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Telos will use blockchain for its food aid platform

June 3, 2020

The EOS-based blockchain platform Telos has announced a partnership with virtual card provider All_EBT to expand the company’s nutritional program service.

The association will use the Telos blockchain to facilitate payments between All_EBT stakeholders in food aid and the common good.

All_EBT is supported by Draper Associates, EOS and Facebookand enables recipients of electronic power transmission (EBT) to output these services online. The company’s website is currently asking users to join a waiting list.

Telos will use blockchain for its food aid platformTelos will use blockchain for its food aid platform

The company previously won hackathons organized by Facebook and Y Combinator, and In 2018 he received the EOSIO Hackathon Social Impact Award.

All_EBT also offers a ramp for consumer access to cryptocurrencies.

Telos uses DLT to ensure food aid

“”In the United States alone, more than 22% of the population, 54 million people, live from food brands. “ said All_EBT founder and CEO Eli Morin.

“”This number has increased in the past weeks and months In the midst of the COVID 19 pandemic, people with food brands will find it even more difficult to access healthy food and financial services, “he added.

Justin Giudici, Telos Foundation Product Manager, told Cointelegraph Your blockchain is used to create an immutable record of EBT dataMake “the data” verifiable, verifiable and understandable for users, traders and the government. “

“Essentially The end result will be greater system confidence, lower costs, and fraud protection. This is not possible without blockchain technology, “he added.

Blockchain solutions highlighted by crises

Giudici said he met Morin and his team for the first time during the EOSIO hackathon in November 2018 and found that companies have “touched the ground at times” since then.

The Telos product manager stated this after a year of discussions“The club makes a lot of sense” and adds that the former “Share the vision of a better future with blockchain“”

In April, Telos partnered with Genobank, the blockchain-based DNA proprietary platform, to create an app that allows anonymous access to coronavirus testing.

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