ChainCatcher report: The United Nations Development Programme (UNDP) recently announced the formation of the Blockchain Advisory Group (BAG) during Proof of Talk 2026 in Paris, focusing on leveraging blockchain technology to optimize public systems and development governance. The inaugural meeting, chaired by UNDP Deputy Administrator Xu Haoliang, centered on inclusive finance and digital finance, addressing barriers such as fragmented payment systems, limited digital identity, insufficient interoperability, and institutional readiness. Participants evaluated how blockchain can complement existing digital public infrastructure to enhance financial accessibility, efficiency, and transparency. The BAG plans to hold two meetings annually, advancing collaboration with the blockchain ecosystem around themes including digital governance and public trust, legal identity and inclusive societies, digital financial services, climate and traceable accountability, and digital labor and the future of work. Current members include 26 organizations, such as the Ethereum Foundation, Filecoin Foundation, Stellar Development Foundation, Algorand Foundation, Arbitrum Foundation, Celo Foundation, Web3 Foundation, and Kraken.
UNDP Launches Blockchain Advisory Group to Explore Applications in Public Services
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Summary
UNDP launched the Blockchain Advisory Group (BAG) at Proof of Talk 2026 in Paris, marking a major milestone in blockchain news. The group will investigate opportunities for blockchain upgrades in public systems and development governance. The inaugural meeting, led by UNDP Deputy Administrator Hoi Liang Xu, focused on inclusive finance and digital finance. Key issues addressed included fragmented payment systems, limited access to digital identity, and interoperability. The BAG will convene twice annually, covering topics such as digital governance, legal identity, and climate tracking. Members include the Ethereum Foundation, Filecoin Foundation, Stellar Development Foundation, and 26 other organizations.
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