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Can blockchain technology useful for microfinance?

Can blockchain technology useful for microfinance? In mid 2017 the U.N. World Food Program dispatched the microfinance primary phase of what it calls "Building Block," giving food and money help to penniless families in Pakistan's Sindh region. A web associated cell phone verified and recorded installments from the U.N. office to food sellers, guaranteeing the beneficiaries found support, the vendors got compensated and the organization didn't forget about its cash. The organization expects utilizing a blockchain framework will diminish its overhead expenses from 3.5 percent to under 1%. Also it can speed help to remote or debacle struck regions, where ATMs may not exist or banks are not working regularly. In critical circumstances, blockchain money can even replace scant neighborhood cash, permitting help associations, occupants and shippers to trade cash electronically. Blockchains can even assist people with adding to help endeavors abroad. Usizo is a South Africa...