IOTA Foundation Collaborates With A Refugee Nonprofit

IOTA Foundation Collaborates With A Refugee Nonprofit

The IOTA Foundation has reportedly announced a collaborative project with the non-profit organization Refunite. Refunite is a database that operate

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The IOTA Foundation has reportedly announced a collaborative project with the non-profit organization Refunite.

Refunite is a database that operates in over 25 countries, serving as a way to help refugees find their families.

The organization was started in 2009 by co-founders Christopher and David Mikkelsen as a interlinked data infrastructure that could function across borders and serve as a means to collect and distribute missing persons data.

The idea came after the co-founders helped a young Afghan refugee reunite with his family.

Distributed ledgers may be the smartest solution?

The IOTA founder David Sonstebo sees distributed ledgers as a way to record and verify information of refugees seeking to reunite with their families.

The Tangle, the IOTA distributed ledger network, could handle high transaction volume without the necessity of network fees.

“There’s definitely going to be a discovery phase, but we’re looking to jump right in and look at how we can help people around the world.”, as Sonstebo said as quoted by cryptocoinnews.com.

This collaborative effort might be the first step in using distributed ledger technology, or DLT, for social good projects.

“In all ways, our partnership with IOTA represents an opportunity to think through our separate but joint philosophies about helping people and the world through tech, and by empowering users, be they people or companies, through distributed ledgers and decentralized access to the knowledge economy, to build a more inclusive and exciting future. IOTA, being the first public distributed ledger that enables scaling and getting rid of fees, is a great match with REFUNITE.”, as Christopher Mikkelsen, one of Refunite`s co-founders stated.

It is to be seen how the project will evolve into the future.

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