionaires lead donations

As the Covid-19 pandemic spread has grabbed everyone’s attention, rich countries and individuals have responded by donating money and materials to stop its further spread.

Jack Dorsey has headlined the list of rich businesspeople that are pledging large donations to this cause. Dorsey plans to donate close to a third of his holdings, worth almost a billion dollars, to fight Covid-19. Earlier this year, another billionaire, Jack Ma made good on his promise by delivering an assortment of materials to each country on the African continent.

There is no doubt