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Ripple has successfully concluded its drought insurance pilot in Kenya, ensuring the well-being of 517 pastoralist families. This remarkable initiative utilized blockchain technology to provide financial support to those most vulnerable during times of natural disasters.
The innovative project, which was carried out in partnership with Mercy Corps Ventures and DIVA Donate, demonstrates Ripple’s commitment to driving positive social impact through its Ripple Impact program. By leveraging the Normalized Difference Vegetation Index (NDVI), the initiative ensured that financial aid is distributed directly and swiftly to those affected by droughts.
The pilot project has come to an end, but Ripple is already funding the next phase of the project. This shows the company’s dedication to addressing global challenges through its blockchain-based solutions.
Source: www.crypto-news-flash.com
