world_organizations medium MCQ

Which ITU initiative promotes the use of blockchain technology for secure, transparent, and efficient digital services in areas like identity management, supply chain tracking, and financial inclusion, while addressing regulatory and interoperability challenges?

  1. Focus Group on Distributed Ledger Technology
  2. ITU-D Blockchain Strategy
  3. Blockchain for Social Impact Initiative
  4. All of the above

Answer: All of the above

These initiatives explore blockchain's potential for development: self-sovereign identity for refugees, traceability for agricultural exports, and cross-border remittances. By fostering multi-stakeholder dialogue on standards and governance, ITU helps harness blockchain's benefits while mitigating risks like energy consumption and illicit use.

Topic International Telecommunication Union
Exam Relevance UPSC, SSC, Banking
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