A UN agency dedicated to facilitating international and national trade is putting together a pair of white papers centered on blockchain technology.
A project proposal detailing the work was published yesterday by the UN Centre for Trade Facilitation and Electronic Business (CEFACT), a subsidiary of the Economic Commission for Europe.
The organization is developing the two white papers – one focused on technical matters and the other on business cases – as well as a half-day workshop, tentatively scheduled for sometime this autumn.
The project was officially approved on 20th April, with CEFACT noting in the proposal:
"The scope of this project is to look at how existing UN/CEFACT deliverables could be used by blockchain application developers ... possible changes to existing UN/CEFACT deliverables, or new deliverables, that could be considered in order to support blockchain trade-facilitation related applications … [and] how blockchain technology could be used to facilitate trade and related business processes."
This is the latest blockchain development out of the UN, which has seen a number of its agencies pursue activities around the tech in recent weeks and months.
Perhaps most notably, the World Food Programme (WFP) began a large-scale aid distribution trial based in Jordan this week, one that leverages the ethereum blockchain to process transactions.
The trial began with an initial focus group of 10,000, but the agency said it could see expansion in the months ahead to include all refugees in the country.
UN headquarters image via Shutterstock
ResearchTradeUnited NationsWhite Papers
Binance Secures New Funding From Vertex Ventures
Correction: This article has been corrected to note that Temasek Holdings did not play a role in the investment, as was initially reported. Vertex Ventures is a limited partner with Temasek.
Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist
Pop over to CoinMarketCap and check Bitfinex's page.
You'll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writi
Coinbase Approved to Offer Crypto Custody Services in New York
Coinbase has received approval from New York regulators to form a qualified custodial firm for cryptocurrencies.
The New York Department of Financial Services (NYDFS) said Tuesday that it granted C
Elon Musk Sparks Speculation With Cryptic Crypto Tweet
Elon Musk, the founder of SpaceX and Tesla, just made a mysterious tweet about bitcoin that's whipping up speculation across social media and the cryptocurrency community that it may be more than just
Coinbase Adds Its First Stablecoin Tied to the US Dollar
Crypto exchange Coinbase announced support for the Circle-issued stablecoin Tuesday.
In a blog post, the exchange said U.S. customers outside the state of New York can now buy, sell, send and recei
Australian Government Agency Says Blockchain 'Interesting' But Hyped
The Australian government agency dedicated to streamlining the country's IT operations has called blockchain "interesting," but said it is hyped by firms working with the tech.
The chief digital of
Japan's SBI Group Is Building a New Crypto Exchange Wallet
Japanese financial services giant SBI Group has partnered with a blockchain security startup to develop a digital wallet for its recently launched cryptorrency exchange.
The Denmark-based startup,
New SEC Commissioner Briefed on Bitcoin ETF in October Meeting
The newest commissioner with the U.S. Securities and Exchange Commission met with representatives from money manager VanEck and blockchain startup SolidX earlier this month to discuss a bitcoin-based