United Nations Used Ethereum Blockchain

in #unitednation7 years ago

United Nations WFP uses the Ethereum Blockchain for transfering vouchers based on cryptocurrencies to refugees in Syria. The platform was used to transfer cryptocurrency vouchers to a total of 10k people. It was done through another platform that was created by Parity Technologies.

  

Blockchain tech expands:

 The projects which was planned by the UN that the Blockchain technology has the potential to really impact on the whole world making the transactions more efficient and secure.In fact, a report by Oracle reveals that lots of industries will definitely be impacted by the innovation of Blockchain technology.Some of the industries that are expected to be affected positively by Blockchain technology would be the healthcare industry, energy sector and, most notably, governments. With regards to governments, the flow of currency transactions can be made more efficient and also safer at the same time, which could lessen the presence of dis-crepancies in the money.With the use of Blockchain technology being heavily considered by many institutions and business as of present, the world can definitely expect to see more industries and sectors making use of Blockchain technology.