The United Nations (UN) has completed initial tests on the Ethereum testnet, and they are continuing subsequent testing, to place the World Food Program (WFP) on the Bitcoin and/or Ethereum blockchain. Currently, the UN WFP system suffers from many-many fees, a lack of privacy for the recipients, and risks associated with relying on centralized or startup companies. By moving this system to the Ethereum blockchain, the UN will be able to empower beneficiaries, lower costs, and reduce redundancy in the system of UN services.

The technology being developed by the UN and the WFP is part of a more ambitious initiative to “make the UN’s services so resilient that they could survive even the destruction of the UN itself”. The stated goal of placing these services on the blockchain distributed ledger and system of smart contracts is to “deal with this in a way that even if the WFP did not exist in 10 years time the beneficiaries could still benefit from the system”.

=== About Minting Coins™ ===

It’s time to join the CRYPTOCURRENCY Revolution.

If this video helped, inspired, or enlightened you ~
…then please Follow, Like, & Subscribe to help our channel!

Get Bitcoin & Ethereum, here:

=== Follow, Like, & Subscribe! ===

Minting Coins™ Official Website:
➨ Get Your Minting Coins™ T-shirt Here:
➨ Like us on Facebook:
➨ Follow us on Twitter:

=== Copyright/Copyleft ===

Not withstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work for purposes such as criticism, comment, review and news reporting is not an infringement of copyright. We are making such material available for the purposes of criticism, comment, review and news reporting which constitute the ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. ALL footage used is either done under the express permission of the original owner, or is public domain and falls under rules of Fair Use.

Liked it? Take a second to support MintingCoins on Patreon!
Become a patron at Patreon!

Leave a reply

Your email address will not be published. Required fields are marked *

* (Minting℠ & Minting Coins®) © 2024 TechnoRealism, Inc., UCC § 1-308Privacy


We're not around right now. But you can send us an email and we'll get back to you, asap!


Log in with your credentials


Forgot your details?

Create Account

Login with Patreon