More talks in the program:
09:00 - 09:45
About 1.7 billion adults remain unbanked—without an account at a financial institution or through a mobile money provider. The migrants and their unbanked families in emerging and frontier markets have been suppressed for the longest time without any access to basic financial services or amenities. Most of the traditional services charge excessive rates on fees, broking and intermediaries. The unbanked and underserved face these challenges along with lack of education which makes it even harder for them to access basic health or employment. Is using blockchain the solution- if major cost of these services gets reduced considerably as the need of intermediaries is eliminated? Blockchain does increase the speed of the services, and make it much more convenient for the unbanked to avail them but is it really changing the lives of last mile?
Sharing some examples from the developing market to suss out the real picture and predict the future of Blockchain.