The newly disclosed proposal regarding blockchain is currently circulating in the US Department of State, which indicates a potential change in the operation of the United States International Development Agency (USAID).
According to the set of recommendations supported by Trump administration officials and associated with the Elon Musk government performance unit, the agency may begin to apply blockchain technology to augment transparency and safety in paying foreign assistance.
Adoption of blockchain in the reform of foreign aid
According to the design document Blockchain integration obtained by Politico is considered part of a wider effort to modernize and restructure USAID orders.
The proposal shows that all distribution of assistance can be followed using blockchain to “ensure responsibility”, “reduce ineffectiveness” and enabling the implementation of “greater flexibility” partners.
Although the proposal does not explain whether a public, private or hybrid blockchain system will be used, it emphasizes the benefits of “safe and identifiable” funds for international assistance programs.
Meanwhile, the USAID, an American agency responsible for foreign administration of developmental assistance, has been criticized in recent years with the perfective and priority of expenses.
The proposal is in line with the constant efforts of the Trump camp in order to compensate for foreign assistance programs with national strategic interests. He describes current lend a hand structures as too “expansive and unorganized”, calling for shift towards concentrated initiatives related to measurable results in key regions for US interests. The document wrote:
A better approach would be to support peace and stability in key regions for US interests, catalyze economic possibilities that are supported by American companies and consumers, and soothes global threats, such as pandemic diseases.
Potential restructuring and strategic adjustment
In addition to Blockchain adoption, the document proposes to change the name USAID to the “American Agency for International Humanitarian Assistance (IHA)” and transferring the agency under the direct control of the State Department.
Interest areas would include global health, food safety and reaction to disasters, with an emphasis on reducing politically oriented programs and improving operations.
Recommendations are in line with the previous efforts of Trump’s administration to limit USAID and staff financing, movements that have met with public and public criticism.
Although the document reflects a solemn policy proposal, it does not yet represent formal government actions. In the proposal, he admits that some aspects would require congress and legislative changes.
It is also unclear whether the Secretary of State Marco Rubio or other senior officials in the current administration have reviewed or approval of the recommendations.
Despite this, the introduction of blockchain as a mechanism of transparency signals the growing interest in using recent technologies to government operations – an area of interest that can be continued regardless of future political leadership.
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