• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
The UN will apply blockchain technology to support refugees

The UN will apply blockchain technology to support refugees

user avatar

by Max Nevskyi

2 years ago


The Office of the United Nations High Commissioner for Refugees (UNHCR) is actively exploring the use of blockchain technology to improve assistance to people forced to leave areas of military conflict.

During a panel discussion organized by Decentral House in Switzerland, Carmen Hett, Head of the Financial and Administrative Department of UNHCR, announced the development of a blockchain system for refugee identity verification. The event also gathered representatives of other international organizations, including the International Telecommunication Union (ITU) and the World Trade Organization (WTO), who discussed the integration of blockchain into their operations.

The goal of the UNHCR project is to provide fast and secure verification of refugee identities for receiving financial assistance to digital wallets, protecting their data, and minimizing commissions. Blockchain will also give refugees the ability to directly manage their funds, increasing their digital literacy. With transaction records on the network, the UN can transparently monitor operations, preventing fraud.

UNHCR plans to use USDC stablecoins, popular among traders and easily convertible into fiat money. Considering that there are over 114 million refugees worldwide, the use of blockchain will significantly simplify the UN's tasks, Hett emphasized. UNHCR has already successfully tested its blockchain solution in Ukraine, receiving the Best Impact Project Award at the Paris Blockchain Week in 2023.

Carmen Hett emphasized the importance of innovation in humanitarian institutions for effective assistance to people suffering from military conflicts and the need to adapt blockchain to the needs of vulnerable population groups.

Previously, the UN recognized blockchain as an effective tool in the fight against corruption. In 2020, the UN, in collaboration with the LTO Network, launched a blockchain platform for land rights registration.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.