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    How United Nations Development Programme is using blockchains for public infrastructure

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    A new United Nations Development Programme report outlines how blockchain can support public systems.

    Public institutions are under pressure to modernize faster than their systems were built to handle. In its recent report, New Tech, New Partners: Transforming development in the digital era, the United Nations Development Programme (UNDP) outlines a model for using blockchains as part of a broader effort to modernize public systems. The publication showcases over 40 pilot projects around the world that apply blockchain technology to improve transparency, speed and accountability of public systems. This ranges from payment infrastructure and social safety nets to climate finance and community-level funding mechanisms, enabled by fundraising platforms, wallets and digital certificates. 

    The UNDP uses a pipeline model, which creates purpose-built partnerships that bring governments, blockchain startups and local companies together to solve public sector problems. Institutions get an opportunity to test new tools through small, problem-led initiatives and specific use cases. These tools are implemented on a local level and designed to solve specific problems, such as inefficient payment rails for micro-entrepreneurs or regional ESG control.

    In its framework, UNDP treats blockchains as a trusted ledger for coordination and verification. The ability of blockchains to support shared records, traceable transactions and rule-based processes across multiple actors makes them a useful tool for governmental systems. UNDP also makes clear that these benefits are conditional. Poor governance, weak privacy protections and flawed technical design can create serious risks, such as defects in smart contracts or Illicit use of payment systems. The report reaches a pragmatic conclusion: Blockchain can be useful, but only when institutional safeguards are built in from the start and the technology is adopted responsibly with robust oversight.

    Central to UNDP’s approach is a commitment to platform-agnostic ways of working, which ensures that no single provider or protocol creates new dependencies, and that the digital infrastructure being built today remains open, interoperable, and genuinely in service of people and public purpose.

    The report showcases how blockchains can be used to make public institutions more efficient and transparent, with examples from more than 40 countries across payments, financial access, identity systems and climate-related programs. Examples include projects such as crypto wallets for informal business payments, the use of eco-credit tokens and more. The cases also show how digital tools can help institutions extend services in developing nations, where trust is limited and infrastructure is fragmented.

    Explore the full UNDP report to see the complete framework, lessons and portfolio of use cases.

    This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. This article is for general information purposes and is not intended to be and should not be taken as, legal, tax, investment, financial, or other advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Cointelegraph does not endorse the content of this article nor any product mentioned herein. Readers should do their own research before taking any action related to any product or company mentioned and carry full responsibility for their decisions. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

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    Bitcoin’s 20 Millionth Coin Has Just Been Mined

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    The Bitcoin network has just reached 20 million mined coins, leaving just one million Bitcoin to be mined over the next century. 

    “The market is about to experience something new: A global asset with almost no new supply left,” Energy Co managing partner David Eng said in an X post on Sunday.

    On average, about 450 new Bitcoins are mined each day at current rates. This rate halves roughly every four years as a result of the Bitcoin halving. With just 1 million Bitcoin supply left, the last Bitcoin is set to be mined around 2140. 

    Bitcoin’s finite supply offers “predictable rules”

    Bitcoin mining company Elektron Energy CEO Raphael Zagury told Cointelegraph the level of clarity around Bitcoin’s supply is “unprecedented.”

    “The issuance schedule is transparent decades into the future. Humans value predictable rules, especially when it comes to money,” Zagury said.

    Source: Joe Consorti

    “The one million countdown reinforces everything that’s unique about Bitcoin,” added crypto exchange Swyftx portfolio manager Tommy Rogulj. 

    “It is a hard-capped, permissionless, and neutral bearer asset operating on a transparent supply curve that cannot be expanded like fiat currencies. This matters in a world that is increasingly succumbing to conflict and tech-driven uncertainty.”

    In December, asset management firm Grayscale Investments said that a “digital money system with transparent, predictable, and ultimately scarce supply is a simple idea, but it has rising appeal in today’s economy due to fiat currency tail risks.”

    “Non-event, no impact” on BTC’s price: Crypto exec

    However, crypto analysts were not convinced the recent milestone would affect Bitcoin’s price.

    Cryptocurrencies, Bitcoin Price, Bitcoin Mining
    Source: Bitcoin For Freedom

    “Already priced in, markets know the supply growth rate (inflation rate) of BTC with certainty, and it’s already lower than gold,” Capriole Investments founder Charles Edwards told Cointelegraph. “I think it’s a non-event, no impact.”

    Zagury shares a similar view to Edwards. “I don’t think the milestone alone moves price in the short term,” Zagury said, adding that “liquidity and macro still dominate.”

    Related: Bitcoin drops 2% as oil prices surge on energy shortage fears

    “But long term, scarcity plus predictable policy is a powerful combination. Over time, markets tend to reward systems people can trust,” he said.

    Bitcoin traded at $68,670 at the time of publication, down around 19% in the past year, according to CoinMarketCap.

    What happens once Bitcoin supply stops? 

    One of the biggest questions among Bitcoiners is what happens once the last Bitcoin is mined in 2140, with some worried that the network’s security could suffer, as miners will no longer be incentivized by new coins. 

    It is understood that at that point, Bitcoin’s model will shift to transaction fees to incentivize miners to continue securing the network, though there are some concerns that it could lead to higher transaction fees.

    Magazine: The debate over Bitcoin’s four-year cycle is over: Benjamin Cowen