The United Nations has successfully completed a blockchain experiment aimed at modernizing its pension system, demonstrating the technology's potential for digital identity verification. In collaboration with the Hyperledger Foundation, the UN implemented a blockchain-based digital identification system for the United Nations Joint Staff Pension Fund (UNJSPF), replacing a 70-year-old paper-based process. This new system significantly reduced processing times and eliminated single-point-of-failure risks.
Following the experiment's success, the UN is considering expanding the use of blockchain technology across its operations. Additionally, there are plans to share this system as a 'digital public good' with other international organizations, highlighting its potential to enhance efficiency and security in digital identity management.
UN Blockchain Trial Validates Digital Identity Verification
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