No internet connection validating identity

18-Oct-2019 04:38

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The UNDP Alternative Financing Lab highlights blockchain based innovations in Serbia, Moldova and other countries.

Another promising use is the ability to indelibly record property rights.

The World Food Programme is using biometric registration data from United Nations High Commissioner for Refugees, allowing refugees to purchase food in refugee camps using a retina scan instead of cash or vouchers.

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The underlying concept of a blockchain, or decentralized public ledger, collectively maintained by a network of participants, is key. Recording transactions, and other events, is an integral component of much of human activity and it is hard to imagine modern economies operating without underlying systems of verification, validation and record keeping.It is not clear that developing countries can take advantage of this new technology to leapfrog in some way.