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Officials from the Trump administration have proposed a plan to change how the United States handles foreign aid.
A key part of the proposal includes using blockchain technology to monitor how aid is distributed. The goal is to make the process easier to track and more reliable.
According to a draft of the proposal reviewed by Politico, the plan suggests changing the name of the US Agency for International Development (USAID) to the US Agency for International Humanitarian Assistance. It would also move the agency under the direct control of the Secretary of State.
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One section of the plan talks about using blockchain to follow the path of aid funds. It says this would improve “security, transparency, and traceability”. The idea is to make it easier to see where the money goes and whether it reaches the right people.
The proposal also suggests changing how aid programs are judged. Instead of focusing on how many activities were completed, the new approach would measure real results. The goal is to support programs that show clear benefits rather than simply meeting quotas.
Additionally, the reforms would narrow USAID’s mission. It would focus more on a few key areas, such as health, food, and emergency response.
Meanwhile, the Trump administration officials recently met with senior figures from the United Arab Emirates (UAE). What did they discuss? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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