IR4LAB has completed a pilot project to track donations using Blockchain

IR4LAB has completed a pilot project to track donations using Blockchain

During this holy month of Ramadan, and as part of its social actions, IR4LAB, a Saudi-based company and one of MENA’s leading suppliers specialized in disruptive technologies such as Blockchain and Artificial Intelligence, has used Blockchain technology to track food parcels delivered to the recipient families, which provides an end-to-end traceability of the entire process.

Using DocCerts, the Blockchain solution for issuing, signing and verifying documents on the Blockchain, IR4LAB was able to generate a unique authenticity card for each package, a unique ID and QR code has then been assigned to the package, allowing the recipient to scan or enter the ID to verify the real-time details of the delivered package and its content from the source.

In fact, when the package is scanned or verified, an entry is added to the transaction history, which also enables confirmation of receipt in real time, this resulted in time savings usually required to report back to the donors in similar processes.

In addition, the system allows for an approval workflow, this is particularly useful in the case of a transaction involving many stakeholders, which is often the case as charity initiatives pass through multiple organizations, be they government entities, private or non-profit organizations.

Charity initiatives are an important cornerstone in society to strengthen the social fabric, promote local and international cooperation, but also improve the everyday life of many communities around the world. Nevertheless, they are vulnerable to fraud and abuse, which can negatively affect donors’ trust, which is why the role that a Blockchain-based traceability system can play is crucial in reducing these risks and adding a layer of transparency and trust.

See also  Russian Sberbank integrates blockchain with MetaMask

Majd Jamal Alafifi, co-founder and CEO of IR4LAB, said “This is a great example of using technologies like Blockchain for social good and we are happy to successfully complete this unique initiative in the region”.

Mohamed EL KANDRI Co-founder and CTO of IR4LAB added “We are very proud to be able to use solutions we have developed to help our communities in a meaningful way and we believe that new technologies can achieve even more in line with sustainable development goals not not only in the region, but across the globe”.

IR4LAB envisages working with stakeholders in the region and charities to further expand this pilot project and use new technologies as a lever to achieve social development goals.

-ends-

About IR4LAB

Saudi-based innovation-driven company specializing in disruptive technologies such as Blockchain and Artificial Intelligence. IR4LAB is Saudi Aramco’s first Blockchain technology investment in Saudi Arabia. IR4LAB is committed to increasing the adoption of advanced technology in Saudi Arabia and the world by implementing new business models or improving existing processes, especially building local capabilities that can greatly contribute to achieving the Saudi 2030 vision.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *