Bittime - Two years ago, Stellar Aid Assist was launched as the world's first aid delivery solution. The program ensures that cash assistance is delivered directly to recipients quickly, efficiently and securely, while providing a complete value transfer trail and high accountability.
UNHCR's use of Stellar Aid Assist
UNHCR, the UN Refugee Agency, has successfully implemented Stellar Aid Assist to deliver critical humanitarian aid in Ukraine. This direct cash assistance helps cover basic needs such as rent, food, medical care and heating during the winter.
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XLM and UNHCR: 2,500 Ukrainians Receive Assistance
Since its launch, UNHCR has successfully distributed $4.6 million (around Rp74.592 billion) in aid to around 2,500 households in Ukraine through Stellar Aid Assist.
This programme complements a broader cash assistance programme to support people displaced and affected by the war in Ukraine.
Successful in Ukraine, Stellar Aid Assist Targets Argentina
With the success of Stellar Aid Assist in Ukraine, the program is now being expanded. In addition to Ukraine, the program will also reach Argentina, increasing the distribution of aid and grants to refugee entrepreneurs, while preserving value and reducing devaluation of the local currency.
Collaboration with AidEx Geneva: Increasing Transparency
AidEx Geneva is a platform focused on innovation in humanitarian and development aid. Through collaboration with AidEx, Stellar Aid Assist seeks to increase efficiency and transparency in aid delivery.
The event brought together various stakeholders, including non-governmental organizations, government agencies, and the private sector, to share knowledge and best practices in aid distribution.
With the support of AidEx, Stellar Aid Assist can expand its reach and increase its positive impact in various countries. The collaboration also aims to integrate blockchain technology into the global aid system, ensuring that aid reaches those in need in a faster and safer way.
Stellar and Blockchain Innovation in Aid Distribution
The project is part of a larger initiative, which leverages a variety of financial technologies, including the Stellar blockchain, to enable fast, efficient and transparent aid distribution, while ensuring full accountability and seamless access to the global financial system.
Real World Impact: Stellar Onchain Effect
Stellar Aid Assist has the potential to be the foundation for future financial innovation in cash assistance and donation programs, with the opportunity to develop a global ecosystem of digital wallets and cash in/out channels that serve multiple contexts and geographies.
Blockchain technology is helping aid organizations distribute aid faster and at lower costs, so more money goes directly to people in need. Some of these were also highlighted at this year’s event.
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Aid Assist: The Pride of the Stellar Development Foundation Team
The Stellar Development Foundation is proud that this innovative solution is built on Stellar and hopes that more organizations will adopt Stellar Aid Assist as a solution to quickly get aid to those in need.
The onchain effect of aid distribution is another powerful example of how blockchain can have a positive impact in the real world.
FAQ
1. What is Stellar Aid Assist and how does it work?
Stellar Aid Assist is an aid distribution solution that uses Stellar blockchain technology to ensure that cash assistance is delivered directly to recipients quickly, efficiently, and securely. The program provides a complete value transfer trail, ensuring accountability and transparency in aid distribution.
2. How does UNHCR use Stellar Aid Assist in aid distribution?
UNHCR is using Stellar Aid Assist to deliver humanitarian assistance in Ukraine, providing direct cash assistance to around 2,500 households. This assistance helps cover basic needs such as rent, food, medical care and heating during the winter, totaling $4.6 million.
3. What is the role of AidEx Geneva in the Stellar Aid Assist program?
AidEx Geneva serves as a platform that supports innovation in humanitarian aid. Through collaboration with AidEx, Stellar Aid Assist can increase efficiency and transparency in aid distribution, and expand its reach to other countries. The collaboration also aims to integrate blockchain technology into the global aid system, ensuring aid reaches those in need faster and more securely.
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Reference
Stellar Website, Stellar Aid Assist , Accessed December 24, 2024
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