Tuesday, October 3, 2017

5 Reasons the UN Is Jumping on the Blockchain Bandwagon

Classmate Sumika Singh sent over this article, posted on Singularity Hub.

Using the Ethereum blockchain, the UN is attempting to solve some of its most pressing challenges, from refugee resettlement to food distribution. As the article notes:

The UN explains blockchain as “a distributed database that is continuously updated and verified by its users. Each added block of data is ‘chained’ and becomes part of a growing list of records, under the surveillance of network members. This technology enables the transfer of assets and the recording of transactions through a secure database.”

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