Topic: [ANN] AID:Tech - a Transparency Engine Protocol for the Decentralised Economy - page 12. (Read 4898 times)

Why not come and join the team's subreddit, you can become an early subscriber and get some early reading done.
As well as here on bitcointalk, Reddit is a great place for discussion around cryptocurrency.

Here is the link for the AID:Tech channel - https://www.reddit.com/r/AIDTech/

Aid:Tech are building a transparency engine protocol and at the core of the platform will be digital Identity, AID:Tech aims to equip clients and partners including governments, institutional funders and international NGOs, with the tools to provide digital legal identity, Legal Identity is demonstrated in certification of physical documents such as passport, drivers licence, birth certificates, Right to Work etc. While, these are often taken for granted in the developed world due to the ease of access and acquisition, this is only a case for 19/198 economies for provision of a unique ID at birth and continued use. This has resulted in 2.4 billion people without any form of ID, a majority of which are women and children in developing countries and resulting in a range of economic and humanitarian issues. For example:
•   Financial Services: Approximately 2 billion people have no access
•   Human Rights: No recognition as a citizen of any state
•   Civil Rights: No right to ownership over assets or property
•   Social Safety Net: No access to pensions, healthcare; or disability support
•   Economic Independence: No access to legitimate formal employment, mobility, capital; or loans.
•   Disaster Situations: Victims of natural disaster, conflict and displacement can have difficulty accessing help when they need it the most.

Aid:Tech wishes to embrace these 2.4billion people without legal identity in the form of digital identity!

Indeed. Transparency is one of the biggest selling points of blockchain.
AID.Tech is not only looking to ensure donors know what's going on with charitable donations.
They are also ensuring that needy can receive the help they need by providing a digital identity.

There might be billions of people without a proper keeping of their identity records; preventing them from receiving the welfare they need.
Read more about digital identity here --> https://static1.squarespace.com/static/5b35fc188f51300267a78d49/t/5b5f75108a922df6e4a7b73c/1532982735939/AIDTech+TGE+White+Paper+V1.1.pdf

And please, share with me your thoughts.

There really is no better solution then using blockchain to trace these donations. One of the biggest selling points of blockchain has always been transparency and traceability, and thus it has provided AID:Tech with a great way for everyone to know what's going on with their charitable donations.

This picture really explains the granularity of it all, in a simple fashion (from the use case page here: https://tge.aid.technology/use-cases/

When was the last time you donated money to a charity? First of all, can you reliably know which cause it went to? Did your donation or even a portion of your donation reach who it was intended to? What impact did it have for these people? If it didn’t go to helping these people where did it go? Some of these are questions that Aid:Tech's own Co-Founder, Joseph Thompson, experienced first-hand when he raised over $120k for an NGO in 2009, and could not find reliable, or any, information on where his donation had actually went. There is a complete lack of transparency and traceability of donations, and with recent controversies on top of this, it has resulted in trust in charities being at an all-time low. The overarching affect of this is on the end-beneficiary, who need the help the most.

Aid:Tech wants to solve this lack of transparency and traceability and have designed ‘TraceDonate’, utilising blockchain, and launching in the Summer of 2018 in conjunction with Irish Red Cross. ‘TraceDonate’ will allow individuals to donate directly to a group, appeal or peer-to-peer, direct to an individual. Not only can you donate directly, you can also reliably trace your donation from beginning to end and down to where the last cent (token) is spent. In addition to the Irish Red Cross; ‘TraceDonate’ is being utilised for a range of campaigns in Syria, Palestine, the US, Serbia and the Pacific Region.

For more on this and screens from ‘TraceDonate’, refer to page 19/20 of the whitepaper and https://www.tracedonate.com/

Aid:Tech also have a news channel so you can stay up to date with all the newest developments.

https://t.me/AIDTech_News

Hi there! The best way to contact the team directly about this would be via email or if you tag them in the Telegram channel, which can be found here: https://t.me/AIDTech

Hi, just noticed Sovrin/Indy mentioned in the white paper (v cool). If anyone on the team wants to chat, happy to discuss. We have a team in London who could easily engage

https://www.youtube.com/watch?v=MOaTL7g3YGI

🔹 What is AID:Tech

AID:Tech is a multi award winning company that has created a transparency engine protocol, using blockchain technology to solve some of the world's biggest problems. At the core of the AID:Tech platform is digital Identity. 2.4 bn people must have a legal identity by 2030. By leveraging blockchain, we are able to address fraud, corruption and inefficiencies in service delivery. AID:Tech aims to equip clients and partners including governments, institutional funders and international NGOs, with the tools to provide digital legal identity, easily deliver entitlements such as welfare, remittances, healthcare, aid and peer-to-peer donations.  In partnership with the Irish Red Cross, AID:Tech was the first company in the world to successfully deliver aid to Syrian refugees in Lebanon in 2015.  AID:Tech has won multiple awards such as Company of the Year for IBM, Citi, MasterCard, Islamic Development Bank, Dubai Government and the prestigious Gamechanger of the Year award presented at the International Monetary fund by Christine Lagarde. AID:Tech current clients and partners include governments such as Singapore, Ireland, Serbia and international NGO’s such as the Red Cross and the UN. Corporate partners include Citi, IBM, and MasterCard

https://tge.aid.technology/

https://tge.aid.technology/chinese - Check out the Chinese version of the site


Where do you see the  Aid:Tech transparency engine protocol bringing transparency and efficiencies most?

For news on AID:Tech, check this out: https://t.me/AIDTech_News

Cisco recently posted on Blockchain and aid, specifically referring to AID:Tech's partnership with the Red Cross! Check it out: https://twitter.com/cisco/status/1026498139639955459?s=21

Remittances are just one of the issues that Aid:Tech is attempting to tackle inefficiencies and transparency in. Remittances are an essential crutch to developing countries, allowing family members, who can work, to travel to other countries and earn a wage, sending that to their family at home to help with essential needs whether that be food, healthcare etc.

In 2017, the average fee for a global remittance was 7.45%, however, if we compare this to the fee rate of a remittance from S.Africa, in Q1 2018, the cost was on average 17%, that is an incredible 135% higher than the average global remittance fee from last year. So, despite the fact that these are generally the people that need it the most, they end up paying the highest fees.

Aid:Tech has developed a remittance solution allowing a remitter to send digital assets and determine exactly where and how that remittance is spent, for example it will be possible to send digital representation of a household utility to another user, it will be possible to only use this digital asset for what it is intended. Through integration with Stripe and their API, it also enables the use of credit and debit card payments, reducing non-cash-based remittance costs.0

Aid:Tech remittance solution is due to launch in Serbia and has been partly funded by the Rockefeller Foundation. Following successful completion of the pilot, Aid:Tech’s aim is to achieve target 10.c of the UN’s SDGs, to push global remittance fees below 3% in a market that is worth $600bln per year and will only continue to increase with global migration also increasing.

HI there! With regards to the different usages of AID:Tech, the platform will be ueful in tracking peer to peer donations, managing welfare, aid and lastly remittances.

With regards to your question about licensing, any usage case mentioned above is available for licensing/partnership, and several of these have already seen partnerships, such as AID:Tech's partnership with Saint Vincent de Paul for welfare delivery.

You can find out more information about it on our whitepaper in case you haven't already gone through it
https://goo.gl/5d9NtS

ADI is a technology platform that provides digital identity protection for users. At the same time, it creates transparency that contributes to reducing fraud. I want to learn about the areas where ADI licensing? What are the new ADI applications and services?

The TaaST (Transparency as a service) token will have many future utilities. The tokens will will be used in digital identity, certification, verification, attestation storage, remittance and donation transaction fees. Voting for the distribution of funds will also be based on majority ownership, so token holders will have the ability to decide where aid funds are directed.

Come join the Aid:Tech telegram to join the discussion: https://t.me/AIDTech

The hub for AID:Tech support and discussion is, of course, the Telegram channel: https://t.me/AIDTech

#SDG target 10.C aims to bring #remittance fees below 3%. Partnering with the brilliant @UNDPSerbia team & leveraging #blockhain, we at @aidtechnology are making that dream a reality. The global average remittance fee is 7.45% in a $600 bn market - #blockhain will change this.
https://twitter.com/JosephThompson/status/1026644030317371392

Have you read through the whitepaper --> https://goo.gl/5d9NtS
What are your thoughts on our TAAST (Transparency As A Service Token)?
Share it here.

Check out this nice tweet and article from Cisco featuring AID:Tech and their partnership with Red Cross: https://twitter.com/cisco/status/1026498139639955459

Read our whitepaper here guys.
And let the community know what you think!
https://static1.squarespace.com/static/5b35fc188f51300267a78d49/t/5b5f75108a922df6e4a7b73c/1532982735939/AIDTech+TGE+White+Paper+V1.1.pdf