Case Studies > UNJSPF “Digital Certificate of Entitlement Solution”
The UNJSPF is responsible for the reliable delivery of nearly 80,000 pensions annually. For 70 years, this verification process has been conducted using a paper-based form called a Certificate of Entitlement (CE). Each beneficiary must sign and return the CE to confirm their continued eligibility for benefits in the next calendar year.
UNJSPF is developing a “Digital Certificate of Entitlement Solution,” which leverages Blockchain technology to create digital certificates that can entitle individuals and organizations to certain rights, benefits, or services associated with UNJSPF programs. The project aims to replace the current process, which is time-consuming and relies heavily on traditional postal services, leading to further issues if the beneficiary's signature has changed or they are incapacitated.
Blockchain technology enables immutable, independently audited, and traceable identity verification and transaction processes through triple-entry and distributed ledger. The Fund offers privacy and security, confidentiality and integrity, flexibility, and scalability. For instance, biometric information is stored securely with clear audit trails to protect owners, and cloud-based technology stores and securely processes biometric data.
Hyperledger Private Blockchain is an innovative technology that provides businesses with a secure, distributed ledger system. With Hyperledger Private Blockchain, businesses can create their private blockchain networks and securely store their data in the distributed ledger. This technology eliminates the need for centralized servers and makes it possible to maintain secure, private data on the network.
Each of these industries has its unique requirements and challenges. Our solutions are designed to meet those individual needs while providing cost savings through increased efficiency and reliability. Look at how our solutions are applied across industries and will continue to transform how we work daily.
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