391. Blockchain Technology: An Innovative Policy Tool for Enhancing Conventional Arms Control and Verification
- Author:
- Nicolo Miotto
- Publication Date:
- 01-2022
- Content Type:
- Policy Brief
- Institution:
- The Geneva Centre for Security Policy
- Abstract:
- Blockchain has the potential to revolutionise our societies by radically transforming multiple sectors ranging from financial services to health care, and from international trade to logistics.1 Governments, businesses, research centres, and international organisations are becoming increasingly interested in this cutting-edge technology because it can be utilised to provide a decentralised system for data management with high levels of transparency, reliability, and security.2 Recently, inter- governmental organisations such as the United Nations (UN) and the OSCE have emphasised the relevance of blockchain, which can be utilised to improve international security.3 Blockchain has already proved that it can effectively enhance human security. For instance, the World Food Programme has pioneered a blockchain-based humanitarian aid programme to support refugees in Jordan with the use of cryptocurrencies.4 Similarly, the International Committee of the Red Cross has developed a distributed ledger technology (DLT)-based local trading system in Kenya to help fragile communities.5 In 2015 the UN International Children’s Emergency Fund even launched “Unicoin” – its own cryptocurrency – which children from poor families can exchange for goods. Although researchers have been exploring the impact of this technology on multiple fields, the implications of blockchain-based systems for CAC are still under-explored. This paper aims to fill this research gap by demonstrating that blockchain can play a crucial role in enhancing CAC monitoring and verification. It argues that blockchain offers a positive behavioural model and has advantageous practical implications for conventional arms control. The analysis is guided by the following research questions: (1) what psychological impact does blockchain have on confidence building? and (2) how do smart contracts enhance CAC?
- Topic:
- Infrastructure, Governance, and Blockchain
- Political Geography:
- Global Focus