Topl featured in UNDP’s Digital X Catalogue, exclusive marketplace for proven digital solutions
We are excited to announce that from more than 4000 applicants, Topl was selected as one of the 100+ projects to be featured in the United Nations Development Programme’s (UNDP) Digital X Catalogue, the organization’s first marketplace for proven digital solutions.
Digital X is a Partnerships for Scale Programme designed to find, match, and connect ready-to-scale digital solutions with the urgent needs of UNDP, UN partners, and governments worldwide. The featured solutions support over 450 million people across 190 countries.
The meticulous selection process, which spanned over several months, consisted of two rounds. After reducing the candidate pool to over a thousand, Digital X assessed each solution’s financial health, operational viability, technical ability, security, and scalability potential.
Topl made it to the final list and was identified as a solution for “verifying sustainability and labour claims for supply chain activities.”
As UNDP states, the primary problem that Topl Traceability addresses is a lack of verifiable proof of supply chain practices, particularly those involving agricultural commodities or the extraction of raw materials. This comes in the form of a solution for companies who want to leverage blockchain to prove they’re adhering to their ESG practices — but Topl is also serving the millions of laborers and communities around the world adversely affected by the business-as-usual scenario.
“Topl has helped 556 farmers in Ghana to earn over $33,000 (in local currency) since April 2022 via real-time blockchain payment verification.”
Using its purpose-built and decentralized technology, Topl ensures both ease of use and lightweight access. UNDP further highlighted our ability to provide fintech solutions across a range of emerging markets to incorporate user patterns for those with limited literacy and numeracy.
“It’s an enormous privilege for Topl to be recognized by the UNDP X Digital X solution catalogue,” says Erin Murphy, Chief Growth Officer at Topl. “For the team at Topl, our mission has always been to create accessible ways for real people — who are on the ground every day working to solve the most pressing environmental and social challenges in their communities — to enact change and scale their impact.”
“As someone who formerly worked for a UNDP country office, I’m so excited to see how groups and individuals will start to utilize this marketplace to assist them in achieving their program goals and targets,” Erin Murphy concludes.
By accessing solutions like that of Topl, UNDP’s country offices, partner organizations, and governmental bodies have a powerful arsenal of tools to drive positive change. In return, Digital X offers the selected solutions mentoring opportunities and financial support on a case-by-case basis.
