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UNHCR Gains Accolades for Using Blockchain to Help Displaced Ukrainians

March 31, 2023 at 11:20 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Last week, the UNHCR received an award at the Paris Blockchain Week for its pilot project that uses blockchain to distribute money to those affected or displaced by the Ukrainian war. This award honors blockchain-based initiatives that have had a significant positive social impact and recognizes UNHCR’s dedication to finding revolutionary ways to help refugees and internally displaced people.

Last year, the UNHCR successfully piloted the distribution of cash aid to persons displaced by the Ukrainian war using the stablecoin USD Coin, with money delivered into the recipient’s…

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