Updated Mar 28, 2019

Decentralised Digital Identity Platform for Transparent & Trusted Data. Build on Privacy by Design Standards.

https://aid.technology

Grace Ma

The AID:Tech platform leverage blockchain, AI and machine learning to empower people with control over their data. Our global partners use the AID:Tech platform to empower users to receive digital entitlements such as remittances, welfare & aid.

Leveraging blockchain technology and underpinned by digital identity, when delivering digital assets such as welfare, remittances, healthcare, aid and donations - transaction records are permanent and traceable. With the capacity to provide unprecedented levels of accessibility and transparency towards data, there becomes a huge potential in disrupting the status quo whether it is in the public...
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Leveraging blockchain technology and underpinned by digital identity, when delivering digital assets such as welfare, remittances, healthcare, aid and donations - transaction records are permanent and traceable. With the capacity to provide unprecedented levels of accessibility and transparency towards data, there becomes a huge potential in disrupting the status quo whether it is in the public, private or third sector.   Establishing that data sanctity can be maintained once added to the database, our proprietary solution builds out large scale of invaluable information. Incorporating other nascent technologies including artificial intelligence, data becomes a reliable driver of decision making in operational processes. Take the example of welfare delivery, the AID:Tech platform captures administrative information as far as last-mile expenditure; providing insight as to how welfare is distributed and used in real-time. Subsequently, providers are given unprecedented insight via previously inaccessible data - and drive decision with quantifiable evidence. For AID:Tech’s clients, which include governments, development banks, private corporations and charities, the platform offers a whole new way of how data is captured, managed and shared. With several pilot projects under our belt, AID:Tech’s platform has proven to reduce administrative and cost burden - a growing dilemma for existing large scale infrastructures, especially in the public sector.
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Stage 4: Transition to Scale

AID:Tech's donation product, TraceDonate, is currently live with partners from the US and Ireland. Additionally, since 2015, AID:Tech has been deploying products with global partners including for remittances, welfare, digital health and aid.

Focus Areas:

Blockchain, Public-Private Partnerships, Data/Analytics and 3 MoreSEE ALL

Blockchain, Public-Private Partnerships, Data/Analytics, Technology, Inclusion and Digital FinanceSEE LESS

Implemented In:

Lebanon, Ireland, Tanzania and 2 MoreSEE ALL

Lebanon, Ireland, Tanzania, Serbia and United StatesSEE LESS

5
Countries Implemented In
8
Customers
12
Employees
$1,645,000
Funds Raised to Date

Problem

AID:Tech addresses obstacles faced by governments and other organisations around the lack of digital ID, SDG 16.9 & the digitisation and data. The most important commodity over the next decade will be data that users have control over & can trust. Yet, most continue to face barriers when attempting to make the most of what data has to offer. There is a persistent lack of insight into processes, corporates reports from silo-ed, fragmented data. Costs are high for banks to onboard new users.

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Solution

AID:Tech’s products leverage innovative technologies to ensure transparency and traceability as an integral part of the entitlement disbursement process. By providing insight through data previously inaccessible, it is possible to utilise data securely whilst empowering end-users. Digital identity sits at the core of what we offer and is integral to the platform. Organisations are able to connect resources with end-recipients seamlessly - effectively manage and distribute resources.

Target Beneficiaries

Our intended end-users encompass those who lack sustainable access to basic social, basic financial & governmental services. At sign up, recipients are automatically provisioned with an AID:Tech blockchain digital ID. This ID allows recipients to receive entitlements disbursed by organisations such as governments, charities or NGOs. Disbursement records are securely documented, leveraging traceability to ensure resources reach the intended recipients.

Mission and Vision

3bn people globally are financially underserved. Challenges around access to social & financial services are present across the developing & developed world. The lack of access to the most basic services is both a cause and a symptom of inhibited development. AID:Tech’s core proposition marries access & identity. With digital identity at the core (SDG 16.9), our partners can manage and provide services to their end-users, whilst ensuring their end-users' control and security over personal data.

Competitive Advantage

Our advantage is that we are a multi-award winning platform, have relationships with global tier 1 banks and governments. Our solution offers multifaceted benefits for governments, enterprises and consumers paired with seamless service delivery and data management. Our work to date is validated by numerous international awards and accolades, including from the Islamic Development Bank, the Dubai Expo, Citi, IBM, Mastercard. AID:Tech CEO Joseph Thompson was recognised as the first SDG Pioneer for blockchain technology. With first to market advantage, in few short years, we have established the efficacy of our product in the remittance, welfare, healthcare, aid and donation sectors. We are currently in detailed discussions with global banking services provider to further streamline our product for added value across the world. In August 2019, we will deliver the worlds largest welfare delivery government project on blockchain in Singapore before expanding into Indonesia

Planned Goals and Milestones

Transitioning to scale, the past two years have enabled AID:Tech to prove the efficacy of our solutions in addressing real worlds problems, and therefore delivering genuine impact to people. We intend to make our solutions available to exponentially more end-users in the coming few years, through existing and new partners that include banking institutions, governments, as well as development banks and the charity sector. We project to be serving over 2 million end-users by the end of 2020.
Projected Cumulative Lives Impacted220
New Implemented CountriesIndonesia
RecruitDevelopers, blockchain specialists, innovative technology marketing specialists
New FeatureAutomatic settlement for merchants with banking partners

The Team Behind the Innovation

AID:Tech was co-founded by CEO Joseph Thompson and COO Niall Dennehy. Joseph and Niall both have extensive experience in business development, in particular in the financial sector - management consultancy and business analysis, whist Niall has also led several award-winning design projects in the past. Together with CTO and Chief Data Scientist, Alejandro (Sasha) Vicente Grabovetsky, the team developed the core product that is now being implemented globally. https://www.unglobalcompact.org/sdgs/sdgpioneers/2017/joseph-thompson

Milestone

Mar 2019
Recognition ReceivedPENDING
Jan 2019
New Product Or Service
Launch of TraceDonate - Bringing transparency to donations using blockchain technology. Now in operational with 4 clients
Nov 2018
New Country Implemented In
United States
Mar 2017
Recognition ReceivedPENDING
 
as part of
 IBM Smart Camp
Mar 2016
New Country Implemented In
Ireland
Dec 2015
New Country Implemented In
Lebanon