From the article:
Although Wall Street pundits and big bank proofs-of-concept often steal the bulk of the attention, they're not the only global groups with an interest in blockchain technology.
In fact, behind the scenes, the world's largest and most influential non-profits and multilateral organizations are turning to blockchain solutions as a way to improve social and economic outcomes in the developing world...
"Everyone is kind of in the same place in the development community: everyone wants to be on the cutting edge, but they’re making what can be life or death decisions in terms of aid distribution, so they have to get these things right,” said Michael Pisa, a policy fellow at the Center for Global Development.
The author of a soon-to-be-released research paper on how development organizations should be approaching blockchain, Pisa highlights the multiplicity of use cases for blockchain as a development tool.
These include how it could be applied to aid disbursement, international payments, digital identity and property rights, but he argues that a premature utilization of the technology could have adverse consequences.
Read full article here.
