Understanding the IRIS-SAFER Initiative

In a groundbreaking move against the exploitation of migrant workers, Diginex and the UN’s International Organization for Migration (IOM) have teamed up to launch a new blockchain tool, the International Recruitment Integrity System Self-Assessment for Ethical Recruitment, or IRIS-SAFER. Designed for approximately 1,500 recruitment agencies in Hong Kong, this initiative aims to shield migrant workers from unfair practices.

The Power of Blockchain

So, what’s the deal with blockchain? Simply put, it’s kind of like a super-secure digital vault where data is stored and cannot easily be tampered with. This technology in the IRIS-SAFER tool ensures that all records are safe, immovable, and transparent. You could say it’s like having a digital superhero to watch over workers’ rights! With nearly 390,000 migrant workers in Hong Kong – and a staggering 56% of them facing illegal fees – it’s an urgent need,” said Giuseppe Crocetti, IOM’s chief of mission in China.

Steps Toward Ethical Recruitment

The IRIS-SAFER project is more than just a shiny new tool. It serves as an educational resource for agencies, providing them with insights into global ethical recruitment standards. Once they’ve learned the ins and outs, agencies can track and showcase their progress, proving their dedication to ethical practices.

• Learning global standards
• Monitoring their improvement
• Demonstrating commitment to ethical recruitment

Going Global

After its initial rollout in Hong Kong, Diginex and the IOM have plans to spread IRIS-SAFER to other countries around the globe. Imagine: a world where migrant workers are treated fairly, all tracked by the trusty blockchain! It’s probably one of the few times dreaming of global expansion doesn’t come with visions of monopoly and world domination.

Diginex: A Growing Presence

Speaking of expansion, Diginex is making waves in the financial sector, aiming to be publicly traded on Nasdaq through a reverse merger with investment firm 8i. They’ve also joined the Global Digital Finance group, which is all about championing the growth and adoption of digital finance technologies. Looks like they’ve found their calling!

A Broader UN Involvement

This isn’t the UN’s first foray into the blockchain realm. They previously collaborated with telemedicine firms to enhance healthcare services in Eastern Africa. Once you’ve sought justice and health via the power of blockchain, you might just end up feeling like you’re living in some futuristic utopia.