FEMA to test blockchain for speeding up disaster relief payments

posted 8 months ago
The Federal Emergency Management Agency (FEMA) of the US is mulling a distributed ledger technology-powered registry to accelerate the process of disaster relief payments.

The draft reads “In many disasters, such as Hurricanes Maria in Puerto Rico or Harvey in Texas, affected communities may lose the type of information needed to file a claim, such as policy documents, land ownership records, and personal identification, among others. By piloting a blockchain-based registry in this manner, FEMA can catalyze cross-sector engagement... that can improve the speed of disaster responses and insurance claim payments, without sacrificing accuracy or increasing the risk of fraud.”
Tags: blockchain, news