Blockchain is for Everyone

 By Christine Copper
February 29, 2020

Whether it be assisting in the fight against climate change or sending secure traceable funds to Syrian refugees, or even verified iris scans, blockchains hold the key. In the Digital Age, the United Nations is incorporating crypto to better aid and advance their cause. 

UN secretary-general Antonio Gutierrez has said the intergovernmental giant needs to embrace blockchain. The UN, at the top rung in their global efforts for humanitarian causes, believes blockchain to be a more effective force than what is currently in place.

In 2012 an astonishing 30% of all development assistance was lost due to corruption. Digital coins and their blockchain technology could have prevented the 2012 tragedy and its misappropriation of funds. This is actively an ongoing issue across the whole humanitarian sector at the UN office for project services. 

Cryptocurrency is more than just a currency, it brings unsurpassed secure transactions with its decentralization in ways cash and other various physical forms of financial assets cannot.

Ryan Miano, owner of crypto asset firm orca.digital says, “Digital assets aren’t just for the elite or the well-connected, blockchain technology opens financial markets to everyone. The main barrier is education and that gap is quickly closing for those who are willing to learn.”

Some of the most attractive features blockchains have to offer are their immutable, transparent, publicly accessible data records. This means secure transactions and traceable records via digital ledgers. Digital coins and their blockchains have expanded to more than 100 countries and counting. At present estimates, there are over 68 million cryptocurrency holders and traders around the globe. 

We are in the digital age that is predicated on the advancement of new and currently emerging technologies. Cryptocurrencies have already been spread across differing sectors of the globe making an indistinguishable impact and continuing to expand. With blockchain accelerating at record pace and helping to achieve developmental goals in finance, security, and technology; Cryptographic technologies will become mainstream in the near future.