The ICRC is testing solutions to deliver aid via blockchain technology

According to The Block, the charitable organization International Committee of the Red Cross began working with Layer 1 blockchain Partisia earlier this year to develop a cryptocurrency alternative to cash donations. “utility tokens” whose value will be pegged to the value of assets in a manner similar to stablecoins. Vincent Graf Narbel, head of the Technology Center of the International Committee of the Red Cross's Data Protection Office, said that the supported assets have not yet been determined. Local currencies, US dollars and gold are all possible, and the International Committee of the Red Cross will be the sole issuer and redeemer of the token. return to the party. In addition, Partisia will also provide verifiability under privacy protection through multi-party computation (MPC) technology.