The Trump administration plans to restructure the United States Agency for International Development, including a name change and incorporating blockchain technology into procurement processes.
Restructuring Memo
A leaked memo, first obtained by Politico, outlines the Trump administration's plans to rename USAID to the U.S. International Humanitarian Assistance (IHA) and integrate blockchain technology into its procurement processes.
Blockchain Integration Plans
The initiative aims to enhance efficiency and innovation in aid distribution, transitioning from traditional methods to impact-driven programming with increased transparency and fraud prevention. Blockchain technology will improve tracking and accountability of distributions.
Global Blockchain Initiatives
This move aligns with a broader trend towards utilizing blockchain for humanitarian purposes. In 2022, UNHCR successfully piloted a stablecoin program for displaced Ukrainians, and similar initiatives have been launched by Red Cross in Kenya and Singapore.
The plans by the Trump administration to integrate blockchain technology into USAID could significantly transform aid distribution processes, providing greater transparency and efficiency.
