Project aim: Bring social and financial inclusion for these underserved and undocumented
What do you do?
There are currently over 2 billion people in the world without legal identity, which poses as obstacle against access to social and financial services that many of us take for granted. AID:TECH is a for-profit company with a social mission and we do so by focusing on the delivery of digital entitlements, such as welfare, aid and remittance based on digital identity.
A digital identity offers end-users with the ability to build social and financial footprint as an accessible means to redeem and purchases entitlements. AID:Tech´s solutions offers a transparent, reliable and streamlined alternative to existing offering that are outplaced by current demands.
Every activity is permanently recorded, transparently and trackable. It allows our client partners complete control and transparency over their own supply chain. For instance, aid and welfare providers gain a clear view of resource journeys, from allocation to delivery, to point of expenditure by end-user. Shot-term benefits include service accessibility through intelligent distribution, whilst long-term benefits see end-users independently building their path to greater inclusion with control over their personal data.
Who are your clients?
AID:Tech is unique with first-mover advantage. In the last two years, we have developed close working partnership with organisation including the International Federation of Red Cross and Red Crescent Societies (IFRC) and United Nations Development Programme (UNDP). We are also working with the World Bank and Rockefeller foundation to establish global standards for digital identity as key to global, equitable development. With an extensive and diverse professional network, AID:Tech is able to reach many different service providers who are keen to improve their offerings using innovative technology such as ours.
What is going to happen in the future?
We are currently in the process of launching and international remittance project alongside UNDP Serbia which will see this service made available to users from 22 countries. In early 2018, the AID:Tech platform will be deployed for social welfare distribution in Jordan for over 10.000 beneficiaries.
It is a great honour for AID:Tech to be recognised for the work that we are doing. Since day one we have sought to bring social and financial inclusion to the world´s undocumented and underserved ppulations via blockchain based Digital Identity. Being part of the European Final will no doubt further AID:Tech towards our goal. Joseph Thompson AID:Tech´s CEO