Problem: Conditional cash transfers are widely used globally as social policy tools to distribute financial aid. However, traditional methods of conditional cash distribution face significant challenges due to a lack of transparency and accountability. Once funds are distributed, tracking mechanisms often become obscure, making it difficult to trace the exact path and utilization of the aid. This lack of clarity poses a major obstacle in ensuring that the aid reaches the intended recipients and is used effectively.
Solution: Rastro, a modified TRC-4626 vault, addresses these challenges by empowering organizations to manage and allocate funds with precision and accountability. Rastro guarantees a traceable and accountable channel for direct funds transfers, enhancing transparency and efficiency in the distribution process. By fostering direct impact, Rastro revolutionizes humanitarian aid efforts, ensuring that assistance reaches those in need swiftly and effectively. This innovative approach not only enhances operational integrity but also bolsters donor confidence, ultimately leading to more substantial and sustained support for humanitarian initiatives.
Working : Through Rastro, an organization can deposit stablecoins like USDD into a transparent vault and mint interest-bearing tokens. These tokens are then distributed to designated recipients, who can seamlessly transfer them to selected merchants or service providers. Merchants can redeem these tokens for stablecoins, facilitating a smooth and efficient transaction process.
Furthermore, organizations have the capability to set withdrawal limits for each merchant, ensuring fair and equitable economic distribution across various services. This feature prevents any single entity from monopolizing the resources, promoting a balanced allocation of aid