The United Nations Development Programme has announced a partnership with the DFINITY Foundation. The collaboration, revealed on July 3rd, 2024, aims to leverage blockchain technology to implement the Universal Trusted Credentials initiative. The UTC initiative, originally launched in cooperation with the Monetary Authority of Singapore , seeks to create a framework that will improve domestic financing access for Micro, Small, and Medium Enterprises .
's Marcos Neto, UN Assistant Secretary General and Director of the Bureau for Policy and Programme Support, emphasized the significance of this partnership. "This collaboration marks a crucial step in our efforts to advance digital inclusion and economic empowerment for MSMEs, starting in Cambodia," Neto stated. Blockchain Technology at the Core The DFINITY Foundation, known for developing the Internet Computer blockchain, will play a key role in this initiative.
and the DFINITY Foundation represents a promising step towards addressing long-standing challenges faced by small businesses in accessing finance. By leveraging blockchain technology, the initiative has the potential to create a more transparent, secure, and accessible financial ecosystem for MSMEs.
's Marcos Neto, UN Assistant Secretary General and Director of the Bureau for Policy and Programme Support, emphasized the significance of this partnership. "This collaboration marks a crucial step in our efforts to advance digital inclusion and economic empowerment for MSMEs, starting in Cambodia," Neto stated. Blockchain Technology at the Core The DFINITY Foundation, known for developing the Internet Computer blockchain, will play a key role in this initiative.
and the DFINITY Foundation represents a promising step towards addressing long-standing challenges faced by small businesses in accessing finance. By leveraging blockchain technology, the initiative has the potential to create a more transparent, secure, and accessible financial ecosystem for MSMEs.
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