António Guterres, Secretary General of the United Nations, calls on the United Nations (UN) to adapt blockchain technology. For Guterres it is clear that the technology has enormous potential. Accordingly, the UN should adapt this future technology and thus correspond to the client in the digital age. In particular, the achievement of the goals for sustainable development could be better achieved with the new technology.
UN Secretary General advocates blockchain
The Secretary General of the United Nations, António Guterres, calls on the intergovernmental organization to adapt blockchain technology. A report dated December 28, 2019 shows that Guterres is open about the new technology. The Chinese President, Xi Jinping, and the children’s aid organization have already made it clear to the UN, which accepts Bitcoin and Ethereum donations to fund some projects, that technology will play a major role in the future.
China’s efforts to date in the blockchain sector have focused on preventing money laundering. Greater transparency in the processing of transactions also plays an important role. On the other hand, the UN focuses on more security for donors. These should be able to understand where their donations went. In addition, the use of distributed ledger technologies should reduce the complexity in the supply chain.
Blockchain as a success factor in sustainability goals
António Guterres further clarifies that the UN must use blockchain technology to fulfill its mandate. In particular, the focus is on achieving goals in sustainable development.
For this reason, Guterres presented the UN budget to the National Committee for the first time in 45 years. In total, the United Nations has made a budget of over $ 2.87 billion available. Of this, $ 3.3 million is attributable to sustainability goals. Compared to the previous year, this means an increase of around 10 percent. The main aim of the capital is to optimize inter-agency cooperation.
Already in September 2018, António Guterres made a speech about the potential of blockchain technology. At the time, the politician pointed out the global lack of trust and a general “disorder of trust”. However, the existing deficit could be resolved through the use of modern technologies – the UN Secretary General cited blockchain and AI as examples.
Secretary General of the UN sees a security risk in cryptocurrencies
In his speech at the time, the Secretary General noted that the anonymous cryptocurrencies in particular offer a comparatively high risk of abuse. However, this risk is disproportionate to the intended use of the blockchain. For example, the use of technology is crucial in realizing the sustainability goals by 2030.
There are currently five blockchain projects in the UN innovation network. For example, the International Telecommunication Union and the Organization for Food and Agriculture have joined forces to optimize the pig supply chain in Papua New Guinea. The UN capital development fund is also investigating the use of blockchain in the context of transfers in Nepal. The UN development program also relies on the blockchain to track cocoa in Ecuador.
Unicef has also been using blockchain since October 2019. The aid organization received the first Bitcoin and Ethereum donations to finance international startups that are supposed to solve the problems of the UN.