A UN agency dedicated to facilitating international and national trade is putting together a pair of white papers centered on blockchain technology.
A project proposal detailing the work was published yesterday by the UN Centre for Trade Facilitation and Electronic Business (CEFACT), a subsidiary of the Economic Commission for Europe.
The project was officially approved on 20th April, with CEFACT noting in the proposal:
“The scope of this project is to look at how existing UN/CEFACT deliverables could be used by blockchain application developers … possible changes to existing UN/CEFACT deliverables, or new deliverables, that could be considered in order to support blockchain trade-facilitation related applications … [and] how blockchain technology could be used to facilitate trade and related business processes.”
This is the latest blockchain development out of the UN, which has seen a number of its agencies pursue activities around the tech in recent weeks and months.
The trial began with an initial focus group of 10,000, but the agency said it could see expansion in the months ahead to include all refugees in the country.
UN headquarters image via Shutterstock