Legal Identity for All: Can Bitcoin’s Blockchain Rise to the Challenge?
The United Nations aims to make it possible for all people to have a legal identity, including birth registration. This is one of the targets under the overarching goal of eradicating extreme poverty for all people everywhere by the year 2030. But providing an ID for everyone is a tremendous challenge. That is why experts are looking at Bitcoin’s blockchain technology as the solution.
Presently, billions of people do not officially exist. As reported by the World Bank, 2.4 billion of people around the world do not have official identification. This includes minors up to the age of 14, whose birth has not been registered and millions of women in poor regions of the developing world.
“Lack of personal official identification (ID) prevents people from fully exercising their rights and isolates them socially and economically — voting, legal action, receipt of government benefits, banking, and borrowing are all virtually closed off,” says the World Bank.
To eradicate poverty from the planet, the U.N. 2030 Agenda for Sustainable Developmenthas established 17 goals.
Goal 16, for example, aims to “Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective,
accountable and inclusive institutions at all levels.”
Specifically, Target 16.9 aims to:
By 2030, provide legal identity for all, including birth registration.
Providing legal identity is fundamental for the successful attainment of many of the Agenda’s 17 goals. The World Bank details these goals as follows: