• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, June 9, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Could blockchain help EU process asylum claims?

August 22, 2022
in Regulations
Reading Time: 3 mins read
A A
Could blockchain help EU process asylum claims?
ShareShareShareShareShare

With the Russian invasion of Ukraine, the European Union is once again experiencing an influx of migrants. The 2015 Middle East and North Africa refugee crisis set records, with more than 1.3 million people seeking refuge in the EU.

The ongoing Russian invasion, however, has already seen nearly 5.3 million Ukrainian refugees entering the EU. While there is a distinction between the legal status of Ukrainian migrants and previous waves, migration flows to the EU have been increasing for years and remain an important policy issue.

Related articles

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

June 9, 2023
EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

June 9, 2023

Entering through different border crossings and dispersing easily across the continent, a key component of which must be addressed is cataloguing migrants. Blockchain technology, with its decentralisation and level of encryption, can provide a comprehensive resolution to this issue, and must be kept in mind by EU policymakers when forming regulations.

Blockchain is a relatively new technology, invented in 2008, mainly to facilitate cryptocurrency transactions.

While that remains a central use, blockchain also has a range of other uses, from addressing global development issues to digitalising public services. Its immutable and distributed nature provides a more secure network than traditional databases, removing the need for intermediaries to guarantee the safety of the stored data.

Digital vs physical ID

This also makes it an important technological advancement in digital ID creation; in contrast to traditional forms of identification, blockchain digital IDs would prevent fraud and protect against identity theft.

The network of IDs would be invulnerable to hacking, and the decentralised ledger means the identifications can be accessed worldwide. In the case of migration and migration policy, this access and guarantee of authenticity is vital in identifying and cataloguing refugees as they arrive at the borders of the EU.

Some progress has already been made applying this technology to migration. The UN High Commissioner for Refugees has begun using biometric registration data to track refugees, and the UN World Food Program uses this information to make cash-based transfers in a Jordanian refugee camp through a pilot programme, Blockchain against Hunger.

This approach of digitising identification helps address some of the core challenges that refugees routinely face. With physical IDs, governments store their data centrally on physical servers. This leaves them susceptible to external threats, such as hacking and even state failure.

Once migrants flee their home countries, their access to their government ID becomes severely curtailed, if not completely cut off, leaving them without identification and sometimes stateless.

With blockchain ID programs, identification would instead be stored digitally, accessible to the destination country with the refugees’ arrival.

This not only allows the government of their destination country to track and catalogue their new residents, but also gives the refugees easier access to social security programmes. It also relieves some pressure on migrants, allowing them to focus on departing their countries without being concerned about retrieving documents.

EU’s narrow crypto focus

The value of using blockchain technology to create and improve digital identification databases is impossible to ignore. It is crucial for EU decisionmakers to consider how overregulation of blockchain may detract from positive benefits. Blockchain’s immutable and private nature must be squared with the EU’s General Data Protection Regulation.

The EU’s current legal framework for blockchain focuses mostly on cryptocurrency and financial assets without seeing beyond these. Ongoing efforts are being made by the European Commission to fight financial crime by logging the identity of both parties involved in transactions to be turned over in the case of any investigations.

Such revelatory policy goes against the core identity of blockchain, and with EU regulation often setting the global standard, other national governments might follow the EU’s lead.

This strict regulatory approach, however, could be catastrophic to the potential benefits of blockchain, especially towards migration policy. The goal should be to maximise opportunities that come with the technology and work towards standardising its use while also providing a legal basis to protect users.

Current steps being taken towards regulation send a signal that the EU is not a welcome place for blockchain innovation, an action that will only continue to stifle the growth of the technology. As international borders become more porous, however, the EU’s current tactics are not supporting the improvement of its migration policies.

Asylum proceedings are one of the biggest issues with the EU’s migration policy, and digital identification through blockchain to register and track refugees would be an instrumental step towards the level of necessary reform.

Overregulation of this new and growing technology poses a risk, not only to the investment potential of the EU as a whole but also to the migration flows across its borders.

The 2015 migration crisis was the first in a surge of asylum seekers, and the influx of Ukrainian refugees have continued to highlight the gaps in the system.

Without smart regulation of blockchain, the European Union will lose the value of the technology before it has a chance to fully realise its potential.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Dice Masters Brings Swords and Sorcery to Decentraland

Next Post

Bitcoin Price Dropping To $21,000 Is Actually Not A Bad Thing, This Analyst Says

Related Posts

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

Crypto attorney calls on public to form amicus curiae in Coinbase, Binance suits

June 9, 2023

John Deaton, managing partner at Deaton Law Firm, has called on Binance and Coinbase users to contribute to an amicus...

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

EU starts countdown to crypto legislation, adds MiCA to official journal – Cointelegraph

June 9, 2023

EU starts countdown to crypto legislation, adds MiCA to official journal  Cointelegraph Credit: Source link

Binance.US to go ‘crypto-only’ as banking partners cut ties

Binance.US to go ‘crypto-only’ as banking partners cut ties

June 9, 2023

Binance.US announced on June 9 that it would transition to a crypto-only exchange for now. The move comes as its...

United In Innovation: Hong Kong And UAE Central Banks Team Up … – Blockzeit

United In Innovation: Hong Kong And UAE Central Banks Team Up … – Blockzeit

June 9, 2023

United In Innovation: Hong Kong And UAE Central Banks Team Up ...  Blockzeit Credit: Source link

What will the future of global crypto regulations look like? – Forkast News

What will the future of global crypto regulations look like? – Forkast News

June 9, 2023

What will the future of global crypto regulations look like?  Forkast News Credit: Source link

Load More
Next Post
Bitcoin Price Dropping To $21,000 Is Actually Not A Bad Thing, This Analyst Says

Bitcoin Price Dropping To $21,000 Is Actually Not A Bad Thing, This Analyst Says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Breaking News: Binance Exits Canada Due to Regulatory Issues – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

Breaking News: Binance Exits Canada Due to Regulatory Issues – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

May 13, 2023
Elliptic To Bring Efficiency In Detecting Crypto-threats With ChatGPT

Elliptic To Bring Efficiency In Detecting Crypto-threats With ChatGPT

June 4, 2023
MiCA is the first step in robust approach to crypto regulation – OMFIF

MiCA is the first step in robust approach to crypto regulation – OMFIF

May 19, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Indian Central Bank Aims To Reach 1 Million CBDC
  • Ankr launches Enterprise RPC and AppChain Solutions on Azure Marketplace
  • How Much Percent Must SHIB Rise To Reach $1?

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,666.000.15%
  • ethereumEthereum(ETH)$1,849.03-0.51%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.13%
  • binancecoinBNB(BNB)$262.08-1.10%
  • usd-coinUSD Coin(USDC)$1.00-0.37%
  • rippleXRP(XRP)$0.541.99%
  • staked-etherLido Staked Ether(STETH)$1,849.120.01%
  • cardanoCardano(ADA)$0.318940-3.36%
  • dogecoinDogecoin(DOGE)$0.0698221.97%
  • solanaSolana(SOL)$19.010.90%
  • matic-networkPolygon(MATIC)$0.77-1.02%
  • tronTRON(TRX)$0.0782440.43%
  • litecoinLitecoin(LTC)$89.550.79%
  • polkadotPolkadot(DOT)$5.050.52%
  • avalanche-2Avalanche(AVAX)$14.161.44%
  • binance-usdBinance USD(BUSD)$1.00-0.19%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.16%
  • daiDai(DAI)$1.000.01%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,643.000.56%
  • uniswapUniswap(UNI)$4.660.11%
  • leo-tokenLEO Token(LEO)$3.51-0.93%
  • chainlinkChainlink(LINK)$6.040.73%
  • cosmosCosmos Hub(ATOM)$9.40-1.82%
  • okbOKB(OKB)$45.151.51%
  • moneroMonero(XMR)$142.76-1.91%
  • ToncoinToncoin(TON)$1.702.39%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • ethereum-classicEthereum Classic(ETC)$17.110.44%
  • stellarStellar(XLM)$0.087523-0.53%
  • bitcoin-cashBitcoin Cash(BCH)$111.37-0.70%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • lido-daoLido DAO(LDO)$2.22-1.27%
  • internet-computerInternet Computer(ICP)$4.332.87%
  • filecoinFilecoin(FIL)$4.11-1.31%
  • quant-networkQuant(QNT)$109.30-2.19%
  • AptosAptos(APT)$7.73-0.91%
  • hedera-hashgraphHedera(HBAR)$0.0488930.80%
  • crypto-com-chainCronos(CRO)$0.058530-2.01%
  • ArbitrumArbitrum(ARB)$1.14-0.48%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.42-0.10%
  • vechainVeChain(VET)$0.017498-1.82%
  • apecoinApeCoin(APE)$2.90-0.34%
  • the-graphThe Graph(GRT)$0.113481-1.25%
  • paxos-standardPax Dollar(USDP)$1.00-0.32%
  • fraxFrax(FRAX)$1.00-0.07%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.900.86%
  • rocket-poolRocket Pool(RPL)$47.530.18%