The U.S. Agency for International Development (USAID) is set for a major overhaul. The agency will be rebranded as U.S. International Humanitarian Assistance and will fall directly under the Secretary of State’s authority. A key feature of this restructuring is the integration of blockchain technology into USAID’s procurement system. This move aims to enhance the security, transparency, and traceability of aid distributions. According to a memo circulating among State Department staff, all distributions will be secured and traced via blockchain. This approach is expected to encourage innovation and efficiency. The memo does not specify whether the blockchain will involve cryptocurrency or stablecoin usage, or if it will simply serve as a digital ledger. This initiative follows scrutiny from the Department of Government Efficiency (DOGE), which has previously advocated for blockchain technology to improve efficiency.
Decrypt
@DecryptMedia
·
9h Trump administration officials have reportedly crafted a proposal to overhaul U.S. foreign aid programs, with a section exploring how it could make use of blockchain technology to track aid distributions and increase accountability.
Decrypt
@DecryptMedia
·
11h Trump Aides Look To Reform USAID with Blockchain For ‘Transparency’: Report
► https://decrypt.co/311043/trump-aides-reform-usaid-blockchain-transparency?utm_source=twitter&utm_medium=social&utm_campaign=auto…
Alerts Via Web3
@AlertsViaWeb3
·
6h USAID may rebrand to IHA, integrating blockchain for aid. This aims to boost transparency and efficiency, potentially setting a precedent for global aid, even with challenges.
TylerD
@Tyler_Did_It
·
16h Just In: The Trump Admin wants to put USAID on the blockchain
According to a memo circulating the State Dept, the Trump admin:
– Wants to change USAID to US International Humanitarian Assistance program
– Place it under the Secretary of State
– Leverage the blockchain for
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
