The United Nations Development Programme (UNDP) and the DFINITY Foundation plan to use the cutting-edge technology of the Internet Computer blockchain to strengthen the Universal Trusted Credentials (UTC) project, aiming to broaden the digital trust boundaries and financial inclusion of micro, small and medium-sized enterprises (MSMEs) around the world. The project is rooted in the UTC framework built by the Monetary Authority of Singapore (MAS) and multiple partners. The goal is to promote the smooth financing channels of SMEs at home and abroad by deepening trust in digital information. The DFINITY Foundation will contribute its expertise in decentralized computing and digital identity to tailor and test a prototype system for the Cambodia UTC pilot. The Internet Identity (II) technology of the Internet Computer blockchain will ensure the secure storage and efficient management of digital credentials, further strengthen the trust foundation of the UTC system, and build a more stable and sustainable financial ecosystem for SMEs.

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