The UN’s blockchain-based identity verification system, implemented to improve its global pension program, has successfully transformed a 70-year-old process, reducing errors and fraud, with plans to extend the technology to other international organizations.
The United Nations has fully implemented blockchain technology in its Joint Staff Pension Fund, replacing a paper-based system that had been in place for 70 years. This transformation, achieved in partnership with the Hyperledger Foundation, benefits over 70,000 global beneficiaries. The shift, which began with a pilot in 2020 and full deployment in 2021, has reduced errors, fraud, and payment suspensions, with the UN planning to expand the system further and share it as a ‘digital public good’ with other international bodies.