Crypto & Blockchain News

United Nations Forms Blockchain Standards Group in collaboration with IGF and GBA

[ad_1]

The United Nations (UN) has once again turned its attention to blockchain technology, joining forces with the Internet Governance Forum (IGF) and the Government Blockchain Association (GBA) to form a blockchain standards group. This move demonstrates the increasing interest of international governance organizations in the potential of blockchain.

On 1 June 2023, the IGF Secretariat approved the formation of the Dynamic Coalition on Blockchain Assurance and Standardization, as confirmed by Gerard Dache, executive director of GBA. Leading the coalition are Dache and Dino Cataldo Dell’Accio, chief information officer for the United Nations Joint Staff Pension Fund.

The main aim of the coalition is to conduct in-depth research into the blockchain space and its various solutions. By soliciting input and proposing recommendations to the United Nations, the coalition aims to establish best practices and guidelines applicable to various industries that have used or are considering adoption of blockchain technology.

In an interview with Blockworks, Dache revealed that around 50 GBA working groups will contribute to publishing these best practices, which cover topics such as mining, cryptocurrencies, and decentralized autonomous organizations (DAOs). However, as each group operates on its own schedule, the specific timetable for the release of these guidelines is uncertain.

The coalition’s focus extends to several key industries, including artificial intelligence, communications infrastructure, digital identity, economic development, environmental management and supply chain management, as stated in the official announcement by IGF.

Additionally, the GBA will develop blockchain guidelines specifically tailored to areas within the public sector, such as voting, healthcare, and education. To ensure progress, regular weekly and monthly meetings will be held for each sector the coalition wishes to standardize.

Dache emphasized that the motivation behind forming the coalition came from governments and companies around the world expressing interest in implementing their own blockchain solutions. However, a lack of knowledge in distinguishing legitimate projects from fake ones hampered their progress. Coalition efforts are aimed at addressing this issue and providing clarity.

It is noteworthy that the UN’s involvement in shaping the development of blockchain technology came not long after the European Union (EU) announced its Web4 initiative, bypassing Web3 altogether.

As blockchain technology continues to evolve, the collaboration between the UN, IGF, and GBA will play an important role in setting industry standards and promoting responsible blockchain adoption in various sectors.

[ad_2]

Source link

Related Articles

Back to top button