IBM Trials Blockchain Solution For Bangladesh School Teachers’ Pension System
IBM Trials Blockchain Solution For Bangladesh School Teachers’ Pension System
June 15, 2020
IBM Trials Blockchain Solution For Bangladesh School Teachers’ Pension System
IBM Trials Blockchain Solution For Bangladesh School Teachers’ Pension System
June 15, 2020

IBM has announced an initiative to build a distributed ledger technology-based architecture to underpin the digital pension system for Bangladeshi primary school teachers.

The proof-of-concept comprises a permissioned network of teachers and other stakeholders powered by the IBM Blockchain Platform.

The pension information will be uploaded to the blockchain to ensure tamper-resistant record-keeping and offer security assurances to teachers participating in GBB’s e-pension system.

The pilot is being conducted in partnership with the Bangladesh Computer Council, a government overseeing IT policy in the country.

IBM’s blockchain platform is slated to host the live version of the digital pension infrastructure.

BCC’s executive director, Parthapratim Deb:

“We believe blockchain will increase confidence in the e-pension system by ensuring that payouts are based on accurate and authentic information.”

Deb further adds:

“Its success will likely encourage other agencies to explore applications for our core blockchain platform, furthering BCC’s mission of transforming governmental digital services.”

The pilot was proposed by developers representing the Bangladesh National Digital Architecture team, with the BNDA having previously built an e-governance framework to standardize the delivery of digital services across Bangladeshi government agencies.

ALSO READ :  Bitcoin Cash Network’s Block Reward Halved As Of Block 630,000 Hashes Away

IBM has launched a number of blockchain initiatives in Bangladesh over the past 12 months, partnering with both public and private entities to modernize many of the systems underpinning the organization of Bangladeshi society.

Source: Cointelegraph | Image: Unsplash


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.