Problems are being solved by a new generation of developers inspired by blockchain tech. While smaller application cases are being considered around the world, the United Nations isn’t waiting for ecosystems to develop. In fact, it is charging hardest at some of the most difficult issues in human history – and their weapon of choice is the blockchain. Read more.
The U.N. Conference on Trade and Development has joined forces with Alibaba founder Jack Ma to create “e-Trade for All,” a new program that aims to make it easier for people to start a business online, especially in developing countries.
As a special advisor to the UNCTAD, Ma will help foster growth of online businesses, particularly in areas of the world where internet access is limited or nonexistent. The efforts were announced on Tuesday in Geneva, as part of e-Commerce week. Read more.
Sometimes I wonder what this moment in time will look like to future generations. How will our grandchildren judge us when looking back at how we responded to today’s disruption? Will they wonder whether we understood that we were standing on the cusp of a whole new world order?
Perhaps they will ask whether we fully appreciated that we live in a world that is in transition – from a model of business, political participation, relationships, values and society that we are familiar with to one that is still largely unknown and needs our shaping. Read more.
The United Nations (UN) is in the final stages of what could be one of the most epic blockchain projects of all time.
After successfully using the ethereum blockchain to transmit Pakistani rupees to 100 people earlier this year, the UN’s World Food Program (WFP) is arranging extra security to ensure it safely executes the next stage of its work.
A pilot test, scheduled to begin in Jordan on 1st May, will see the WFP sending an unspecified number of dinars to more than 10,000 recipients in need of financial support and extra food, with the goal of expanding the number of recipients to 500,000 people by 2018. Read more.
The European Union’s executive branch is establishing an “observatory” focused on blockchain as part of a wider pilot project.
Unveiled earlier this week, the initiative, according to the European Commission, seeks to “gather opinions and to voice concerns around Blockchain and DLT”. The Commission plans to solicit proposals from possible partners during the second quarter of this year. Read more.
The Bitcoin scaling debate affects some businesses more than others, but few real-world businesses have the volume to watch Bitcoin’s momentum react to it like the tourist hotspot, the Pattaya Beer Garden. Bitcoin.com discussed adoption trends in Thailand with Peter Noid, the proprietor of this large and popular restaurant and bar located in the Southern city of Pattaya.
In the context of the Horizontal Taskforce on FinTech and Distributed Ledger Technologies (DLT), the European Parliament has mandated the European Commission to implement a Pilot project in order to build up technical expertise and regulatory capacity. The European Commission intends to launch a call for tender for a service contract to set up an EU Blockchain Observatory. Read more.
Many early blockchain initiatives have only been implemented in testing environments, while their future commercial use remains uncertain. Nonetheless, an industry-wide conversation has emerged, as financial institutions explore blockchain’s theoretical appeal, its practical applications and standards have to be established to realize its potential.