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 <li>ICP collaborates with UNDP and DFINITY Foundation to enhance financial access for MSMEs worldwide through the UTC initiative.</li>
 <li>UTC aims to improve domestic financing for MSMEs and unlock trade financing across countries by fostering cross-border data trust.</li>
 <li>DFINITY Foundation will develop a secure data infrastructure for the UTC pilot in Cambodia.</li>
</ul>
<p>The United Nations Development Programme (UNDP) has partnered with the DFINITY Foundation and ICP to revolutionize financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) worldwide. This collaboration centers around the Universal Trusted Credentials (UTC) initiative.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: <a href="https://twitter.com/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ICP</a> partners with UNDP to further develop financial inclusion with Web3!<br><br>The UN will be using the ICP blockchain to enhance their Universal Trusted Credentials to enhance digital trust for financial inclusion.<br><br>This is a HUGE move for DFINITY &amp; ICP as it now… <a href="https://t.co/vd179bKOev" rel="noopener noreferrer nofollow">pic.twitter.com/vd179bKOev</a></p>— Kyren (@noBScrypto) <a href="https://twitter.com/noBScrypto/status/1809111029885919245?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 5, 2024</a>
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<h2 class="wp-block-heading" id="h-a-leap-toward-digital-trust">A Leap Toward Digital Trust</h2>
<p>The UTC initiative seeks to enhance domestic access to <a href="https://www.worldbank.org/en/results/2013/04/05/msme-finance-expanding-opportunities-and-creating-jobs" rel="noopener noreferrer nofollow">financing for </a><a href="https://www.worldbank.org/en/results/2013/04/05/msme-finance-expanding-opportunities-and-creating-jobs" target="_blank" rel="noopener noreferrer nofollow">MSMEs</a>. Additionally, the UTC framework also unlocks access to trade financing across participating countries by fostering cross-border trust in data.&nbsp;</p>
<p>This ambitious vision aims to empower MSMEs by stimulating the adoption of digital technologies, including blockchain-based solutions. At the heart of this partnership is the <a href="https://cryptonewsland.com/dfinity-foundation-introduces-icp-asia-alliance-and-a-20-million-grant-for-blockchain-ai-growth/" rel="noopener noreferrer nofollow">DFINITY </a><a href="https://cryptonewsland.com/dfinity-foundation-introduces-icp-asia-alliance-and-a-20-million-grant-for-blockchain-ai-growth/" target="_blank" rel="noopener noreferrer nofollow">Foundation</a>.</p>
<p>This Foundation is popular for providing decentralized computer platforms and digital identity solutions. As the creator and major contributor to the <a href="https://cryptonewsland.com/internet-computer-icp-price-prediction/" rel="noopener noreferrer nofollow">Internet </a><a href="https://cryptonewsland.com/internet-computer-icp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Computer</a><a href="https://cryptonewsland.com/internet-computer-icp-price-prediction/" rel="noopener noreferrer nofollow"> Protocol (ICP)</a>, DFINITY brings cutting-edge technology to the table.&nbsp;</p>
<p>The ICP ensures a decentralized and tamper-proof data infrastructure. This provides the security and transparency essential for the UTC initiative’s success.</p>
<h2 class="wp-block-heading" id="h-cambodia-as-the-pilot-ground">Cambodia as the Pilot Ground</h2>
<p>The DFINITY Foundation will develop and test the prototype for the UTC initiative in Cambodia. This robust data infrastructure will securely store and manage digital credentials.&nbsp;</p>
<p><a href="https://www.linkedin.com/in/marcosneto" rel="noopener noreferrer nofollow">Marcos </a><a href="https://www.linkedin.com/in/marcosneto" target="_blank" rel="noopener noreferrer nofollow">Neto</a>, UN Assistant Secretary General and Director of UNDP’s Bureau for Policy and Programme Support, emphasizes the significance of this collaboration. He noted that by harnessing cutting-edge technology, we can create a more secure and accessible digital credentialing system that will drive sustainable development and economic growth.</p>
<p>Following the pilot in Cambodia, the project plans to expand to ten countries. Dominic Williams, Chief Scientist and Founder of the DFINITY Foundation stated that they represent the backbone of most economies.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/dfinity-foundation-introduces-icp-asia-alliance-and-a-20-million-grant-for-blockchain-ai-growth/" rel="noopener noreferrer nofollow">DFINITY Foundation Introduces ICP Asia Alliance and a $20 Million Grant for Blockchain &amp; AI Growth</a></li>
 <li><a href="https://cryptonewsland.com/internet-computer-icp-price-prediction-2022/" rel="noopener noreferrer nofollow">Internet Computer (ICP) Price Prediction 2022: Is $30 EOY Price Possible?</a></li>
 <li><a href="https://cryptonewsland.com/binance-ceo-says-the-priority-is-global-financial-inclusion/" rel="noopener noreferrer nofollow">Binance CEO Says the Priority Is Global Financial Inclusion</a></li>
 <li><a href="https://cryptonewsland.com/stellar-network-says-blockchain-is-answer-for-financial-inclusion/" rel="noopener noreferrer nofollow">Stellar Network Says Blockchain Is Answer for Financial Inclusion&nbsp;</a></li>
 <li><a href="https://cryptonewsland.com/internet-computer-icp-price-prediction/" rel="noopener noreferrer nofollow">Internet Computer (ICP) Price Prediction 2023 to 2031: Will ICP Price hit $20 Soon?</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/icp-partners-with-undp-and-dfinity/" rel="noopener noreferrer nofollow">ICP Partners With UNDP and DFINITY Foundation to Boost MSME Financial Inclusion</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

ICP Partners With UNDP and DFINITY Foundation to Boost MSME Financial Inclusion

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