US Pentagon to modernize existing systems with blockchain technology

The Government of Sierra Leone plans to fully adopt a blockchain-based national identity system by the end of 2019. This information was released by Cointelegraph this week.

As Cripto F?cil reported at the time, the new project has strengthened the country’s blockchain technology, which has been used to carry out presidential elections in 2018.
Partnership with the United Nations Sierra Leone President Julius Maada Bio said the new infrastructure would allow financial institutions to verify identities and create credit histories for their customers.

The new project, called the National Digital Identity Platform (NDIP), is a collaboration between the United Nations (UN) and the non-profit Kiva, a key technology partner based in San Francisco and Sierra Leone since September.

According to the report, the NDIP will be implemented in two main phases. The first relates to the digitization of identity.

The second should be completed by the end of the year and involve the creation of non-repeatable, non-reusable and generally recognized national identification numbers.
The president said access to blockchain’s financial and credit facilities could significantly improve the lives of citizens of the country and make them more economically resilient. He said the new national identification system “directly translates into citizens who have access to affordable credit for business investment.”

President Maada Bio emphasizes the platform’s high-security standards, stating that each resident’s data will be stored with the national civil registry and kept strictly confidential, in accordance with international norms and practices.

He also noted that the platform’s ability to write new data modification records is one of the key advantages of implementing blockchain technology. With elections and digital identity, blockchain will become a multisectoral solution in Sierra Leone, with more than 85 percent of the population having no access to the Internet and at least 75 percent having no bank accounts.

(Excerpt) Read more Here | 2019-09-09 05:41:00
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.