WB FundsChain

<!DOCTYPE HTML PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <link href="/assets/styles/siteresorces/styleIndex2.css" rel="stylesheet" type="text/css" /> <html> <head> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8" /> <link rel="stylesheet" href="/assets/styles/home.css" /> <link rel="stylesheet" href="/assets/styles/bootstrap.css" /> <link rel="stylesheet" href="/assets/styles/style_miga.css" /> <link rel="stylesheet" href="/assets/styles/style_wfa.css" /> <title>WB FundsChain</title> </head> <body> <div id="wb-generic-home"> <header class="login_header"> <div class="container" style="width:1200px !important"> <div class="row"> <div class="col-md-7 no-padding" style="width:57% !important">  <div id="hf_header_wrapper clearfix"> <div class="_header_container clearfix"> <div class="logo_section"> <ul class="_branding"> <li class="_logo"> <a href="javascript:;"> <img src="/assets/images/funds_chain_logo.png" alt="World Bank Group" style="height:60px !important; width:380px !important" usemap="#Map" /> </a> </li> </ul> </div> <div class="clearfix"></div> </div> </div>  </div> <div class="col-md-5 no-padding">  <div id="hf_header_wrapper clearfix"> <div class="_header_container clearfix"> <div class="logo_section"> <ul class="_branding"> <li class="_logo"> <a href="http://www.worldbank.org" target="_blank"> <img src="/assets/images/funds_chain_wbglogo.svg" alt="World Bank Group" style="padding:8px 2px !important" usemap="#Map" title="World Bank Group" /> </a> </li> </ul> </div> <div class="clearfix"></div> </div> </div> </div> </div> </div> <div class="spacer5"></div> </header> <div class="container" style="width:1200px !important"> <div class="row" style="display:flex;"> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="col-sm-7" style="display:inline-table !important;margin-left: -15px;"> <video controls="" name="media" width="100%" height="100%"> <source src="/assets/images/funds_chain_video.mp4#t=2"> </video> <p style="text-align:center;font-weight:300;font-size:14px !important">Learn about the FundsChain initiative through this short two minute video.</p> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row"> <h1 style="font-family: 'Segoe UI', 'Segoe UI Web (West European)'; font-size: 32px !important; font-weight: 600; color: #000 !important;">The FundsChain Initiative </h1> <div class="spacer5"></div> <h2 style="font-size:20px;font-weight600;color:#000 !important">Blockchain for Disbursement Traceability</h2> <div class="spacer5"></div> <div class="spacer5"></div> <div style="font-family:Segoe UI;text-align: left;color:#212121"> At the World Bank, we put transparency and accountability at the forefront of our work. That鈥檚 why we鈥檝e introduced鈥疐undsChain, our blockchain initiative that gives end-to-end traceability on development projects, so all project stakeholders, including development partners, borrowers, auditors, and end beneficiaries, can see where disbursements are going鈥痑nd how they are being used.鈥疶he FundsChain initiative launched in September 2024 and is currently in the Pilot stage in partnership with a group of pioneering countries </div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row"> <div style="font-family: Segoe UI; text-align: left; color: #212121"> Traditionally, monitoring and evaluating World Bank-funded development projects has been a challenging and time-consuming process involving many stakeholders with diverse processes that rely on and use different financial management systems to trace payments and keep custody of records. Additionally, when donors and auditors request these records, obtaining them from the project stakeholders has several challenges around tracking and collecting proof of payment of services and goods from suppliers, implementation expenses, and proof of benefits from the end beneficiaries. </div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row"> <div style="font-family: Segoe UI; text-align: left; color: #212121"> With our cutting-edge blockchain solution, we are looking to revolutionize this process. Streamlining and automating it, our blockchain platform will enable seamless collaboration among all stakeholders, allowing users to easily submit and verify documents, including contracts and invoices. FundsChain will ensure transparency and traceability in financial management through the recording and tracking of transactions on our secure, permanent, accurate, and tamper-free blockchain platform. </div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row"> <div style="font-family: Segoe UI; text-align: left; color: #212121"> With future scalability and tokenization features, our platform offers a robust solution for the flow of funds, from inflow to outflow. Through the power of our blockchain platform, all project stakeholders have greater access and real-time visibility of funds disbursed and can benefit from a single source of truth, fostering a new level of transparency and shared confidence. </div> </div> <div class="spacer5"></div> </div> <div class="col-sm-5"> <div> <span style="font-family: 'Open Sans',sans-serif; font-size: 16px !important; font-weight: 700; color: #000 !important;">Blockchain Platform</span><br /> <div class="spacer5"></div> <a href="https://fundschain.worldbank.org/" target="_blank"><button type="button" class="blue_btn" style="height:38px !important;width:140px !important;background-color:#0071BC;border-radius:15px !important;font-size:15px !important;padding:8px 25px !important">Sign in</button></a><br /> <div class="spacer5"></div> <span style="font-size: 13px !important;font-family: 'Open Sans',sans-serif;">Access for Pilot Projects Only</span> <div class="spacer5"></div> <div class="spacer5"></div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div style="border-bottom: 1px solid #d6d6d6 !important"> <span style="font-family: 'Open Sans',sans-serif; font-size: 16px !important; font-weight: 700; color: #000 !important; ">Launch Updates</span> <div class="spacer5"></div> <div class="spacer5"></div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row" style="display: flex;border-bottom: 1px solid #d6d6d6 !important"> <div class="spacer5"></div> <div class="spacer5"></div> <div class="col-sm-5" style="height:101px !important;"> <a href="/wfa/funds_chain_doc.html?pageAccess=ky" target="_blank"> <img src="/assets/images/funds_chain_kenya.jpg" width="100%" height="100%" style="object-fit:cover !important" alt="World Bank Group" usemap="#Map" /> </a> </div> <div class="col-sm-7"> <div class="ocm-date-text"> <span>22 Oct 2024</span> <span class="ocm-content-badge">NEWS</span> </div> <div class="ocm-hl-title"> <a target="_blank" href="/wfa/funds_chain_doc.html?pageAccess=ky" style="color: #0071BC; line-height: 1.6; font-weight:600;font-family: 'Segoe UI', 'Segoe UI Web (West European)'">Kenya: First Project on FundsChain</a> </div> <p class="ocm-hl-desc-txt">FundsChain launched in Kenya</p> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row" style="display: flex; border-bottom: 1px solid #d6d6d6 !important"> <div class="spacer5"></div> <div class="spacer5"></div> <div class="col-sm-5" style="height:101px !important;"> <a href="/wfa/funds_chain_doc.html?pageAccess=ph" target="_blank"> <img src="/assets/images/funds_chain_philippines.png" width="100%" height="100%" alt="World Bank Group" usemap="#Map" /> </a> </div> <div class="col-sm-7"> <div class="ocm-date-text"> <span>09 Oct 2024</span> <span class="ocm-content-badge">NEWS</span> </div> <div class="ocm-hl-title"> <a target="_blank" href="/wfa/funds_chain_doc.html?pageAccess=ph" style="color: #0071BC; line-height: 1.6; font-weight:600;font-family: 'Segoe UI', 'Segoe UI Web (West European)'">The Philippines: First Project on FundsChain</a> </div> <p class="ocm-hl-desc-txt">FundsChain Philippines launch in October 2024</p> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="row" style="display:flex;"> <div class="spacer5"></div> <div class="spacer5"></div> <div class="col-sm-5" style="height:101px !important;"> <a href="/wfa/funds_chain_doc.html?pageAccess=md" target="_blank"> <img src="/assets/images/funds_chain_moldova.jpg" width="100%" height="100%" style="object-fit:cover !important" alt="World Bank Group" usemap="#Map" /> </a> </div> <div class="col-sm-7"> <div class="ocm-date-text"> <span>27 Sep 2024</span> <span class="ocm-content-badge">NEWS</span> </div> <div class="ocm-hl-title"> <a target="_blank" href="/wfa/funds_chain_doc.html?pageAccess=md" style="color: #0071BC; line-height: 1.6; font-weight:600;font-family: 'Segoe UI', 'Segoe UI Web (West European)'">Moldova: First Project on FundsChain</a> </div> <p class="ocm-hl-desc-txt">Moldova goes live with their first project on the blockchain.</p> </div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> <div class="spacer5"></div> </div> </div> </div> <div class="spacer15"></div> </div> <footer class="home-page-footer"> <div class="container" style="width:1200px !important"> <div class="row"> <div class="col-md-12 no-padding">  <div class="footer_wrapper">  <ul class="_bottom"> <li class="_bottom_logo"><a href="http://www.worldbank.org/"><img src="/assets/images/logo-wbg-footer-en.svg" alt="The World Bank Working for a World Free of Poverty" /></a></li> <li class="_ibrd"><a href="http://www.worldbank.org/en/about/what-we-do/brief/ibrd">IBRD</a></li> <li><a href="http://www.worldbank.org/ida">IDA</a></li> <li><a href="http://www.ifc.org">IFC</a></li> <li><a href="http://www.miga.org">MIGA</a></li> <li><a href="http://icsid.worldbank.org">ICSID</a></li> </ul>  <div class="clearfix"> <div class="_bottom_left"> <ul> <li><a href="http://www.worldbank.org/legalinfo">Legal</a></li> <li><a href="http://www.worldbank.org/en/access-to-information">Access to Information</a></li> <li><a href="http://www.worldbank.org/jobs">Jobs</a></li> <li class="_last"><a href="http://www.worldbank.org/contacts">Contact</a></li> </ul> <div class="_copyright">© 2024 The World Bank Group, All Rights Reserved.</div> </div> <div class="_bottom_right"> <a href="http://www.worldbank.org/en/about/unit/integrity-vice-presidency/report-an-allegation"> <div>REPORT FRAUD OR CORRUPTION</div> <div>1-202-458-7677</div> </a> </div> </div> </div>  </div> </div> </div> </footer> </div> <style> .ocm-date-text { color: #c04b21; 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WB FundsChain