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   715

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.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   93

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.