DSRV's Blockchain Technology Recognized by World Bank Leads Innovation in Public Infrastructure

DSRV, a blockchain infrastructure technology company recognized for its technological capabilities by the World Bank and the government of Madagascar, is emerging as a key partner in establishing the country's digital public infrastructure.

On the 29th (local time), DSRV announced on the 30th that it had presented a pilot case of blockchain-based electronic vouchers (Agri-eVoucher) at a workshop hosted by the World Bank and the government of Madagascar.

On the 29th (local time), at a workshop hosted by the World Bank and the Madagascar government, blockchain infrastructure technology company DSRV presented a pilot case of blockchain-based electronic vouchers (Agri-eVoucher) in Madagascar, where attendees are taking a commemorative photo. DSRV

The workshop was jointly organized by the ministries of Madagascar and the World Bank to establish a national roadmap for digital public infrastructure for agriculture (DPI/IPNA). At the event, DSRV’s electronic voucher system was introduced as a core field-verified case study.

With support from the Korea-World Bank Partnership Facility (KWPF), DSRV led a pilot agricultural subsidy project worth approximately 900,000 dollars. Under the previous system of paper vouchers, subsidies sometimes failed to reach farmers. DSRV addressed this issue by registering the identities of over 1,000 farmers on NFC cards and recording every step from distribution to use on a blockchain network.

What began as a single-agency partnership with the agricultural ministry has now been expanded into a multi-ministry initiative, with the livestock ministry and the digital development ministry joining the project after its effectiveness in the field was recognized.

Hosung Jung, Head of Global Business at DSRV Labs and overall supervisor of the project, stated, "We hope to leverage our experience in Madagascar to contribute to building digital public infrastructure in more countries."

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