{"id":10826,"date":"2018-09-17T12:24:12","date_gmt":"2018-09-17T12:24:12","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=10826"},"modified":"2018-09-17T12:24:12","modified_gmt":"2018-09-17T12:24:12","slug":"denmark-to-use-a-cryptocurrency-to-help-developing-countries","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/denmark-to-use-a-cryptocurrency-to-help-developing-countries\/","title":{"rendered":"Denmark to use a cryptocurrency to help developing countries"},"content":{"rendered":"<p>Denmark is planning to use a cryptocurrency to provide humanitarian assistance, the first such instance of a donor state using blockchain technology for humanitarian efforts. To this end, a report was developed by the Danish Ministry of Foreign Affairs, Sustania Analytical Center and Coinify (Europe&#8217;s largest cryptocurrency platform) to examine how blockchain technology can solve problems that arise when providing assistance to developing countries. Specifically, the report identified how blockchain technology can provide fast and safe money transfers as well as which cryptocurrencies (or perhaps a completely new one) would be best-suited for humanitarian assistance.<\/p>\n<p>While blockchain technology is still developing and is not yet fully-trusted, some specific test projects have already been identified, including: (1) a project for working with off-the-grid sources of renewable energy and (2) a project to allow for donations to specific projects via the use of \u201csmart contracts\u201d.<\/p>\n<p>It is widely believed that blockchain technology can help solve many problems of developing countries. In India for example, there are plans to use it to fight fraud in the real estate industry.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-10826 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Open banking in the UK: one year out'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-in-the-uk-one-year-out\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/open-banking-in-the-uk-one-year-out-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13037\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13037'>\n\t\t\t\tOpen banking in the UK: one year out\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='DT Fraud Conference 2019 \u2013 banking and payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/dt-fraud-conference-2019-banking-and-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/11\/dt-fraud-conference-2019-banking-and-payments-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11651\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11651'>\n\t\t\t\tDT Fraud Conference 2019 \u2013 banking and payments\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Remote authentication potential consequences: a case study in Russia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/remote-authentication-potential-consequences-a-case-study-in-russia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/04\/\u0411\u0435\u0437-\u043d\u0430\u0437\u0432\u0430\u043d\u0438\u044f-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3695\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3695'>\n\t\t\t\tRemote authentication potential consequences: a case study in Russia\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Denmark is planning to use a cryptocurrency to provide humanitarian assistance, the first such instance of a donor state using blockchain technology for humanitarian efforts. To this end, a report was developed by the Danish Ministry of Foreign Affairs, Sustania Analytical Center and Coinify (Europe&#8217;s largest cryptocurrency platform) to examine how blockchain technology can solve &hellip;<\/p>\n","protected":false},"author":5,"featured_media":11010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[45,399,105,70,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10826"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=10826"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10826\/revisions"}],"predecessor-version":[{"id":11011,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/10826\/revisions\/11011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/11010"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=10826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=10826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=10826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}