The UN Needs to Embrace Blockchain- Antonio Guterres

News / 28.12.2019

Antonio Guterres recently commented on the necessity of the United Nations to adopt blockchain technology. Guterres thinks that blockchain technology should be one of those utilized by the organization. According to him, blockchain adoption is vital for improved delivery of the organization’s mandate in the digital age for the accelerated success of Sustainable Development Goals.

Guterres, the secretary-general of the organization, is highly speaking of blockchain technology. His High-level Panel on the Digital Cooperation approach purposely places blockchain technology on the agenda. Besides, he talked about how blockchain technology can solve declining trust in national institutions, among states, and rule-based international order. Nevertheless, Guterres pointed out the demerits of cryptos, saying some criminals use blockchain.

Reactions to the Antonio Guterres Proposal

Neil Wals, a UN official, cautioned that cryptocurrencies do not make it easy to combat money-laundering. However, there is a remarkable growth in the organization’s blockchain use since Guterres developed the digital cooperation program. Another report noted the launch of a blockchain tool by the organization to prevent the exploitation of migrant workers in Hong Kong.

In July this year, reports highlighted the organization’s ongoing efforts on blockchain solutions to achieve sustainable urban development in Afghanistan. Additionally, another official of the organization in charge of a specialized agency for auditions said that blockchain technology might provide immense benefits across aviation systems worldwide.

Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.