Oxfam Pacific Cash Brings Blockchain Based Payments to Disaster Zones
Oxfam Pacific Cash and Livelihood targeting communities in the shadow of Efate Island's volcano, was designed to reduce the time it takes for financial aid to reach these areas.
A new Oxfam-led pliot has opened the door for blockchain and e-payments technology to make their way into disaster zones, in a project the federal government funded with $300,000.
The grants, made through the Department of Foreign Affairs and Trade, are aimed at helping the charity and its corporate partner Sempo roll out the pilot program across disaster-torn areas of Vanuatu.
Oxfam Pacific Cash and Livelihood head Sandra Hart said the program, which targeted communities in the shadow of Efate Island's volcano, was designed to reduce the time it takes for financial aid to reach these areas.
"The technology has reduced the time it takes for us to help out those affected by natural disasters and close the financial inclusion gap in Vanuatu," Ms Hart told The Australian Financial Review.
The program saw contactless payment cards rolled out across these communities, with a mobile phone app designed to process these payments installed at local vendors.