This article was first published on OmiseGO Network - Medium
‘Phase 1 Findings: Stateless Payments for Stateless People’
You may recall that in March this year, OmiseGO, together with Ethereum Founder Vitalik Buterin, donated the equivalent of $1 million USD tokens to GiveDirectly, to facilitate the transfer of currency directly to people living in extreme poverty. The project that OmiseGO funded is specifically focused on enabling research into the impacts of direct giving to refugee populations.
With Phase 1 of the project to deliver large, unconditional transfer of cash to refugees complete, we’re able to draw insights from the research and field work of GiveDirectly to enable our mission to facilitate disintermediation and provide access to financial networks to unbanked populations.
Phase 1 of the project was an operational pilot to test the feasibility of delivering large, unconditional cash transfers to refugees in Uganda and gather illustrative evidence of user behavior and impact. This initial pilot is being used to inform a follow-on proof-of-concept in Rwanda and a large-scale third-party evaluation in Uganda, which will deliver cash to an entire refugee settlement (10,000+ households) and produce rigorous quantitative evidence on the social and economic impacts.
What sets this project apart is the provision of contextually large, unconditional, one-time direct transfers. The effectiveness of this methodology when compared to other humanitarian aid approaches is proven. For example, it was found in one study that 70% of Syrian refugees elected to receive aid in unrestricted cash over food vouchers.
GiveDirectly distributed $660USD each to 4,371 refugee and host households in Uganda, roughly equivalent to one year’s worth of World Food Programme rations. Funds were disbursed to local host communities as well as refugees.
Pilot Project Findings
GiveDirectly’s findings from the first phase of the pilot ...
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OmiseGO Network - Medium