Ministry of Foreign Affairs – Hack the Future of Development Aid, Blockchain in Development

In collaboration with think tank Sustainia and cryptocurrency platform Coinify, the Danish Ministry of Foreign Affairs has released their report on how to hack the future of development aid in terms of blockchain technology.

The report concludes that there are huge opportunities in terms of blockchain technology within development cooperation and humanitarian aid, among others by using cryptocurrencies and digitalizing contracts and rights, such that development happens in a new and hopefully more effective way.

Bringing a farewell to paper contracts and slow transactions in developing countries might be the future with the use of blockchain technology.

Read more about this and several other interesting findings in the report here