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Leveraging technology to achieve the Sustainable Development Goals

Mahmoud Mohieldin's picture
A drone delivery project made Rwanda the first country in the world to use the drone technology at the service of saving lives. © Sarah Farhat/World Bank
A drone delivery project made Rwanda the first country in the world to use the drone technology at the service of saving lives. © Sarah Farhat/World Bank


Billions of people are connected by mobile devices, with unprecedented processing power, storage capacity, and access to knowledge -- foreshadowing stunning possibilities.  This potential is multiplied by technologies such as artificial intelligence, robotics, big data processing, the internet of things, autonomous vehicles, 3-D printing, blockchain, etc.
 
This so called 4th industrial revolution can help accelerate progress towards the Sustainable Development Goals (SDGs). Indeed, Science, Technology and Innovation, together with Financing for Development, were identified by the UN as one of the two main “means of implementation” to achieve the SDGs by 2030 as it cuts across all SDGs as highlighted by International Telecommunication Union’s Fast Forward Progress Report – Leveraging Tech to Achieve the SDGs.

Can cryptocurrencies and blockchain help fight corruption?

Enrique Aldaz-Carroll's picture
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© Pixbaby/Creative Commons
© Pixbaby/Creative Commons


Blockchain and cryptocurrencies similar to Bitcoin could transform the way we make payments and do business. They also hold great promise as a method of fighting corruption.

Technological advances have made it possible to dramatically increase the accountability and transparency of public financing to reduce corruption. For example, if a government decides to construct a road, it can now track how each dollar is being spent, identify all the users of the funds, and ensure that only those authorized to spend money do so on originally intended expenses within the permitted time. Fraud and corruption investigations that now take on average 15 months could be performed at the touch of a button and at a fraction of the cost. More importantly, this type of financial tracking would be a deterrent for bribes in the public sector, which amount to between $1.5 trillion and $2 trillion annually, roughly 2 percent of global GDP. This in turn would increase development impact. All it would take is adopting a cryptocurrency and using blockchain software.