Today 30% of what we donate gets lost to corruption. Discouraging right? After learning that, we didn't feel like donating either.
This is why we have created EnlightAID, a technology to track and report, in real-time, the path funds travel from the fundraising moment and up to when, where and on what they are spent.
Launch date to be announced soon
On a daily basis, humanitarian aid and philanthropy deploys funds and other resources to the most vulnerable economies in the globe. However, according to the UN, at least 30% of what we donate at a global scale is diverted as a result of acts of corruption, never reaching their intended causes. But imagine a world where the second an organization makes a transaction to build one of these projects, it gets published so the whole world can see it. Imagine the information is published in a way that is easy to access, simple to understand and can be compared to similar projects. This will increase engagement within the community, while supporting crossed feedback and guaranteeing resource use transparency, thus discouraging corruption. That is EnlightAID.
M. Verónica Celis Vergara
L. Patricio Infanta Cáceres
Harald Wium Lie
Kristian H. Lorentzen
More than six billion people live in countries affected by corruption. Not a single country, or industry, is corruption free. Since aid inserts resources into vulnerable economies lacking the structure for proper control, the industry is especially vulnerable to malfeasance. Even though a global consolidated statistics on aid does not exist, the US, Australia, the UK, Switzerland, Russia and China contribute a combined amount of approximately $560 billion a year. Which translates into more than $160 billion that disappear. These resources are taken away from their intended purposes reducing the impact of aid and philanthropy.
Corruption hides behind volume, anonymity and is aided by static reporting systems, cultural components and the belief that it is a necessary evil. This is why we have created EnlightAID a proprietary technology to track and report, in real-time, the path funds travel from the fundraising moment and up to when, where and on what they are spent. Effectively, we have created a real-time public auditing system with the goal of ending corruption within aid’s value chain. By providing fundraising, reporting, communication, social engagement and geolocation tools, EnlightAID redefines what we expect from aid.