Giving Compass’ Take:
· Writing for the Thomson Reuters Foundation, Shaun Conway explains how blockchain is helping drive previously uncertain investors to fund global development initiatives.
· How is blockchain changing the way investors approach global development initiatives? Why is global development a great investment?
The world has an unprecedented opportunity to end poverty and to transform our environment — thanks to blockchain technology.
Governments, the private sector, philanthropic organisations, and hundreds of millions of people are ready to invest their money to support poorer communities, clean oceans, and slow global warming.
But up until now, they haven’t been able to contribute with a high degree of certainty that it will go to the right projects, will have a positive impact, or that they will get a return on their investment.
This is changing, owing to new technology. A new economic order is being built.
Imagine a project in which an investor funds solar kits for households in East Africa — thereby freeing off-grid communities from their reliance on kerosene lamps which emit potentially harmful gasses and burn carbon.
If accurate data can demonstrate that families have paid for the kits over two or three years, the investor can recoup their contribution with interest.
Read the full article about blockchain by Shaun Conway at the Thomson Reuters Foundation.
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