Leveraging blockchain technology to build resilience and disaster risk reduction in small states

Abstract

Blockchain is a foundational emerging technology of the Fourth Industrial Revolution, much like the internet was for the previous (or third) industrial revolution. Its defining features are its distributed and immutable ledger and advanced cryptography, which enable the transfer of a range of assets among parties securely and inexpensively without third-party intermediaries. Blockchain is more than just a tool to enable digital currencies. At its most fundamental level, it is a new, decentralised and global computational infrastructure that could transform many existing processes in business, governance and society and also be an enabler to solve some of the world’s challenges.