How Does DLT Engender Greater Financial Inclusion?

2020-8-20 00:16

Distributed ledger technology (DLT) will have an incredible impact on financial services and engender greater financial inclusion and, therefore, economic growth, especially in emerging economies.

That’s the opinion of Adrienne Harris, whose interest in the world of blockchain and digital assets began during her time as a Senior Advisor in the U.S. Department of the Treasury and as a Special Assistant to the President in The White House, during the Obama administration.

Today, she sees the U.S. government sending checks by mail to stimulate the economy during the COVID-19 crisis as the latest example of how technology could be used to enhance our current financial system.

“It highlights how arcane our financial infrastructure is,” says Adrienne. “Today’s experience presents a unique opportunity, especially in the U.S., to prompt a discussion around financial infrastructure, and, of course, DLT could be a huge part of that.”

According to a Ripple report, one of the major problems for DLT is that regulators have been too slow to examine and approve new services and technologies that could have helped consumers during the current crisis.

In Adrienne’s experience, most DLT businesses want transparent regulation—as it would help provide much-needed clarity around the entire industry. 

“Fintech businesses are hungry for clarity,” she explains. “It doesn’t mean they want overly burdensome regulation, but they do want to understand the rules of the road. My advice to policymakers, finance incumbents, and startups and innovators is just engagement. There are still these geographic and cultural divides that I think more engagement would help break down.”

When she headed a DLT and fintech task forces for the White House, Adrienne believed that the government could help fintech innovators by providing clear regulation and engagement, much like how the Clinton administration engaged with the burgeoning internet industry during the 1990s.

She continues to nurture that spirit of interdisciplinary engagement in her current role as Professor of Practice at the University of Michigan, with the help of Ripple’s University Blockchain Research Initiative (UBRI).

“We’ve got business school people, policy school people, engineering school people all engaged in different projects related to UBRI,” she notes. “It is really important from the standpoint of both education and real world problem-solving, to have those different lenses come to bear on hard problems.”

Discover how UBRI supports and accelerates academic research, technical development and innovation in blockchain, cryptocurrency and digital payments at leading universities around the world at ubri.ripple.com.

The post How Does DLT Engender Greater Financial Inclusion? appeared first on Ripple.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Formosa Financial (FMF) íà Currencies.ru

$ 0.0004577 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: -0.11 %, 7d: 98.23 %
Cåãîäíÿ L: $0.0004538 - H: $0.0004624
Êàïèòàëèçàöèÿ $394.44k Rank 99999
Äîñòóïíî / Âñåãî 861.833m FMF

financial inclusion greater engender dlt economic therefore

financial inclusion → Ðåçóëüòàòîâ: 126


Ripple For Good Commits $105 Million in Donations to Enhance Education and Financial Literacy

Ripple for Good has been making some serious differences in the world, in the past as well as right now. It's been announced by the Ripple team that its corporate social impact program will be supporting mission-driven organizations and initiatives with the hope of increasing the level of financial inclusion we currently see across the […]

2018-9-27 22:05


Ôîòî:

Africa and its Antiquated Banking: Cryptocurrencies The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain or cryptocurrency-centred settlements? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning […] The post Africa and its Antiquated Banking: Cryptocurrencies The Solution? appeared first on Bitcoin News.

2018-9-5 05:55


Ôîòî:

Africa and its Antiquated Banking: Bitcoin The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain and cryptocurrency? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug […] The post Africa and its Antiquated Banking: Bitcoin The Solution? appeared first on Bitcoin News.

2018-9-6 05:55


Ôîòî:

Humaniq is named most promising fintech companies

This 450-page report, a follow up to Deep Knowledge Analytics’ previous 2018 Q1 Financial Inclusion report timed to Q2 2018, provides a much deeper overview of the industry and government initiatives, and outlines projections and predictions on the future of financial inclusion and “FinTech for Social Good” in developing regions. These include Artificial Intelligence, Bio-identification

2018-7-25 23:20


CFA Institute Adds Cryptocurrency Topics to its 2019 Financial Exam

The Chartered Financial Analyst (CFA) Institute are adding cryptocurrency and blockchain topics to their 2019 exam. The subjects will form a new module called Fintech in Investment Management. Inclusion on the CFA Institute Exam Important for Public Perception of Crypto The CFA Institute have responded to growing demand for education on digital currencies and blockchain.

2018-7-17 00:30


CryptovationX ICO

CryptovationX aims to assist crypto investors by utilizing artificial intelligence (AI) to build a “best of breed” robo-advisory platform for digital asset investment. Cryptovation X also aims to assist in solving socio-economic problems such as education, unemployment and poverty by implementing a corporate social responsibility initiative with two strategies: 1) Financial Inclusion - a program that allows everyone to become an analyst (“Predictor”) and be compensated for so doing, together with a grant to support other social organizations and 2) Blockchain x AI Ecosystem - a program that encourages R&D and knowledge sharing about the ecosystem, through annual competitions.

2018-7-8 22:07