Humanitarian organizations increasingly explore alternative sources of donation and solutions that contribute to WFP's mission to save and change lives.
Project overview
Food For Crisis raises, tracks and traces donor funds, utilizing Web3 technologies to drive innovation addressing the worsening global hunger crisis.
The challenge
The solution
The WFP Innovation Accelerator partnered with the Global Blockchain Business Council (GBBC) to attract additional funds from new donors reached by GBBC. The goal is to create a US$1 billion fund. The funds raised will be destined for emergency needs and to develop innovative and sustainable solutions to help disrupt global hunger. The technical solution includes the development of a more efficient, trustable and transparent cash-based assistance process using Web2 and Web3 tools.
"It is a great honor and privilege for GBBC to partner with Nobel Peace Prize winner WFP on Food for Crisis. We believe technology tools including blockchain and digital assets can be utilized to serve the most vulnerable people and accelerate solutions to some of humanity's most pressing and large-scale problems: acute hunger and malnutrition. We can achieve SDG 2, zero hunger, together."
Sandra Ro, CEO, GBBC
Impact
In 2023,
- The team signed a Memorandum of Understanding with GBBC formalizing the Food for Crisis initiative.
- Food for Crisis was announced at the World Economic Forum in Davos and at the UN General Assembly in New York, launching the initiative alongside our external partners.
Food for Crisis defined external technical supporters to carry out its first pilot.
In 2024, Food for Crisis is developing a proof-of-concept with Aidonic in Peru and actively engaging with additional donors to launch its first pilot.
Last updated:
15/10/2024