At a senior panel discussion entitled ‘Demystifying Blockchain’, which was hosted by Decoded last month in New York, former Prime Minister of Haiti, Laurent Lamothe, spoke on his experiences during his tenure. One event that was raised was the task of rebuilding the devastated country after the 2010 earthquake. It was a mammoth task as everything from basic infrastructure to roads, housing, schools and essential healthcare was needed. However as one of the poorest countries in the world, Haiti struggled to cope with the enormity of the event.
Lamothe believes that blockchain technology could have alleviated many of the challenges his Government faced with him as Prime Minister. It could have facilitated payment to beneficiaries of the many social programs put in place; for example PSUGO and Ti-Maman Chéri; and created greater financial transparency. In addition it could also have been used as a tool for increased financial inclusion of the unbanked Haitians.