I-DREAM Central by Blockchain Worx
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idream-central is a blockchain-based digital platform designed to enhance multi-agency disaster response and relief distribution, addressing inefficiencies in coordination and reporting. By utilizing smart contracts and a distributed ledger, it aims to eliminate discrepancies, reduce operational ambiguity, and ensure transparency among stakeholders. The solution facilitates real-time tracking and secure transactions, offering a comprehensive system for effective disaster relief management.
I-DREAM Central by Blockchain Worx
- 1. iDREAM-Central A digital platform for collaborative multi-agency disaster response & relief distribution; powered by Blockchain technology Effectively co-ordinate multi-organizational response Bring transparency and trust to disaster relief distribution Remove friction, speed-up processes & reduce operational ambiguity
- 2. www.BlockchainWorx.com 2 Modern disaster management efforts still face longstanding challenges related to co-ordinating multi-agency disaster response & aid/relief distribution efforts Despite honest, well-meaning efforts to effectively deliver disaster relief, organizations and survivors often experience unnecessary delays, inconsistent processes fraught with duplicative efforts and little to no visibility on the overall impact With every organization maintaining its data on impacted parties and aid related transactions, inconsistencies often creep in and critical time and effort is wasted in rectifying discrepancies and consolidating ledgers Centralised Distribution Staggered co- ordination with the overwhelmed central agency often becoming a bottleneck Silo’d Systems Multiple validations & Batch processing causing delay in mobilizations and ineffective communications Inconsistent Information Limited real-time visibility and tracking of distribution efforts and progress hindering holistic planning Fraud Creep Increase in fraud as individuals / organizations take advantage of the ambiguity and urgency
- 3. www.BlockchainWorx.com 3 A distributed ledger based system can remove inefficiencies and provide a smart digital medium to co-ordinate relief distribution efforts among various stakeholders Blockchain-based smart contracts will programmatically and automatically execute inter-organizational rules, eliminating human errors, speeding up processes and greatly reducing operational ambiguity Instead of separate organizations maintaining their own ledgers and repeatedly consolidating them, a Blockchain can provide a single, shared & immutable version of the truth on a distributed, permissioned network Centralized systems (Today) • Bottlenecks, centralised intermediaries • Slow batch clearing and settlement • Multi-ledger inconsistencies Blockchain-based system (Emerging) • No intermediaries, secure private network • Automated processing and instant settlement • Lower fees and reduced infrastructure cost Current Model Decentralized Network
- 4. www.BlockchainWorx.com 4 Blockchain Worx has designed an integrated digital system for collaborative multi- organization disaster response & relief distribution With security and compliance at its core, the solution also delivers the Blockchain’s inherent trust and transparency necessary for efficient coordination, collaboration and distribution across stakeholders How it all comes together Manage Relief Subsidy / Loan Issuer Arranger/ Intermediaries Corp / Individual Capital Providers Corp / SMEs Approval Subsidies / Relief Applicants Digitize offering Prepare offering Relief Fund Managers / Agencies Blockchain Networks Structured Relief Products Security & Compliance Digital Wallets Financial Intermediaries Regulator Regulatory approval Reporting Third Party Auditors, Impact Assessors, etc. * Subject to regulations Administration Services Loans/ Grants Payment Rails Individuals Payment Networks 3rd Party Apps Disbursal Loans / Applicants Custodian / Depository Payouts Banks / FI’s
- 5. www.BlockchainWorx.com 5 Working closely with partners and harnessing existing technology, the Blockchain Worx solution can help facilitate swift and efficient disaster relief distribution, digitally With a smart and intuitive interface, the integrated cloud-hosted system is accessible anywhere, anytime via a simple internet browser ….. bringing together various stakeholders as well as the resource recipients onto a single integrated platform End-to-end digital payment rails Digital representations Of disaster relief resources Intuitive design Ease of use by everyday folks Managed payments One-time or recurring Instant Notifications Along with immutably recorded logs Immediate transfers To secure digital wallets Real time Tracking Of all transactions Transparent Reporting All details via the Blockchain Third-party Integrations Via ready-to-use API’s
- 6. www.BlockchainWorx.com 6 The Result: iDREAM-Central, a next-gen solution that helps governments, agencies, community groups and other stakeholders deliver smarter and faster disaster relief It’s time for next generation digital systems – secure and transparent - to aid our response to today’s unprecedented, unpredictable and complex disasters and calamities A comprehensive tech-based system – to capture, track, measure, evaluate and report the reach and extent of financial relief A collaborative mechanism – that fosters transparency, trust and innovation via govt. and industry partnerships An innovative accountable approach – that makes digital finance available for effective disaster response, relief & mitigation An integrated marketplace – directly connecting govt. agencies, financial institutions, businesses, non- profits and individuals …when and where it’s needed the most!
- 7. www.BlockchainWorx.com 7 Blockchain Worx is a Singapore-headquartered FinTech-RegTech venture focused on helping institutions harness Blockchain technology for Digital Transformation Have a question, comment, idea or something else? Drop us a line or reach us via any of the channels below: +65 96536243 +91 9320930671 +91 9820386446 @blockchainworx info@blockchainworx.com www.blockchainworx.com Reach Us