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UN thinks decentralized tech will help Sierra Leone’s credit crisis


Two divisions of the United Nations are joining forces to bring distributed ledger technology (DLT) to Sierra Leone. The project will try to give citizens greater control of financial credit and identification. At the 73rd UN General Assembly, the organization announced the UN Development Program (UNDP) and the UN Capital Development Fund (UNCDF) have reached agreement with Sierra Leone’s president, Julius Maasda Bio, to modernize the country’s credit system. Non-profit Kiva, which crowdfunds loans for the less advantaged, will also join the UN project. “The Government of Sierra Leone has signed a Memorandum of Understanding (MOU) with UNDP, UNCDF and…

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