International charity organization Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters, local news outlet Micky reported on June 17.
The parties launched a philanthropic initiative dubbed UnBlocked Cash with the support of the Australian Government. To test the system, Sempo and Oxfam chose purportedly the world’s most natural disaster-prone country, Vanuatu.