Blockchain Open-loop Cash Transfer Project
Two UN divisions are working with the government of Sierra Leone to create an affordable and reliable blockchain-based identity system for all residents of the country..
UNDCF and UNDP Agree with Nonprofit Technology Organization Kiva to Launch Institutional Project «Credit bureau of the future». This will enable all Sierra Leoneans to obtain and securely manage their digital IDs..
Today, in a country with a population of seven million, 80% of residents do not have access to an official identification system. This creates a lot of problems for novice businessmen who need to attract outside capital. The government’s previous drive to launch such a system proved ineffective due to infrastructure problems. The government hopes that blockchain will help citizens without access to the banking system to receive funds and creditors to increase the number of clients.
Recently, the French arm of the United Nations International Children’s Emergency Fund (UNICEF) announced that it has begun accepting donations in the nine most popular cryptocurrencies..
text: Sid Nietzsche, photo: Kosheroc