Forbes: Blockchain can help to achieve the goal of sustainable development of the UN

Forbes: Blockchain can help to achieve the goal of sustainable development of the UN


The Forbes publication published an article on how decentralization will help the United Nations (UN) to fulfill its goals for the sustainable development of a global society and the protection of the planet.

In September 2015, the UN, composed of 193 participating countries, agreed on a long-term and very ambitious plan to combat poverty, protect the planet, peace, prosperity and well-being, consisting of 17 SDGs for the period up to 2030 year.

At the annual high level Political Forum (HLPF), the governments of the participating countries and other stakeholders traditionally presented each other with a report on the measures taken: it turned out that the blockchain  technology is used by them in many areas: from health programs to combating global climate change.

A particularly important project is certainly the blockchain launched in 2016 in the framework of the World Food Program (WFP): by eliminating the need for intermediaries, it makes remittances safer and more cost-effective. The organization comments on its achievements as follows:

“Using the capabilities of the blockchain, we are trying to reduce the costs associated with the transfer of funds. The technology protects the recipient’s data, helps us control financial risks and creates emergency assistance operations faster. “

For two years of the existence of the blockchain WFP has provided through it humanitarian aid to more than 100 thousand Syrian refugees in Pakistan and Jordan and plans to increase this number to 500 thousand.

Andy Ann, the CEO of NOIZ’s decentralized advertising network, ensures transparent advertising space for publishers, advertisers and consumers is also convinced that the blockchain will make the world better . He believes that if governments and the public sector understand how powerful the blockchain is and how to use it, they can change the world.

The UN actively supports the use of blockchain technology to address the problems of society. At the beginning of this year, the UN sector, dealing with the problems of global climate change, created a special climate blockchain coalition. Blockchain helps in monitoring and fixing the consequences of climate change, as well as increases trust between program participants and has a stimulating effect on the expansion of financing for the green movement.

The coalition’s activities are aimed at increasing the potential of the technology, creating new networks for research, management, testing of pilot projects that improve the ecology of the planet. The UN employee Massamba Tiye considers:

“To fully and efficiently mobilize the potential of the technology, there is a need for extensive cooperation between stakeholders that will help channel resources to priority areas, avoiding” duplication” of efforts and other problems associated with working on a new technology with countless unknowns”

In spite of the fact that the technology was initially considered as an industry focused exclusively on the sphere of finance, organizations such as the UN, WFP and NOIZ, prove that the blockchain is able to bring immense benefit to the whole society.

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