Worldwide, there are 1.7 billion people who are outside of the formal banking and financial system. They struggle with high fees and risky systems to undertake even simple financial transactions. Digital innovations offer new ways to bring them out of financial darkness.
Blog posts on "blockchain"
If the region prepares adequately, it has little to fear and much to gain from leapfrogging digital technology.
India, Indonesia, the Philippines, and Thailand are paving the way for technology to make governance more effective.
Crop insurance is a valuable climate adaptation tool for disaster-prone countries like Bangladesh.
If the technology continues to evolve, blockchain can help eliminate mistrust in public records and government transactions.
Blockchain can be robust, secure, and trusted – as long as the technology is executed properly.
Blockchain can provide a secure, transparent, and verifiable mechanism to establish provable good faith in insurance transactions.
There are several important challenges to tackle before blockchain-based solutions can solve real-world problems.
For Asia to assume global leadership in fintech, collaboration between governments and industry players is vital.
While trade and finance are changing dramatically, trade finance is shifting more slowly. What does this mean for SMEs?