The Trump administration plans to apply blockchain technology in the restructured U.S. Agency for International Development

ChainCatcher news, according to WIRED, the Trump administration plans to rename the U.S. Agency for International Development (USAID) to the U.S. International Humanitarian Assistance Agency (IHA) and place it directly under the leadership of the Secretary of State. According to an internal memo obtained by WIRED, the restructured agency will "utilize blockchain technology" in its procurement processes.

The memo states, "All allocations will be secured and tracked through blockchain technology to significantly enhance security, transparency, and traceability." However, the memo does not specify the exact implementation methods, such as whether cryptocurrency or stablecoins will be used for cash transfers, or if only blockchain ledgers will be used to track the distribution of aid.