United Nations prevents exploitation of Hong Kong migrant workers through blockchain technology

Blockchain financial services company Digiginex and the United Nations-led International Migration Organization (IOM) jointly launched the blockchain tool IRIS-SAFER, which aims to prevent the exploitation of foreign workers in Hong Kong. According to the Diginex press release, the tool is designed for use by some 1,500 Hong Kong-based foreign domestic helper recruitment agencies and related agencies in labor sending countries. According to reports, there are nearly 390,000 migrant workers in Hong Kong, of which 98% are women and 56% are charged illegally by recruitment agencies. After launching the system in places such as Hong Kong, the organization plans to deploy the system globally.