What problem are you trying to solve?
There are currently 2.4 billion people in the world living without a legal identity, over 2 billion people without a bank account. Whilst many of those who are equipped with some form of legal identity continue to be prevented from accessing services that many of us take for granted. Without access, genuinely positive impact is impeded in terms of both micro and macro social and economic development. Current offerings which make access to services available to an extent are limited by their capacity to meet demands – often infrastructure is either unavailable or has been long outpaced by obstacles including geographic, cultural and political conditions. The UN published a series of Sustainable Development Goals in 2015, including Target 16.9, which aims to provide legal identity to all by 2030. Working with international NGOs, development banks and governments, AID:Tech’s goal is to make access available by targeting vulnerable social groups and whoever in need.
What is your solution to this problem?
AID:Tech was the first company in the world to deliver international aid to Syrian Refugees in Lebanon using Blockchain technology. We provide both a Digital Identity solution and services that deliver digital entitlements. Our platform answers to the needs of end-users, service providers and stakeholders. Using identity as a basis, we equip our client partners with tools surrounding identity verification and the delivery of services, such as remittances aid and welfare as our identity also acts as ‘wallets’. Our services can also be plugged into existing identity systems. AID:Tech’s solutions are underpinned by Blockchain technology, which offers thorough clarity over the identity and asset delivery supply chain – with this innovation at our core, we aim to make transparency integral to AID:Tech’s implementation. Not only will transparency enforce accountability, it also makes generation and management of structured data feasible in a bureaucratically effective manner.
Why are you going to win The Spindle Award for Best Innovation?
AID:Tech utilises Blockchain technology in a whole new approach to tackle some of the world’s most entrenched social issues. Currently, there is no other application that has generated as impactful results as ours. AID:Tech is unique with first-to-market advantage and has established ourselves as a leader in the market within two years of launch. Our partners now include UNDP, Expo 202 Dubai, Walmart, the Rockefeller Foundation and governments of Serbia, Armenia amongst several others.