Well, these individuals are none other than the Syrian refugees living in Jordan getting their food with the aid of World Food Programme (WFP), food assistance branch of the United Nations. The “iris scan & some technological thing“ actually points to Blockchain Technology. Their payments are settled using the cash they are entitled to in the form of digital money by WFP. This approach is quite different from any traditional method which involves physical food supply chains or third parties like banks, Now the question arises:
WHAT + WHY :BLOCKCHAIN TECHNOLOGY?
Blockchain technology can be simply defined as a ledger keeping records intensely linked and secured using cryptography. This contains building blocks in which all the transactions are recorded and copied over many nodes, making it difficult to edit or alter without the committee’s permission.
Its use is quite economical. Yes, this technology saves approximately 1.5 – 3% per refugee which usually goes as a bank fee because now there is no third party in between. The refugees pay through the digital wallet allotted to them directly by WFP. This saving adds up and is capable of feeding thousands of hungry people. In addition to this, it is very transparent as it eliminates any possibility of middle-men processing. Jordan refugee camps running on blockchain mark a success of this experiment done by WFP.
Blockchain, which was formerly linked to Bitcoin and the tech world is actively helping to tackle social causes like hunger. This should be seen as a mini-revolution in the betterment of society. Blockchain may solve “unsolved” problems as researchers say and we believe!