03 Dec 2022
Blockchain technology for conflict zones is an area of focus for Partisia and the Red Cross
Partisia and the International Committee of the Red Cross are presenting a prototype blockchain-based system to show how the technology can be used in conflict zones, where a high level of privacy and data protection is necessary.
Blockchain applications in war zones
In more than 90 countries, the ICRC provides humanitarian aid to people at risk due to armed conflict and violence.
Partisia Blockchain, which is being developed in tandem with the ICRC, is an advanced multi-party computing platform that will be combined with the benefits of public blockchains to create a stablecoin that will pilot an innovative method of aiding victims of armed conflict and violence.
A hackathon was launched on the first of December and will run until the third, with $1 million allocated for grants and prizes until the end of 2023 to raise awareness of the technology. On Friday, December 2nd, Businesswire broke the story.
A partnership between Partisia and the International Committee of the Red Cross to Transform Blockchain
Partisia Blockchain is a decentralized, permissionless, multi-party computing solution, and its partnership with the International Committee of the Red Cross (ICRC) is an excellent use case for this.
Partisia's hackathon, which gives out several large grants to the top projects, was heavily influenced by this model, which was first discussed at TOKEN2049 in Singapore. Partisia Blockchain is the first fully functional blockchain that also supports secure Multi-Party Computation (MPC), allowing users to take advantage of the advantages of distributed ledgers without sacrificing their privacy or security.
The team consists of several prominent figures in their respective fields, including top-tier developers and entrepreneurs like Ivan Damgard and Jesper Buus Nielsen.
Professionals such as Professor Ivan Damgrd, Chief Cryptographer at Partisia.com; Kurt Nielsen, Co-Founder and President of the Foundation Council; and Peter Frandsen, Co-Founder, CTO, and Member of the Foundation Council, will preside over the event. In addition to the founder and president of the Foundation Council, Brian Gallagher, Jesper Balman Graavgard, and Claudio Orlandi, the associate professor, and chief cryptographic protocol designer at Partisia.com, will serve as judges for the event.
“We are very excited to begin applying Partisia Blockchain’s leading technologies to create a breakthrough solution with the ICRC to research and explore how humanitarian cash and voucher assistance programs can benefit from our technology,”
Partisia Blockchain co-founder and president Kurt Nielsen announced this to the board of trustees.
He added that "stablecoins provide the ICRC with an excellent tool to bring secure financial aid to fragile environments, and zero-knowledge computing is the best technology to deliver it. Together, these technologies can protect the personal data of ICRC beneficiaries while providing the necessary accountability and traceability."
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