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.
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