The United Nations Development Programme shared the details of a new partnership with the DFINITY Foundation, the nonprofit behind Internet Computer Protocol . The partners will work together to develop and maintain a universal credentials kit for small businesses.Internet Computer Protocol blockchain
Initially, it was developed together with the Monetary Authority of Singapore and other strategic partners and implemented in several countries. It is designed to unlock access for MSMes to trade financing across participating countries due to the enhanced cross-border trust in the data provided.Here’s When Ethereum ETFs Are Going to Launch
The partnership with the DFINITY Foundation marks a pivotal moment in our efforts to advance digital inclusion and economic empowerment for MSMEs in Cambodia. By harnessing cutting-edge technology, we can create a more secure and accessible digital credentialing system that will drive sustainable development and economic growth.
MSMEs represent the backbone of most economies, and the UTC initiative represents a unique opportunity to bring transparency and increase inclusion within a financial system that often fails to cater to their needs. By utilizing the Internet Computer blockchain technology, the UTC initiative is set to benefit from over a thousand person-years of research and development and will be supported by some of the leading cryptographers and experts in the field of digital identity.