Note from the CEO: An excellent use of technology for a big problem. We all know the migrant situation (especially in Europe) and a new start up has a great use for the blockchain to be applied to smooth their reception. AID:Tech has an intelligent voucher and digital ID solution for the refugee crisis. Now, can the governments actually grasp the new technology?
“The 2016 European Social Innovation Competition focuses on social innovation for refugees and migrants, as the world is facing an unprecedented displacement crisis. More than 65 million people are now forcibly displaced as a result of violent conflicts and natural disasters…….
This years theme is “Integrated Futures,” and called for innovative products, technologies, services and models that can support the integration of refugees and migrants. There were 1095 applications from 36 countries across Europe. Three winners will be announced at the Awards Ceremony in Brussels on October 27, and each winner will receive €50,000.
Among the ten finalists recently announced by the EC is a blockchain startup called AID:Tech. The company’s entry, ‘Financial Democratization for Refugees and Migrants,’ outlines an intelligent voucher and digital ID solution for the refugee crisis.
The system stores a digital record of a person’s ID on a smart card, along with an array of additional information such as electronic cash, social welfare entitlements and dental/health records. ‘The system facilitates the integration of refugees by making it quick and easy for them to prove their identity and not get caught up in the asylum process,” states AID:Tech.'”