NEW YORK, Aug. 25, 2017 /PRNewswire/ -- On Thursday, August 17, 2017, a global blockchain technology conference was held at the United Nation's Office of Information and Communications Technology (OICT). The purpose of the discussion was to focus on why the blockchain matters to the UN and its member states. The seminar emphasized the importance of technology and innovation in blockchain among the United Nations and its Member States, and also explored ways to apply this emerging technology to the improvement of the global economy.
This event was only open to individuals holding a United Nations identification card (including Member State delegates, representatives of civil society organizations,etc). OICT's Jorge Martinez-Navarrete and Vanessa Ko discussed blockchain and cryptocurrency applications, Heather Starikie of OICT Digital Blue Helmets explained how blockchain projects and initiatives are accelerating propress within the UN.
Of note, Taynah Reis, CEO of Moeda -- the first global cooperative banking platform enabled by blockchain -- shared her team's solution to transparent impact investing using blockchain technology. Moeda was the winner of UN Blockchain SDGs Hackathon and demonstrated how the technology would enable entrepreneurs (in particular underprivileged women) the ability to build sustainable futures for themselves and their families.
The Moeda platform will not only solve the unbanked's identity problem by giving those who cannot get access to the traditional banking system, but also connect the investors with borrowers by tracking and monitoring every dime of the invest. By doing so, Moeda will built transparency and accountability into a traditionally obscure industry so that grassroots entrepreneurs can obtain the loans they need to grow businesses.
Blockchain, although still nascent, is widely considered a multi-faceted disruptor and is already bearing blossom. Besides the UN, more than three quarters of major financial institutions globally are looking to leverage blockchain technology within their own organizations. Further, startups like Moeda have demonstrated that blockchain is an invaluable technology to build infrastructure and accountability into existing systems. As such, while blockchain may not be a panacea, but it most certainly has demonstrated its ability to be the key to the future.