IBM has announced an initiative to build a distributed ledger technology, or DLT, based architecture to underpin the digital alimony 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, with pension information uploaded to the blockchain to ensure tamper-resistant record-keeping and offer security assurances to teachers participating in GBB's due east-pension system.

The pilot is being conducted in partnership with the Bangladesh Figurer Council, BCC, a government overseeing It policy in the country.

IBM's blockchain platform is slated to host the live version of the digital alimony infrastructure.

Bangladeshi govt modernizes pensions with DLT

"Nosotros believe blockchain will increment confidence in the e-pension system by ensuring that payouts are based on accurate and authentic information," said BCC's executive director, Parthapratim Deb.

Deb predicted that the airplane pilot will inspire further blockchain initiatives from the Bangladeshi government, stating: "Its success will likely encourage other agencies to explore applications for our core blockchain platform, furthering BCC'due south mission of transforming governmental digital services."

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

IBM expands blockchain operations in Bangladesh

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

In Dec, IBM collaborated with local house IPDC Finance Limited to launch the country'south first DLT-based supply chain financing platform, Orjon.

Three months prior, the country's Ministry building of It selected IBM as the engineering science partner for establishing a digital engineering inquiry hub in Bangladesh's capital letter city, Dhaka. The facility is intended to expedite innovation in quantum technologies including blockchain, artificial intelligence, and big information.