Blockchain to control child trafficking

United Nations partnered with World Identity Network in aim to use blockchain technology in child trafficking prevention
13 November 2017   855

The announcement about partnership of the World Identity Network, the United Nations Office for Project Services and the United Nations Office of Information and Communications Technology was made during Humanitarian Blockchain Summit held on November 10 in Fordham University at Lincoln Center in New York.

The partnership is aimed at developing a project which will use blockchain technology in a fight againt trafficking of children which is spreading in the world. The project is a part of a broader effort under the name "Blockchain For Humanity".

Several developing countries are actively looking at more efficient ways to prevent child trafficking. Identification is always at the heart of the solution.

Mariana Dahan

CEO, World Identity Network

United Nations statistics shows that almost half of all children in the world under the age of 5 do not have a birth certificate and a majority of those children live in the poorest countries in the world. These children are so to say "invisible" to governments or development agencies that design and deliver social programs. Those "invisible" children remain at risk of being used for illegal child trafficking.

As it is stated in the release, blockchain technology will be used to store digital identities on a blockchain, providing an opportunity to catch child traffickers easier and to trace and prevent attempts of trafficking. 

In a move to develop the project, the partnered organisations are looking for support from private companies, non-governmental organisations and others that are willing to contribute to help to do away with child trafficking.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   91

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.