“Globalvoice is testing a fully-developed secured means of aid distribution, allowing organisations to distribute values/tokens directly to the end user. The market potential is significant, according to OECD data USD 176 billion was total net disbursement in 2016 as Official Development Assistance (ODA)”

Key Points:

  • The distribution is based upon an app and a back office system in a closed loop where the end user/beneficiary receives the token through an app. The token received can be used for goods and services at approved vendors. The vendors can thereafter redeem the token at the issuer/Globalvoice to ensure aid is not being misappropriated
  • The technology will increase the efficiency of aid distribution significantly. As of today only a fraction of aid funds are reaching the beneficiaries. Some reports are indicating that as little as only 20% of the distributed funds reach the end users