Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»UNHCR uses blockchain and Cardano to improve refugee support system
EXCHANGE NEWS

UNHCR uses blockchain and Cardano to improve refugee support system

By Crypto FlexsJanuary 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
UNHCR uses blockchain and Cardano to improve refugee support system
Share
Facebook Twitter LinkedIn Pinterest Email

The United Nations High Commissioner for Refugees (UNHCR) is embracing blockchain technology and zero-knowledge proofs to strengthen its mission around the world. According to UNHCR Finance Minister Carmen Hett, the technology is well-suited to help the organization streamline aid delivery while protecting the sensitive data of more than 114 million refugees.

Hett said this while speaking at a panel discussion held in Switzerland as part of Decentral House. The event brought together web3 experts from organizations such as Cardano, the United Nations, and the World Trade Organization (WTO) to discuss the latest developments in the ecosystem.

UNHCR has already been using blockchain technology for almost a year, announcing the launch of its first blockchain-based payment solution in December 2022. According to Hett, the move was met with skepticism both inside and outside the agency, but was quickly accepted. It was approved after the first implementation was successful.

Fast and free support via cryptocurrency

One way the UN agency is using blockchain to accomplish its mission is by implementing a Cardano-based solution to provide crowdfunding and distribute aid to millions of refugees around the world. Digital wallets make it easy for both donors and refugees to donate and receive support from anywhere in the world, while a distributed ledger helps maintain 100% transparency at all times.

UNHCR programs also build digital literacy and give refugees more control over their finances. This was one of the main challenges when first implementing the program, as blockchain-based solutions tend to be highly technical and not easily accessible.

But Hett and his team quickly realized that the freedom and increased efficiency of the new system was enough to generate the engagement needed to get the program running. Now, as UNHCR “scales up” its program, other agencies can take action and implement similar solutions.

Funding through cryptocurrency staking

In an effort to boost blockchain fundraising, UNHCR launched a staking pool where the public can delegate cryptocurrency funds to support its operations. Dubbed “Blockchain for Refugees,” the project operates in a similar way to other Cardano staking pools, with one key difference: all rewards go to UNHCR.

This approach allows all ADA (Cardano coin) holders to passively support the UNHCR mission while also contributing to the efficiency and security of the network. As a result, the funds raised are used for UNHCR’s field operations (80%) and the Innovation Fund (20%).

Cardano allows ADA holders to retain control of their assets while staked, enabling them to support agencies without losing underwriting power. Additionally, contributors can withdraw their funds at any time without paying a penalty, making this new form of staking an innovative approach that could make a significant difference.

Why Cardano?

As Cardano digital identities and payments become more common, UNHCR is using them to better protect refugee data. Hett said the agency is exploring zero-knowledge proofs and other privacy-preserving technologies “to ensure that the identities of those at risk are in fact safe and secure.”

According to UNHCR, Cardano was chosen to collaborate on the project because of its “highly engaged” community and unique staking mechanism. Since the launch of the project, the agency has also worked with Cardano-based projects such as TURF NFT and NMKR, Fabio Giampietro and Valuart, Goat Tribe, etc.

By starting small but expanding impactfully, UNHCR is creating a blueprint for blockchain to further empower and provide self-determination experiences for refugees around the world. Indeed, with cryptocurrencies and blockchain already proving to be valuable resources for global philanthropy, the model being piloted by UNHCR and Cardano could spur further adoption by humanitarian organizations.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum price could spark a new uptrend above $1,550.

July 24, 2026

Bitcoin price is hovering above $60,000 as traders seek direction.

July 21, 2026

The next chapter for XRP price could be a strong move to the upside

July 18, 2026
Add A Comment

Comments are closed.

Recent Posts

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion

October 5, 2026

CryptoDirectories Press Launches Free AI Press Release Generator for Businesses and Crypto Projects

October 4, 2026

Lowest Fee Bitcoin ATMs Announces Launch of More Than 400 ATMs Nationwide

October 1, 2026

Multiple DeFi Positions Disappeared Tracking Protocol

October 1, 2026

Tria Launches Native XRP Ledger Support Across Wallet, Card and Trading

September 30, 2026

MC Prime Fortifies Institutional Compliance and Mobile Infrastructure to Optimize Global Trading Accessibility

September 30, 2026

Bitcoin Faces $82K Support Test Amid Rising Yields and Inflation Fears

September 30, 2026

Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX

September 29, 2026

Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics

September 29, 2026

MEXC Unveils “WE SEE YOU” Brand Visual Refresh, Putting People Behind Every Trade in Focus

September 29, 2026

Bybit Completes SOC 2 Type II Audit, Strengthening Security and Compliance Assurance

September 29, 2026

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 6.02 Million Tokens, and Total Crypto and Total Cash & Marketable Securities Holdings of $17.4 Billion

October 5, 2026

CryptoDirectories Press Launches Free AI Press Release Generator for Businesses and Crypto Projects

October 4, 2026

Lowest Fee Bitcoin ATMs Announces Launch of More Than 400 ATMs Nationwide

October 1, 2026
Most Popular

Bitcoin Price is sold after Trump’s US-HINA tariff transaction.

May 12, 2025

Bitcoin ‘Suffering from Short Buying Pressure’ as $62,000 BTC Price Wall Pressures

August 22, 2024

Historical Perspective on Bitcoin Price

February 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2026 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.