The UNDP-GEF Global ABS Project hosted a webinar on Thursday 24th of June 2021, to present the results of the the design of a pilot project to develop the application of blockchain technology and smart contracts to improve Access to genetic resources and the fair and equitable sharing of the benefits derived from their utilization (ABS).
The pilot project, designed in partership with PricewaterhouseCoopers (PwC) Turkey and PricewaterhouseCoopers (PwC) India, seeks to improve transparency in the transfer and exchange of genetic resources and facilitate access to the genetic resources and the sharing of the benefits derived from their utilization with provider countries and local communities, two of the main challenges faced by the Nagoya Protocol in its implementation.
During the session, specialists involved in the design of the experimental application of blockchain introduced the model of traceability and implementation of benefit-sharing, as well as the challenges and opportunities for further developments.
View the agenda of the event here.
View the recording of the session here.
Access the presentation Harnessing Blockchain for the Access and Benefit Sharing, by Afsar Akal, Project Team Leader, here.
View the video on the Global ABS Tracker walkthrough here.