United Nations: “We could replace the services offered by banks with blockchain.”

The most exciting work we have done so far at Datarella was to build and set up a blockchain-based payment system for the United Nations’ World Food Programme (as described earlier here: Blockchain-based accounting and payment system ).

Now the UN is upping the stakes: “We felt we could replace the services offered by banks with blockchain.” so WFP director Robert Opp. This quote is directly connected with the Buildingblocks system that we developed for the world’s largest help organization.

The numbers are far exceeding what even we blockchain enthusiasts would have thought to be possible: 98% reduction in transaction costs and big increase in transparency by facilitating easy auditing.

The huge success of the Buildingblocks project motivates us to go one step further – this is why we build RAAY, a full scale blockchain platform to bring financial services to the billions of unbanked people of the world: https://raay.money/

Read more about our work in this nice article on Bloomberg.