United Nations To Use Blockchain Technology For Revamping War-Torn Afghanistan

United Nations To Use Blockchain Technology For Revamping War-Torn Afghanistan

United Nations are going to use Blockchain technology in its redevelopment program for Afghanistan. The decision was made to bring in much necessary transparency in the various areas of redevelopment. The use of modern-day decentralized technology falls under the UN’s “City for all” program which is focused on revamping Afghanistan’s urban areas completely destroyed by years of war.

The use of blockchain technology will be primarily focused on the management of land records which does require accurate data reliability and transparency, both of which the modern-day technology has to offer.

The news about the United Nations looking to adopt blockchain for its redevelopment program first surfaced in technology new publication called Sociable. The United Nation Office of Communication and Technologies (UN-OICT) in Afghanistan will be responsible for managing the use of the tech to help the native government keep a track of its land records in a transparent manner.

UN Secretary-General Stephane Dujarric who is the spokesperson for the ongoing redevelopment project stated that the United Nation’s urban development sidearm called UN-Habitat will be working coordinately with the Afghani government as a part of its “city for all‘ program.

The spokesperson also detailed the approach of the project and mentioned three important aspects required for successful and peaceful rehabilitation in the area. These three key areas include effective land management, strategic urban planning, and improved municipal finance and governance.

Blockchain For Governance

While there are many critics of the crypto space, almost everyone believes in the potential of blockchain technology beyond the crypto-verse. And one of the significant use cases van be implemented in governance itself. United Nations in the redevelopment program is showing that by using the technology to increase transparency in ongoing government dealing which would subsequently increase the trust of the people in the governance.

Dujarric mentioned how blockchain is not just helping them in fast pacing the revamping process but also how the technology serves as the key tool in fundamental components. He said,

“The blockchain solution shall serve as a key tool in the delivery of these fundamental components.”

The use of blockchain tech in the rehabilitating war-torn Afghanistan is a part of Memorandum of Understanding (MoU) signed between UN-OITC and UN-Habitat. The aim behind the signing of Memorandum is to help developing nations to get the best of modern-day tech to these nations and help them accelerate their development process. The MoU would see the use of modern-day techs for urban design and planning and currently countries like Afghanistan, Srilanka, India, and Bangladesh are a part of this MoU.

Blockchain Technology is not some new tech invented specifically for creating Bitcoin, instead it is an amalgam of Distributed Data System and Cryptography to form a formidable unbreachable decentralized system. Thus, any industry which deals in some form of data can use the tech to revamp their work process.

Blockchain is becoming popular tech of use in many industries and now even in governance which might give you an idea on how big people, industries and countries are betting on it. The best part we are seeing the first generation of the tech right now, and as we progress further and new developments come along, almost every other industry will be using blockchain in their system.

Blockchain Comes To The Rescue of Srilankan Farmers

While the MoU signed between UN-OITC and UN-Habitat is helping in reconstructing a war-torn nation, on the other hand, Oxfam has teamed up with a blockchain-based insurance startup to safeguard the financial future of SriLankan farmers. The startup will team up with professional service provider Anon to create a blockchain-based weather reporting application. This app will increase efficiency and accuracy.

Blockchain uses cases beyond the crypto-verse is on the rise and many established tech firms like IBM are investing heavily in the space. Even firms like Amazon have several patents in their kitty and they might be looking forward to launching blockchain as a service program to cater to various businesses looking for blockchain integration.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,478FansLike
2,795FollowersFollow
4,199FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

The Good and Bad of the Crypto Going Public

This week, big news came in the form of crypto businesses that are planning to go public either later this year or next year. Crypto...

US Secret Service Has Modernized Its Role in Tackling Financial Crimes in The Crypto Era

The role of the US Secret Service, whose purpose extends from protecting the US President Trump to protecting the US financial systems, has...

Bitcoin is in a ‘Consolidation Zone,' We’ll Move to $14,000 Once BTC Gets Above $10k: Mike Novogratz

Bitcoin is about system change, said Mike Novogratz, CEO of Galaxy Digital, in his latest interview with Barron’s Carleton English. While talking about the catalysts...

Volvo Invests In Blockchain Traceability Startup Circulor To Track Cobalt Supply Chain

Volvo Cars Tech Fund, a subsidiary of Volvo, announced its investment in blockchain traceability firm Circulor on July 8. The popular carmakers have used...

Blockchain Developer Platform Releases Alchemy Build, A Tool Suite for Faster Production

Alchemy, a blockchain startup, focuses on building developers' tools to help them become more productive and focus more on actual product development. The blockchain...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today