The United Nations Development Programme (UNDP) is partnering with the Dfinity Foundation to pilot a digital credentialing system in Cambodia. This initiative, known as the Universal Trusted Credentials (UTC), aims to create a secure and verifiable way for individuals to share their qualifications and achievements.
Cambodia was chosen for the pilot program due to its openness to digital experimentation. The country’s experience with a central bank digital currency (CBDC) and its growing number of micro, small, and medium enterprises (MSMEs) made it an ideal testing ground for the UTC system.
The Dfinity Foundation, creators of the Internet Computer blockchain, will provide the underlying infrastructure for the UTC platform. This blockchain technology ensures the secure storage and management of digital credentials, fostering trust and reliability within the system.
Partnership Announcement with @UNDPtech!
Universal Trusted Credentials (UTC) launched in collaboration with @MAS_sg will leverage #ICP to enhance digital credential security to foster digital trust and financial inclusion for MSMEs globally 🌐 https://t.co/OdYMhsF1rh
— DFINITY (@dfinity) July 3, 2024