UN will use blockchain to help refugees
At a panel discussion organized by Decentral House in Switzerland, UNHCR Director of Finance and Administration Carmen Hett said the humanitarian agency had begun developing a blockchain-based system for personal identification. Other international agencies, including the International Telecommunication Union (ITU) and the World Trade Organization (WTO), also attended the conference and shared ideas on how to integrate blockchain into their business processes.
UNHCR intends to use USDC stablecoins, which are popular among many traders and can be easily exchanged for fiat money. Given that there are more than 114 million refugees worldwide, the UN will be much easier to carry out its tasks with the help of blockchain, Hett noted. UNHCR has already tested its blockchain solution in Ukraine, receiving the Best Impact Project Award at Paris Blockchain Week 2023.
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