Emerging Impact announced last Thursday, October 7, through its Twitter account, together with Celo and Hope for Haiti they are working to support those affected by the recent earthquake in Sud.
“The Zeal Alliance for Prosperity, together with Emerging Impact, is very happy to share that Hope for Haiti, a humanitarian organization that works to improve the quality of life of Haitians – particularly women and children – will take advantage of technology. blockchain for the first time in its community health program. Hope for Haiti is also becoming a member of the Alliance, joining a coalition of more than 140 mission-aligned organizations focused on accelerating Celo’s mission of creating the conditions for financial prosperity for all”, he said through an article published on the Medium platform.
The company said that, with the support of the Alliance, Hope for Haiti is using Celo’s cUSD stablecoin to provide cash assistance to 150 mothers in its community nutrition program. Through Emerging Impact’s Umoja platform, which enables fintechs and aid organizations to deploy financial services technology in emerging markets on the Celo blockchain, Hope for Haiti will be able to register, disburse and monitor the pilot, all in One place.
At the same time, she indicated that both participating mothers and local merchants in Haiti can use the Umoja wallet to accept help and buy goods, all using cUSD. Merchants can even use the Umoja wallet to collect profits from their MonCash account, a mobile money provider based in Haiti. All transactions take place on the Celo blockchain, which provides a higher level of efficiency and transparency.
“Last month, a devastating 7.1 magnitude earthquake struck Haiti, killing 2,200 people and injuring 12,200 more. An estimated 650,000 people need assistance, which is made even more difficult by the destruction of roads, financial institutions and other key infrastructure. This humanitarian crisis further highlights how new digital models, such as the upcoming pilot, can accelerate recovery efforts and reduce friction that Hope for Haiti and other aid organizations often face when implementing traditional forms of aid delivery”, he explained.
In his view, Celo’s fully transparent blockchain technology and Umoja’s interface reduce these frictions by providing faster reconciliation and automatically recording transactions in real time. This allows payments to be settled instantly and provides real-time analytics, two key advantages compared to using traditional centralized systems. And because the process eliminates financial intermediaries, NGOs do not have to pay the high operating costs typically associated with cross-border transfers and payments. This means that more funds can be provided to those who need them most, especially in times of crisis.
“The projects with CARE USA, The Grameen Foundation and now, Hope for Haiti, are just the beginning. We hope that other NGOs and aid organizations will join us to take advantage of the benefits of blockchain technology to provide safe, transparent and more efficient humanitarian aid”, he said.