The World Food Programme (WFP) is expanding its blockchain payments system, said Robert Opp, a director of the UN’s effort that feeds as many as 100-million people across 80 countries. The agency expects to cut millions of dollars in bank transfer fees by switching to distributed ledgers based on Ethereum’s digital-currency network, he said.
"We felt we could replace the services offered by banks with blockchain," said Opp, who manages innovations that help WFP better spend its annual 6bn budget. "Blockchain helps promote collaboration by providing enormous amounts of data."