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Blockchain technology and the governance of foreign aid

机译:区块链技术和外援的治理

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Blockchain technology has been considered a vehicle to foster development in poor countries by promoting applications such as secure delivery of humanitarian aid, digital identity services, and proof of provenance. This article examines whether (and if so, how) blockchain technology can enhance the effectiveness and efficiency of foreign aid governance, thereby moving beyond completely anonymous contexts. Foreign aid governance is plagued by lack of credible commitments among states, which are further exacerbated by information asymmetries and which often undermine aid effectiveness. In this context, blockchain technology holds two promises. First, through the guaranteed execution of smart contracts, it can strengthen the credibility of state commitments, for example collective burden-sharing rules among a group of donors or recipient country compliance with policy conditionality in return for aid. Second, through leveraging prediction markets, blockchain technology can allay information problems related to the verification of real-world events along the entire aid delivery chain.
机译:通过促进人道主义援助,数字身份服务和出种证明等申请,区块链技术被认为是促进贫穷国家发展的载体。本文介绍了(如果是,如果是,如何)区块链技术可以提高外援治理的有效性和效率,从而超越完全匿名的环境。外援援助治理缺乏缺乏可信的态度,这些承诺是通过信息不对称的进一步加剧,并且通常会破坏援助效果。在这种情况下,区块链技术拥有两个承诺。首先,通过保证执行智能合同,可以加强国家承诺的可信度,例如一组捐助者或受援国之间的集体负担分享规则,遵守政策条件,以援助的回报。其次,通过利用预测市场,区块链技术可以沿着整个援助递送链验证真实世界事件的信息问题。

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