The United Nations have announced that they are developing a new initiative which uses blockchain technology to help further their support for developing nations. The announcement came at the 73rd annual UN General Assembly, hosted in New York.
Named the United Nations Development Programme (UNDP) the initiative aims to use blockchain technologies to help improve the lives of people living in developing nations across the world. According to The Next Web, Haoliang Xu, the Assistant Secretary General at the United Nations said:
“We believe that blockchain is a technology that can have a huge impact in the developing world in numerous ways.