Blockchain Summit Explores New Technologies’ Potential for SDGs

Assistive Technology, ICT, News, June 29 2018

Blurred man sits in front of computer screens holding out a sticky note to the side. In focus, it reads 'block chain'

Photo by Hitesh Choudhary on Unsplash

INTERNATIONAL: Industry stakeholders representing the “blockchain ecosystem” discussed social innovation, fair and consistent public policy, and responsible guidelines for industry governance, during the first summit on blockchain held on the UN premises.

The Blockchain for Impact Global Summit took place on 4 June 2018, in New York, US. Blockchain for Impact (BFI) is a collaborative convening, advocacy and action platform for leaders in the growing global blockchain community as they seek to engage with leaders from the UN system.

Delivering welcome remarks, Sergio Fernández de Córdova, PVBLIC Foundation chair, noted that new technologies open opportunities to create “purpose-driven businesses,” and highlighted the importance of scalable technologies that can do good and help accelerate SDGs implementation.

Marie Chatardová, UN Economic and Social Council (ECOSOC) President, expressed the Council’s commitment to harnessing the power of “frontier technologies” for sustainable development. She noted that frontier technologies cross boundaries between sectors and countries, and offer greater opportunities for collaboration.

Navid Hanif, UN Department of Economic and Social Affairs (DESA), said frontier technologies bring both enthusiasm for new opportunities as well as questions about their impacts on jobs, economies, societies and the way we engage in public fora. Increasing access to financial services for the underserved is an area of potential impact: over the past three years, a half billion people have gained access to financial services. Technologies also have reduced data gaps significantly, improving both tax collection and public services delivery, he reported. Among the issues needing careful consideration, Hanif mentioned the complexity that blockchain brings to transactions, potential instability for financial systems, and an unsustainably high use of energy. He cautioned that nothing automatically translates into equality and inclusivity, and thus policies are needed to ensure that no one is left behind.

For the full article, visit the source: IISD SDG Knowledge Hub

Re-posted with permission


Share this post: