Today we are launching a Blockchain Initiative that is focused on identifying and supporting companies that are building out the decentralized ecosystem. We believe this technology has the power to transform numerous industries and drive unprecedented impact — creating a smarter and more inclusive economy. A blockchain system is an electronic ledger that is shared…
Read MoreCan blockchain technology be the solution to economic exclusion? Recognizing that economic exclusion happens as trusted third parties centralize the decision of who may participate in the economy, blockchain’s potential to work around large institutions is certainly promising. When comparing a blockchain option to current solutions there is an apparent reality that, although well-meaning, existing solutions do not provide the decentralization…
Read MoreThe institutions which facilitate our economic life are prone to excluding the most vulnerable consumers among us. Too many people find it difficult (or altogether impossible) to access many parts of the formal economy. For example, twenty-five million American households are underbanked, and nine million more do not have a bank account of any kind. Banks, in…
Read MoreMany of us consider trust a fragile expression that must be earned over time. Trust is the assured reliance on the character, ability, strength, or truth of someone or something. Reading the definition of trust, we can understand why we place considerable weight on our decision to extend it to others. Once trust is extended…
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