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The United States Agency for International Development is leveraging blockchain technology to track fund flows and enhance funding transparency.

7 days ago

On March 21st, as per The Block, the U.S. Agency for International Development (USAID) might adopt blockchain technology to monitor fund flows as a part of a more transparent procurement procedure. This proposal was put forward by officials within the Trump administration with the intention of reforming and rebranding the agency. According to Politico, a document circulating within the U.S. State Department, which was obtained and claimed by Politico, mentions in a section dedicated to creating a "modern, performance-based procurement" process that "all fund allocations will be securely stored and tracked via blockchain technology to notably enhance security, transparency, and traceability." However, it is currently uncertain how the system will operate specifically, and it is also unclear which kind of blockchain technology will be employed - whether it is a public chain, a private chain, or a hybrid model.
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