Introduction
The Danish Red Cross (DRC) has existed under the Red Cross Mandate since 1876. In Denmark, 34,000 volunteers are engaged in supporting the Red Cross vision. Currently, DRC has long-term partnerships in 30 countries and deploys US$200M on international activities, annually. It acts before, during and after disasters and health emergencies to meet the needs and improve the lives of vulnerable people. It does so with impartiality as to nationality, race, gender, religious beliefs, class, and political opinions. Under the auspices of Red Cross humanitarian principles, the DRC will administer the Humanitarian Digital Transformation and Systems Change Fund (the Fund) which aims to improve outcomes for communities affected by humanitarian crises by identifying, testing, and cultivating more effective and scalable technology and data enabled solutions.
Management Fee
There will be a one time 7% management fee on all funding donated to the Fund. This fee is in-line with standard Danish Red Cross fees across all funding streams. Proceeds from the management fee will be used to cover operating expenses, such as program assessment, communications, legal, auditing, staff, office supplies, and other administrative costs.
0L Wallet Address B31BD7796BC113013A2BF6C3953305FD
Examples of DRC’s technology driven humanitarian programs
The Danish Red Cross has already engaged in a number of blockchain related programs that seek to stimulate system change to traditional humanitarian assistance modalities. The following two examples:
| Community Inclusion Currencies | Click here for video: https://youtu.be/bHM1DRHSUPw | Click link for information site: http://cichub.org |
| Volcano Catastrophe Bond | Click here for video: https://youtu.be/hWUjRM4BS78 | Click link for information site: https://catbond.org |