The United Nations Capital Development Fund (UNDCF) and the United Nations Development Programme (UNDP) are working with a technology nonprofit to build a blockchain-based ID system for Sierra Leone’s population.
The nonprofit, Kiva, will use its institutional protocol of the same name to create a credit bureau that would allow Sierra Leone citizens to have secure ownership of their identities, similar to blockchain assets in a decentralized network like that of bitcoin (BTC), CCN reported.
Credit is important, particularly for those involved in startup companies or small businesses that need capital to launch or expand services. Currently, 80 percent of the African nation’s citizens have no access to a formal identification system. Read more here.