Transaction: Data Technology and Bribes

transaction: The transaction goes through and a day's rations are secured, according to The Toronto Star. The data technology that underpins virtual currencies like Bitcoin is now also used to deliver aid more efficiently by dramatically lowering the risk of bribes and fraud by local officials a huge, long-standing problem in the industry. The shopkeeper raises a black box to his face and scans the Syrian refugee's iris. The so-called blockchain keeps a record of all transactions and buyers, making sure recipients like Al-Eid get their goods without the added costs of graft or bank transfer fees. The UN's World Food Programme has been testing the use of blockchain technology since 2017 to manage aid for over 100,000 refugees in camps in Jordan, which hosts over 740,000 people from neighbouring countries like war-torn Syria. the associated press file photo It's a very easy process and it doesn't have any complications, Al-Eid says, before taking the food off to his family. And donors can track the use of their aid money, all the way to the refugee family it helps survive. (news.financializer.com). As reported in the news.