In the wake of support for the fight against the novel COVID-19 pandemic, the European Philanthropy Association (EFA) has mobilized more than $1.1 billion to hospitals and other healthcare service providers including NGOs that have been greatly affected by the pandemic.
However, the association praised a number of generous benefactors that have supported EFA in achieving its goal.
EFA applauded IOTA Foundation for its effort in enhancing innovation and collaboration around the world despite the restriction caused by the pandemic, a recent report has said.
EFA noted that IOTA Foundation helps people across the globe connect and work together as well as innovate and solve problems by developing distributed ledger technology. EFA said IOTA is focused on increasing end-user empowerment and social good.
According to the lead technical director at EFA, Michele Nati, the association is using IOTA’s self-sovereign Digital Health Passport christened Selv to solve some of its problems.
Nati said the IOTA-powered application focuses on managing patients’ health status and other credentials securely and also gives rooms for a permissionless verification of health credentials. Nati said the IOTA’s Selv allows people to travel safely when there are public health crises like now.
He praised the effort of the IOTA Foundation for deploying applications like this and for leading in the IoT world. Nati mentioned that the foundation has helped EFA work better by applying IOTA’s solution to pressing issues.
Florian Doebler, the Lead Social Impact & Public Sector Development at IOTA, explained that the not-for-profit foundation is focused on a long-term view of facilitating technology adoption and the foundation will last for decades despite its infancy.
Florian explained that in spite of all challenges, IOTA will continue to work on its vision with optimum commitment and give grantees a sense of reliability and trust.
Meanwhile, IOTA, according to EFA, is working actively to also transfer impactful knowledge and technology to other non-charitable organizations and firms around the world. This EFA said will let those organizations have better preparation for future global crises by safeguarding and streamlining their operations.
Other organizations that EFA extolled in the report include the King Baudouin Foundation, an independent Belgium-based pluralistic foundation, that provided EFA with funds that helped in undertaking issues like poverty and homelessness amid the pandemic.
King Baudouin Foundation’s fund has also assisted EFA in getting donations which sum up to about €20 million from 40,000 different private individuals, businesses, and institutions.
However, a number of companies in the blockchain industry have deployed effort to assisting people during this pandemic. Ripple, alongside some payment firms, has helped slash or eradicate transaction fees for foreign workers who desire to send money home internationally.
Also, people visiting Cyprus through its largest airport, Larcana Airport, have also adopted VeChain’s E-HCert application, which helped people save their Coronavirus test certification, thus avoiding government-enforced quarantine.