Project Info
Project Code
2225U
Tranche
T14
Tranche Type
Regular
Status
Active
Title
Blockchains for facilitating trade and enhancing competitiveness
Entities
Implementing Entity (Lead)
ESCWA
Jointly Implementing DA Entities
ECA
ESCAP
ECE
ECLAC
UNCTAD
Financial and Evaluation Info
Total Budget
$663,000.00
Project Selected for Evaluation
No
Countries and Regions
Areas of Work
SDG
17
1
3
5
6
7
8
9
12
13
16
SDG Targets
17.6
1.4
3.8
5.c
6.a
7.2
8.3
9.4
12.1
13.3
16.9
Brief Description
This project brings together UNESCWA and the four other UN regional commissions for Africa (ECA), Europe (ECE), Latin America and the Caribbean (ECLAC), Asia and the Pacific (ESCAP) as well as UNCTAD. Thereby, it ensures both global reach and regional presence, international cooperation, and exchange of knowledge and good practices from all over the world. The project will strengthen national innovation and technological capacities related to the use of blockchain technology in customs and trade operations in five selected developing countries, to boost trade and enhance competitiveness in support of sustainable development. More particularly, the project will contribute to increase national awareness on the importance of blockchain in trade facilitation through tailored capacity building activities on how to effectively adopt and deploy blockchain technology. Once implemented, the technical support programs will significantly help spread blockchain technology in the pilot countries and its use in international trade, drawing on the lessons learned from the development and implementation of this technology across the globe. The pilot countries, similarly, to most developing countries, cannot remain on the sidelines when it comes to increasing the quantity and quality of trade flows between countries in the region and with the rest of the world.
Objective and Expected Outcomes
Objective
To strength the capacity of developing countries to use block chain for trade facilitation
Expected Outcome 1
Enhanced capacity of selected Member States in the identification of the legal and regulatory requirements to use blockchain for trade facilitation purpose
Expected Outcome 2
Enhanced capacity of selected Member States in understanding real-world success of blockchain technology and relevant implementation modalities for improving resilience to crisis including the COVID-19 pandemic impacts;