Secretary-General António Guterres says United Nations must embrace Blockchain
United Nations secretary-general António Guterres said that the intergovernmental giant needs to embrace Blockchain. In a statement provided to Forbes by the office of the former UN office minister of Portugal, Guterres marketed this technology as the first popular bitcoin as an important component of the organization with the goal of an annual budget of $ TK billion to build a more sustainable world.
Image via WSJ
For the United Nations to better serve our mission in the digital age, we need to embrace technologies like Blockchain that can help accelerate the achievement of the Sustainable Development Goals, he said.
Blockchain is a nascent technology that underpins Bitcoin, as well as other cryptocurrencies. However, it can be used without cryptocurrencies and many countries ban Bitcoin, like China or Russia, happy to talk about embracing Blockchain.
At a time when the Chinese president Xi Jiping had considered Blockchain a national priority and the $ 6 billion United Nations Children’s Fund began accepting bitcoin and ethereum donations for some of its projects, the statement from Guterres shows that cryptocurrencies and Blockchain are being seriously explored at the highest levels of the largest institutions in the world.
Although China seems to be primarily focused on using Blockchain as a way to prevent money laundering and better track citizens’ transactions, the UN’s work has focused more on giving the Enhanced funding ensures their donations are spent the way they want, while reducing waste from the organization’s huge supply chain.
Guterres put Blockchain on the UN agenda earlier – last fall, saying that the UN’s inner operations could be greatly improved with the help of DLT and artificial intelligence.
The fund uses Blockchain to ensure its sponsors that money goes to the right destination; the same principles are followed by the Blockchain Binance Charity Foundation.
This is not the first time Guterres talks about the potential of blockchain technology. As reported in July last year, at the time he created a High-Level Dashboard of digital cooperation, this put blockchain technology on the agenda.
In September 2018, he also talked about how trust in national organizations, between nations and the global order based on rules has diminished and how technologies, especially Blockchain, can help minimize the problem. However, he said less positively about cryptocurrencies:
Organized crime networks lurk on the dark web, profiting from cryptocurrencies and paying almost anonymous cryptocurrencies for in-person traffic and illegal goods.
Similarly, at the end of August, the UN Chief Office of Global Drugs and Crime Neil Wals Program warned that cryptocurrencies make it significantly more difficult to combat money laundering.
The UN pilot in Mongolia uses Blockchain to help farmers provide sustainable cashmere
With the price changes in cryptocurrencies, it can sometimes be helpful to come back to use cases: areas where decentralized and decentralized nodes can help drive important social outcomes with reliable partners. The United Nations is currently working with the Mongolian state and cashmere farmers to highlight and provide sustainable cashmere with Blockchain.
This is where the United Nations and Blockchain come in. By highlighting producers who are pursuing sustainable practices, the UN, through UNDP (United Nations Development Program branch) hopes that consumers will reward sustainability in Mongolia by Pay premium for products marked as economic, environmental, and social benefits.
A pilot with technology provider Covergence.tech used Ethereum-based blockchain technology to interact with more than 70 different farmers and 8 cooperatives. Shepherds used a simple Android app to register their cashmere along with RFID tags, which were then pinned on the map instantly.
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