Oxfam Ireland secures EU funding for Blockchain project
Posted: 6 July, 2020
Oxfam Ireland is one of six organisations to secure funding under the European Innovation Council (EIC) Prize on Blockchains for Social Good. The call attracted 176 applications, with 80% of submissions coming from start-ups and SMEs. The purpose of the initiative is to identify scalable, deployable and high-impact blockchain solutions for societal challenges. The six beneficiaries will share a total fund of €5m.
The Oxfam Ireland project Aid & Philanthropy: the UnBlocked Cash Project OXBBU is a joint project with French startup Sempo and pioneers a decentralised model to address the global challenge of delivering international aid to disaster-affected women and men in ways that are more efficient, transparent and sustainable.
Maria Gabriel, Commissioner for Innovation Research, Culture, Education and Youth commented:
The proposed solutions show how blockchain can harness decentralisation for positive social change by supporting fair trade and circular economy, increasing transparency in production processes and quality information, improving accountability and contributing to financial inclusion. I hope that this award can help upscale these outstanding ideas and inspire many other innovators.