Connect with us

Hi, what are you looking for?

Income Innovator HubIncome Innovator Hub

Editor's Pick

United Nations Development Program Partners Algorand to Train 22,000 Employees in Blockchain Technology

Source: Pixabay

The United Nations Development Program (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in a bid to train staff on the technology.

Speaking at the Algorand Impact Summit on Nov 30, Robert Pasicko, a UNDP expert announced the partnership to drive sustainable development as the agency performs its core functions including poverty alleviation.

According to the press release, the Algorand Foundation, the body responsible for the development of the Algorand network, will launch a blockchain academy in 2024 to equip over 22,000 UNDP employees globally with associated skills.

“The Algorand Blockchain Academy will launch in 2024 and is designed to bolster UNDP staff capacity through education and training in blockchain technology and its practical applications for sustainable development.”

DLT education for sustainable development


The distributed ledger technology (DLT) education program will consist of lectures, assignments, and workshops tailored for employees across 170 countries.

Duro Unger-Lee the head of education at Algorand noted that the partnership with UNDP will drive innovation in many ways for the good of most communities.

“We see this education and tooling initiative as a critical first step toward identifying and delivering actionable, on-the-ground use-cases of blockchain to help achieve the Sustainable Development Goals in a number of areas.”

Pasicko also added that blockchain technology will be used to address complex global challenges with workers acquiring the necessary skills.

“We are thrilled to be in a position to leverage the credibility and expertise of the Algorand Foundation and key members of their ecosystem in order to upskill, empower, and inspire UN practitioners around the world,” he added

Blockchain to solve global problems


Over the years, several international organizations have leveraged DLT to solve problems in diverse industries leading to wider research and adoption of the technology.

The recent Algorand and UNDP partnership highlights four cardinal issues; financial inclusion, supply chain transparency, real-world asset tokenization, and digital identity.

As the UNDP goes on its social welfare mission, people in disadvantaged rural areas need to be brought into fiscal planning and development to reverse the trend of the unbanked population.

New podcast with Adeniyi Abiodun, Co-Founder of @Mysten_Labs

In this conversation, @mattzahab and @EmanAbio discuss:

– Facebook’s blockchain/cryptocurrency Diem (aka. Libra) Network
– Move programming language
– Working at Facebook

https://t.co/rBCOsWWQqZ pic.twitter.com/6dFobmUdK7

— Cryptonews.com (@cryptonews) October 17, 2023

Bringing financial services closer to every community will solve poverty in many ways as people will have the right incentives to create businesses to cater to people in border towns.

For more efficiency, supply chain transparency is needed to tackle production and distribution issues. From food production to pharmaceuticals, blockchain can automate the entire process, saving costs and expanding businesses.

There is also a recurring issue of fake and substandard products which can be solved by utilizing DLT from production to retail stores.

As big traditional finance firms move towards tokenization of assets, the United Nations and other international organizations look to bring the initiative to more countries as part of broader plans toward sustainability.

Finally, digital identities will be created to ease agency operations in multiple countries.

The post United Nations Development Program Partners Algorand to Train 22,000 Employees in Blockchain Technology appeared first on Cryptonews.

Enter Your Information Below To Receive Latest News, And Articles.

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Source: Ark Invest / Instagram ARK Investment Management, led by prominent investor Cathie Wood, has reduced its holdings in the Grayscale Bitcoin Trust (GBTC)...

    Latest News

    A super PAC that has overseen much of Ron DeSantis’s presidential operation has fired its CEO less than two weeks after the previous chief...

    Stock

    Popeyes is expanding its menu beyond chicken sandwiches — and it’s a permanent change this time. The fast-food chain announced Wednesday it’s adding five...

    Latest News

    WINDHAM, N.H. — It’s pouring rain Saturday morning as New Hampshire Gov. Chris Sununu (R) arrives at Mary Ann’s diner in Windham, fielding calls...

    Disclaimer: Incomeinnovatorhub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 incomeinnovatorhub.com