Fun

United Nations, ICP launch digital credentials pilot in Cambodia

News Feed - 2024-07-04 03:07:00

Derek Andersen5 hours agoUnited Nations, ICP launch digital credentials pilot in CambodiaThe UNDP’s Universal Trusted Credentials will get its second trial in Cambodia. The plan is to create a 10-country ecosystem.673 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksCambodia has been chosen as the site of a pilot program for a blockchain-based platform for the Universal Trusted Credentials (UTC), a digital credentialing system developed by the United Nations Development Program (UNDP). The Dfinity Foundation, developer of the Internet Computer blockchain, will work with the UNDP on the program.


Internet Computer will provide infrastructure for securing and managing UTC. The Singapore Monetary Authority and other bodies collaborated with UNDP on UTC, which was introduced in November and intended to encourage the participation of micro, small and medium enterprises in the digital economy.An ecosystem in the making


The pilot is expected to roll out in 10 countries in time. Dfinity Foundation founder Dominic Williams said in a statement:“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.”


The MAS and Bank of Ghana — another participant in UTC development — completed a proof-of-concept using the UTC in May. That project used a semi-fungible token (SFT) to transfer such information as licenses and trade records. Know Your Customer verification can also be included in an SFT.UTC data structure. Source: UNDP Singapore Global CentreICP, Cambodia are ready partners for UNDP project


Cambodia provides fertile ground for digital experimentation. The Securities and Exchange Regulator of Cambodia has an agreement with Binance on developing digital asset regulation. Its CBDC-like Bakong currency can be used worldwide on the Alipay retail network and has served as a model for Laos’ proposed central bank digital currency, which is in the proof-of-concept phase.Source: Dfinity


Related: Dfinity launches Web3 accelerator platform on the Internet Computer


Internet Computer is creating a decentralized ecosystem to serve as an alternative to cloud providers. In June, it introduced a protocol for verifying Web3 users’ identities with a passkey system that is not dependent on wallets. It has also developed a platform for government agencies and enterprises that allows them to use their own hardware on a private cloud to guarantee their cybersecurity.


Magazine: Bitcoin in Senegal: Why is this African country using BTC?# Blockchain# Business# Identity# Cambodia# United Nations# TokensAdd reaction

News Feed

72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
Este artículo también está disponible en español. In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This inte
Turner Wright2 hours agoRipple legal team opposes SEC appeal over XRP decisionLawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not larg
Cream Finance Suffers $130 Million Hack
Cream Finance Suffers $130 Million Hack Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news
Starbucks to end NFT program, Ghostface Killah on Bitcoin Ordinals: Nifty Newsletter
Ezra Reguerra5 hours agoStarbucks to end NFT program, Ghostface Killah on Bitcoin Ordinals: Nifty NewsletterStarbucks is pulling the plug on its NFT rewards program, shutting down its Discord server and transitioning its
Price analysis 3/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX
Rakesh Upadhyay6 hours agoPrice analysis 3/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAXBitcoin looks ready to blast above its all-time high, but traders should remember that vertical rallies are rarely sustainab
Flexible Staking Now Live on Bybit’s ByFi Center
Flexible Staking Now Live on Bybit’s ByFi Center sponsored Bybit recently launched Flexible Staking on its ByFi Center. This new service allows traders to stake BTC, ETH, USDT, an
Microsoft pours $2.2B into Malaysia for cloud, AI expansion
Amaka Nwaokocha14 hours agoMicrosoft pours $2.2B into Malaysia for cloud, AI expansionIn a statement, Microsoft said it will collaborate with the Malaysian government to establish a “national AI Center of Excellence”
90 Million More People Can Now Spend Crypto With TenX
90 Million More People Can Now Spend Crypto With TenXTenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria.It supports Bitcoin
US Real Estate in Jeopardy – Analysts Predict Housing Market Crash to 29-Year Lows
US Real Estate in Jeopardy - Analysts Predict Housing Market Crash to 29-Year Lows As the coronavirus outbreak ravages the global economy, a number of industries are taking a bit
XRP Price Set To Resume Upside: Is Momentum Building?
Este artículo también está disponible en español. XRP price is holding gains above the $0.5450 zone. The price seems to be eyeing more gains above the $0.5550 and $0.5650
OKX exchange exiting Nigeria due to regulatory concerns
Vince Quill2 hours agoOKX exchange exiting Nigeria due to regulatory concernsThough the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months.644 Total viewsL
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’
Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause "Multiple Black Swans" Wall Street’s major indexes closed the d