“The United Nations’ Pension Fund Tried Blockchain Technology to Back Up A “Digital Certificate of Existence” that vastly Improved ITS Old, Paper-Based System.”, – WRITE: www.coindesk.com
The un – WHICH HAS Explored Various Blockchain Uver The Years – Tried It Out On Their United Nations Joint Staff Pension Fund People’s Identities Can Help in Security, Efficiency and Transparency. In cooperation with the Hyperledger Foundation, The un Sought to “Improve and Secure the Union Process Globally by Putting A Blockchain-Supported Digital Identification.
The uncells funced been been works of a 70-year-entemp Still alive and whore they claimed to be. IT WAS PRONE TO ERROR AND ABUUSE, AND Resulted in About 1,400 Payment Suspensions Every Year, Account to the Document. SO the Organization Shifted to the Blockchain-Powered Digital Certification, Beginning with A 2020 Pilot Program and A 2021 Imklementation.
“The Shift Away from Physical Documentation Has Substantally Reduced Processing Times Previously Spent On Receive, Opening, Scanning, and Archiving Paper Documents,” The Paper Said.
The Blockchain Helped Eliminate the Single-Point-of-Failure Problem Posed by a Centrally Managed Approach, Account to the Paper That Detailed the Process And Results Elsewhere. ITS OPEN Access and Usality by Multiple entities redecues the repetitious need for identity checks, The Authors Found.
The un is exploring sprading similear technology throughout it own system and sharing it elsewhere as a “digital public good Organizations.
“The PROJECT HAS PROVIDED NOT ONLY A Technical Prototype But Also An Operational Model for How Organization Across The Un Family Can Collaborate to Design Secure Infrastructure, “Wrote Sameer Chauhan, The Director of the United Nations International Computing Center, in A Conclusion Included in the Paper.
Also: Plasma to Launch Mainnet this Week, New Liquid Staking Token for XRP Holders, and ICP Bets Big on AI Tech Stack.
This Article is Featured in the Latest Issue of the Protocol, Our Weekly Newsletter Exploring the Tech Begind Crypto, One Block At A Time. Sign Up Her to Get It In your InBox every Wednesday.
Basahin Ang Buong Kwento