The United Nations World Food Program is implementing blockchain technology through the product verification protocol of Devery (EVE) for the first time on a shipment intended to supply 1,500 children in North Africa.
The Devery business model was founded on three pain principals: Secure distribution, Supply Chain transparency and Counterfeit protection. The benefits of this service will cut major costs for high end consumer goods and cut out the need for physical “paper trails.” But the company is pushing these benefits to greater good as well.
Feeding the World
The United Nations World Food Program assists 80 million people in around 80 countries each year. The program has 5,000 trucks, 20 ships and 92 planes on the move, delivering food and other assistance to those in most need on a daily basis
Each year, it distributes approximately 12.6 billion rations at an estimated average cost per ration of US$ 0.31. This process could see increased efficiency by adopting pursuing blockchain technology through the verification protocol of Devery.
The Devery team was able to meet with the Tunisian Ministry of Education, to discuss the ultimate plan of providing secured shipments to over 400,000 children in 6,000 schools across Tunsania. The verification protocol reduces administrative work on the U.N.’s World Food Program donation side.
“This project is allowing us to explore how supporting innovation, through the introduction of solutions based on blockchain technology, can contribute to strengthening the effectiveness and efficiency of the Tunisian national school meals programme,” said Maria Lukyanova, the United Nations World Food Program Representative and Head of Country Office for the Republic of Tunisia.
Growing Applications of Blockchain Technology
Across the world, governments have been looking for ways to increase efficiency and cut costs. Blockchain technology seems to be losing its stigma of association with only cryptocurrencies, and countries are finding ways to utilize its capabilities in ways such as this, and others like voting.
More from Crypto
Bitcoin has long been praised by market participants to be the ultimate store of value (SOV) asset. The world's largest …