In 2016, the blockchain was recognized as one of the top 10 emerging technologies by the World Economic Forum. The potential of the blockchain and distributed ledger technology (hereinafter “DLT”) to deliver benefits is significant. DLT’s ability to remove the need for entrenched third-party intermediaries has huge disruptive potential. By replacing the traditional trusted intermediary with a new type of entity -- a peer-to-peer distributed network – DLT is poised to revolutionize a number of industries, from finance, to legal, to insurance. To the extent that international NGOs function as guarantors of trust – trust that the funds donated will be used for an appropriate purpose, trust that the aid has been given to the right beneficiaries, trust that the development work that was contracted for was done on time and as specified – then NGOs too are poised for disruption.
Join Ric Shreves of Mercy Corps for a look at how blockchain and distributed ledger technology will impact the relief and development sector. Ric is the author of a recent Mercy Corps Whitepaper on DLT. You can download the full paper here: https://www.mercycorps.org/research-resources/revolution-trust-distributed-ledger-technology-relief-development
