United Nations Talks Blockchain

The United Nations is a large diplomatic organization that allows world leaders to meet and discuss reform policies that better lives for all citizens globally. It is no surprise that the delegates of the United Nations have now discussed blockchain technology and how it could be used to assist other countries in many other humanitarian efforts. Check out a bit of this white paper that was discussed at the UN. 

More and more high profile financial and political institutions are taking notice of the blockchain technology of distributed ledgers, starting internal investigations and issuing position papers.

In January, Bitcoin Magazine reported that the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial Considerations” at the World Economic Forum in Davos. Similar papers have been issued by other mainstream institutions.

The RAND Corporation, an influential global policy think tank with strong U.S. defense and homeland security ties, released a report titled “National Security Implications of Virtual Currency.” A recent report issued by the U.K. Government Office for Science, titled “Distributed ledger technology: beyond block chain,” explores how distributed ledger technology can revolutionize public policies and advocates the use of blockchains for a variety of public services.

A recent working paper released by the United Nations Research Institute for Social Development (UNRISD), titled “How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance?,” explores the potential of distributed ledgers to help create a global world order fairer and more sustainable than the current one, and wonders  how blockchain technology can be harnessed for community empowerment and solidarity-based finance.

The UNRISD is an autonomous research institute within the U.N. system that undertakes multidisciplinary research and policy analysis on the social dimensions of contemporary development issues. The author of the UNRISD paper, Brett Scott, is an independent researcher and consultant on alternative finance and financial reform. Scott is the author of The Heretic’s Guide to Global Finance: Hacking the Future of Money.

According to Scott, it’s important to test the potential of Bitcoin and blockchain technology for building truly empowering social and solidarity-based finance.

“This paper provides a primer on the basics of Bitcoin and discusses the existent narratives about the technology’s potential to facilitate remittances, financial inclusion, cooperative structures and even micro-insurance systems,” says Scott. “It also flags up potential points of concern and conflict, such as the tech-from-above ‘solutionism’ and conservative libertarian political dynamics of some of the technology start-up community that surrounds Bitcoin. As a way of contrast the paper considers ‘blockchain 2.0’ technologies with more overtly communitarian ideals and their potential for creating ‘cooperation at scale.'”

Read more at: http://bit.ly/20Ce4MH

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