New technologies and SDGs

How has the technology evolved to influence SDGs?

SDGs (Sustainable Development Goals) are created to recognize the world’s largest challenges such as fighting poverty, eliminating inequalities and achieving sustainable economic growth. The SDGs plan consist of 17 goals which are further divided to 169 targets pointed to economic, social and environment aspects.

In the plan, the key factor is that all goals are directed to all countries. All countries in the planet have to put in effort into the development of the country, in order to achieve growth and reduce disparities in their societies within one generation. This applies to developed counties, middle - income counties, and under- developed countries. These goals should be achieved everywhere according to level of country’s development.

Balancing the economic, social and environmental aspects is the key factor towards a safe and sustainable planet. The role of information and communication technologies (ICTs) to achieve the so called SDGs (2016–2030) which follow the Millennium Development Goals (MDGs, 2000–2015) is important. In comparison to the MDGs, the SDGs are creating a good environment for all countries to develop.

ICT, as the fastest growing sector in the history, had the strongest influence on the development of countries and societies, especially in driving today’s innovation, efficiency and effectiveness across all sectors. Following the development, the technology has evolved to blockchain, that has it’s own influence in development of the society.

In this point of time, everyone is talking about blockchain technologies as something that can either represent great change or something that will make no change at all. But today, we are witnessing more and more practical usage of blockchain technologies, and based on that, we can estimate that blockchain technology took over the technological evolution, just as the Internet did.

Blockchain leverages cryptography to permanently document the transfer of value and securely build a digital ledger that is shared between a network of participants. Distributing the validation and consensus mechanism remove the vulnerability by having a single point of failure and manipulability. It removes the need for unnecessary intermediaries whilst maintaining trust while enhancing security and traceability.

All of this provides possibilities to different services and entitlements such as access to aid, healthcare, well being and education. Blockchain technologies are also enabling donations to be delivered digitally. Blockchain technology combines healthy identity solution with transparent service delivery.

If we talk about implementation of blockchain-based solutions, the distribution is transparency where all distributions are going to the right hands. Whit this implemented solution, it is possible to know all about the transaction in the real time. Why is this important for stakeholders? With this information, they can calculate and identify the mistakes in organization, wastage, and errors.