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The United Nations (UN) has adopted blockchain technology to reform the United Nations Joint Staff Pension Fund (UNJSPF), which had relied on manual, paper-based processes for 70 years and was often prone to errors and fraud, resulting in thousands of suspended payments each year.
Since its pilot in 2020 and rollout in 2021, blockchain has enabled fast and transparent digital identity verification, reduced case processing time, eliminated the risks of centralized management, and decreased the need for repeated identity checks.
Research concluded that blockchain is the optimal technology for digital identity verification, opening the possibility of sharing this model with other international organizations.
The UN is now considering expanding the use of this technology across its entire system and developing it into a “digital public good,” providing a secure, scalable, and inclusive digital infrastructure.
Since its pilot in 2020 and rollout in 2021, blockchain has enabled fast and transparent digital identity verification, reduced case processing time, eliminated the risks of centralized management, and decreased the need for repeated identity checks.
Research concluded that blockchain is the optimal technology for digital identity verification, opening the possibility of sharing this model with other international organizations.
The UN is now considering expanding the use of this technology across its entire system and developing it into a “digital public good,” providing a secure, scalable, and inclusive digital infrastructure.
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Dm @sinestroking
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