The United Nations Office for Project Services (UNOPS) has announced a collaboration with the IOTA Foundation to examine the feasibility of DLT streamlining its operations, according to Coindesk.
The new partnership announced on Tuesday stated that the two organizations plan to utilize IOTA’s tangle technology which is easily compatible with Internet of Things devices, due to its minimal computing requirements.
IOTA uses a different blockchain system from that of Bitcoin and Ethereum networks, which is one reason that the UN division has chosen to work with the foundation. UNOPS special advisor on blockchain tech, Yoshiyuki Yamamoto claims that the ledger “can be operated on battery power or alternative connectivity networks” in areas with “sporadic access to high-speed internet connections or even electricity”, essential for UN field operations.
Yamamoto points out that an important factor of the collaborative project is that UN will able to apply the technology to real-world use cases. The UN is increasingly using blockchain in numerous projects around the world. Thomson Reuters Foundation reports that the United Nations Development Program (UNDP) is launching a crypto-funded university solar energy project this year in Moldova in partnership with the South African solar power marketplace Sun Exchange, and many such projects are either underway or planned for the future.
UN aid efforts have a historic problem of fraud, mismanagement, and bureaucratic red tape, but with the ability to circumnavigate governments and banking institutions, transferring aid via blockchain can be far more efficient.
“We don’t do blockchain for blockchain’s sake. We have limited resources and personnel, so we have to focus our efforts on solving real-world challenges. Our priorities stem from our mission as an organization, not from the fads of the crypto space,” Yamamoto concluded.
Yamamoto could not predict how long it might take to move from a pilot phase to fully implementing IOTA’s technology due to the current educational nature of the collaboration.
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