Blockchain for humanitarian action and development aid

Abstract

Blockchain technology is swiftly entering the fields of humanitarian and development aid. While it has the potential to revolutionize the aid sector, e.g., through pairing smart contracts with forecast-based financing, it also has the potential to perpetuate societal problems and add new risks. This essay outlines the use cases of Blockchain technology for the humanitarian and development sectors and reflects on potentials and pitfalls that come with the adaptation of this new technology.