Challenge Area:
Financial Inclusion

Problem Statement:
Unbanked populations lack access to secure digital payment systems.

Solution Concept:
A blockchain-based mobile payment platform (e.g., Algorand) for low-cost, secure transactions. Smart contracts handle micropayments.

Expected Impact:
Provides financial access to 100,000+ unbanked individuals, reducing inequality by 10%.

Next Steps:
Build a PoC with Algorand, preprocess transaction data, and document edge cases.

Challenge Area:
Transparent aid distribution

Problem Statement:
Mismanagement and corruption in aid distribution reduce the effectiveness of humanitarian assistance.

Solution Concept:
A blockchain-based aid tracking system where donations are recorded on-chain, and smart contracts ensure funds reach intended recipients via digital vouchers.

Expected Impact:
Enhances transparency, reduces fund diversion, and ensures aid reaches marginalized communities.

Next Steps:
Build a PoC with a donation tracking smart contract, integrate a voucher redemption system, and test with mock beneficiaries.