Blockchain and Fintech

Various reports and the number of Blockchain use cases implemented suggest that the financial sector stands to gain the most from Blockchain-based service implementations. Some of the many use cases discussed below are to highlight only the most obvious use cases. Trade Finance In trade finance Stock and Share sale and purchase transactions that can sometimes take two to three day are made through brokers and exchanges for clearing and settlement it requires tedious processing through paper and electronic media. Each party including middlemen maintain their record of transactions or…

UNECE and SDG Lab facilitate UN inter-agency exchange on blockchain for the SDGs

APRIL 3, 2019 Blockchain, a form of Distributed Ledger Technology, is providing new frontiers of innovation for sustainable development through decentralized authentication processes secured by cryptography. Blockchain technologies have developed rapidly over the last few years and have the potential to transform fundamental mechanisms that define the economy. Many UN agencies have seen the potential of this technology and are exploring how it can help achieve different outcomes to support implementation of the 2030 Agenda. It is therefore opportune for inter-agency actors in this space to connect and engage together,…