IR4LAB Concludes Trial of Donation Tracking Blockchain Platform March 29, 2023 March 29, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 29, 2023 by Kelly Cromley

IR4LAB Concludes Trial of Donation Tracking Blockchain Platform

IR4LAB, a Saudi-headquartered firm and one of MENA’s foremost providers specializing in novel technologies such as Blockchain and Artificial Intelligence, has employed Blockchain technology to monitor food shipments distributed to beneficiary households, ensuring complete process transparency.

Utilizing DocCerts, its Blockchain solution for issuing, signing, and verifying records, IR4LAB was capable of generating a distinctive originality card for every container. A distinctive identification number and QR code were subsequently given to each package, enabling the person who received it to scan or put in the ID to check in real time the specifics of the package presented and its contents from the original sender.

Actually, once the parcel has been scanned or confirmed a record gets added to the transaction record, allowing for confirmation of delivery in real time. This has culminated in a reduction of the time typically needed for reporting back to benefactors in comparable procedures.

Furthermore, the platform permits an approval protocol, which is especially beneficial in the case of a transaction involving multiple stakeholders, as is frequently the case when charity efforts pass through multiple government, private, or non-profit entities.

In order to fortify the social structure, encourage both national and worldwide cooperation, and enhance the daily activities of numerous communities around the globe, charitable efforts are an essential pillar of humanity. Yet, they are susceptible to fraudulent activity and misconduct, which may adversely affect the confidence of benefactors; therefore, a Blockchain-powered tracking platform is necessary to reduce these dangers and increase openness and confidence.

Majd Jamal Alafifi, co-founder and chief executive officer of IR4LAB, stated, “This is an excellent instance of employing technologies including Blockchain for societal benefit, and we are happy to have completed this distinctive endeavor in the region efficiently.”

Mohamed EL KANDRI, co-founder and chief technology officer of IR4LAB, stated, “We are extremely pleased to be able to utilize the solutions we’ve created to assist our neighborhoods. in an meaningful manner, and we feel that cutting-edge technology might accomplish more than anything in accordance with the objectives for sustainable development not merely in this area, but globally.”

IR4LAB is looking for partnerships with regional stakeholders and charitable organizations to broaden this trial venture and leverage technological advances to achieve goals related to social development.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.