The worldwide development network for the United Nations is pursuing a series of blockchain-focused projects.
Through its Alternative Financing Lab, an effort launched last year, the United Nations Development Programme is looking into applications in microfinance, remittances and connected vehicles, among others.
That work was quietly detailed last month in a UNDP blog post, penned by members of the Alternative Financing Lab. The lab said it was partnering with developers in Serbia and Moldova, among other regions, on blockchain projects, and indicated that it planned to expand these efforts in the months ahead.
Of particular interest, according to the post, is the use of blockchain for exchanging funds.
Lab representatives wrote:
Last month’s blog post isn’t the first time the UNDP has expressed its interest in the technology for use in cash transfers. In May, the organization said that it was looking for partners to develop a bitcoin-based money delivery system.
“The global development field needs access to an entity or system that is scalable, secure, flexible, cost efficient and sustainable in the long run,” it said at the time.
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