Institutional

Blockchain to Get Place in the Spotlight at 73rd UN General Assembly

from Crypto Vest 5 years ago 0 0 847

Blockchain and its benefits will feature on the agenda of the 73rd United Nations (UN) General Assembly. On September 24, government officials and renowned technology experts will gather at a symposium called “Blockchain for Social Good: Utilizing Blockchain to Aid Economic Development” to discuss the potential of the technology to drive economic growth.

The forum, to be held at the UN headquarters in New York, will be hosted by Blockchain Charity Foundation (BCF), Women Political Leaders Global Forum (WPL), and Finance Center for South-South Cooperation (FCSSC). Maltese President Marie-Louise Coleiro Preca will deliver a speech, and the participants will engage in a roundtable discussion. There will also be an exhibition of blockchain trials.

BCF head Helen Hai commented:

“BCF firmly believes that blockchain will substantially transform the world by introducing transparency, accountability and efficiency to charitable activities and accelerating global poverty reduction, job creation and economic growth.” “BCF is delighted to work with international organizations and industry leaders to embark on this new journey together,” added Hai, who is also UNIDO Goodwill Ambassador.

BCF is a not-for-profit organization that supports the adoption of blockchain for social good and its use for the implementation of the 2030 UN Sustainable Development Goals. The foundation is currently collaborating with global leadership organizations to promote the application of the emerging technology in various use cases.

WPL founder and president Silvana Koch-Mehrin said:

“We at WPL believe that technology and digitalization can greatly benefit the advancement of society globally.”

WPL, a global network of female politicians, works to boost the influence of women in leadership positions.

The UN has already demonstrated its confidence in distributed ledger technologies (DLT). In February this year, the UN World Food Programme expanded its blockchain system to cut bank transfer fees.