The United Nations Development Programme (UNDP), responsible for eradicating poverty in more than 170 nations, aims to enhance the proficiency of its 22,000 personnel in blockchain technology.
In a statement on November 30, the UNDP disclosed its collaboration with the Algorand Foundation to establish a blockchain academy scheduled to commence in 2024.
The academy’s primary objective is to educate UNDP’s global workforce on distributed ledger technology and blockchain applications. The curriculum will cover topics such as financial inclusion, supply chain transparency, real-world asset tokenization, and digital identity applications.
The partnership, announced during the Algorand Impact Summit in New Delhi, is expected to empower and inspire UN practitioners worldwide.
UNDP and Algorand Join Forces for Global Blockchain Tech Training
Furthermore, Robert Pasicko, UNDP’s expert in alternative finance and low carbon development, conveyed that this collaboration would facilitate the upskilling of staff through lectures, workshops, and practical assignments.
He emphasized the importance of providing the team with the necessary tools to address intricate global challenges using blockchain technology.
Doro Unger-Lee, Head of Education and Inclusion at the Algorand Foundation, highlighted the significance of education as a crucial initial step toward implementing practical use cases of blockchain. This, she stated, would contribute to achieving the Sustainable Development Goals in various domains.
Algorand’s ALGO Remains Stable Amidst United Nations’ Blockchain Tech Training Initiative
Algorand, recognized for its layer-1 blockchain offering secure and scalable applications, witnessed minimal movement in its native token, ALGO, following the announcement. The token was trading up 1.5% on the day at $0.135 at the time of reporting.
Additionally, the United Nations has been actively exploring blockchain applications for several years. In 2018, the UNDP collaborated with the Blockchain Charity Foundation (BCF) to promote the use of distributed ledger technology for social good.
Moreover, UN Secretary-General António Guterres established a ‘High-Level Panel on Digital Cooperation’ in 2018, with a specific focus on blockchain technology.