The United States releases new crypto bill
The United States House Financial Services Committee has released the third draft of a stablecoin bill for crypto regulation.
As is often in the news, innovative technology has the potential to harness positive development or negative exploitation. It’s always uplifting to see companies opt for the more virtuous path, especially when this is in a direction which will see help given to those need it the most.
As part of a new initiative, Devery.io has teamed up with the Tunisian Ministry of Education to employ a tracking system based on blockchain technology for its school meals programme.
The company, a startup based on blockchain technology focused on supply chain tracking, will be working with the United Nations World Food Programme in seeking to improve the project’s systems to track the delivery and quality of meals.
Under the Tunisian government, an operation is in place to offer one fresh meal a day to underprivileged children in the primary and secondary schools. With Devery, the country’s Ministry of Education is hoping to make this more efficient and strengthen the system by incorporating the use of blockchain technology.
The initiative will include an initial roll out to a strategy which feeds 1,500 children in primary schools and, once successfully tested, is aiming to expand the use of the technology to the feeding scheme providing aid to 400,000 school children in Tunisia.
Devery will be giving technical counsel which will build, train and utilize an open and more accountable system in order to track the meal deliveries. This will also be able to highlight any issues and send details directly to the Ministry in real time.
Andrew Rasheed, founder and CEO of the startup is excited about the initiative and says the blockchain technology “has the potential to impact billions of people through bridging the gap between the physical and digital world.” Rasheed is hoping that this will be able to offer “the safe delivery of the food to children via blockchain technology” and that they “truly believe [this] will impact the lives of many to come.”
The World Food Programme is not unfamiliar with blockchain and cryptocurrency and has teamed up with startups in the past. They are hoping that this project will be able to spark something bigger and expect to use the technology developed to assist with the efficient and safe delivery of food in other missions globally.