united nations headquarters - february 10, 2017
TRANSCRIPT
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CanBitcoinSolve Global Poverty?
© 2017 Juan Llanos
United Nations Headquarters, February 10, 2017
@JuanLlanos
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© 2017 Juan Llanos
Is the United Nations the world’s hospital?
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Adult population with NO USE OF formal or semiformal FINANCIAL SERVICES
© 2017 Juan Llanos
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SCALE
GLOBALUNIVERSAL
© 2017 Juan Llanos
“Poverty is the greatest challenge facing the world today”2030 United Nations Sustainable Development Agenda
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cryptocurrency (b)value transfer network (B)
open platform (B)© 2017 Juan Llanos
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O P E N / P U B L I C
P R O G R A M M A B L E
D I S T R I B U T E D C O N S E N S U S
N O D O U B L E - S P E N D
T R A N S PA R E N T L E D G E R
REVOLUTIONARY TECHNOLOGY
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freedom to ownfreedom to transferfreedom to innovate
© 2017 Juan Llanos
PERMISSIONLESS INNOVATIONCORRUPTION- & CENSORSHIP-RESISTENCE
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© 2017 Juan Llanos
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the moneyopportunity
© 2017 Juan Llanos
PROBLEMmisguided/incompetent/corrupt governments take advantage of fractional-reserve-based monetary system
high/hyper inflation, currency controls, monetary debasement hurt millions
OPPORTUNITYbitcoin/cryptocurrencies as alternative store of value
preferable even despite volatility
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© 2017 Juan Llanos
Cutting prices by at least 5 percentage points can save up to $16 BILLION/YEAR.
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the remittancesopportunity
© 2017 Juan Llanos
PROBLEMdisadvantaged/emerging economies are highly dependent on family remittances
cost of remittances highest where infrastructure underdeveloped, competition limited and regulation restrictive
OPPORTUNITYcutting prices by 5% can save senders up to $16 billion/year (World Bank)
bitcoin/cryptocurrencies as cheaper alternative transfer mechanismsP2P de-monopolizes remittance corridors
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© 2017 Juan Llanos
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the global commerceopportunity
© 2017 Juan Llanos
PROBLEMdisadvantaged/emerging economies are cut off from global (e-)commerce
talented entrepreneurs and merchants blocked from exporting goods and services
OPPORTUNITYleverage increasing mobile connectivity with the “Internet of Value”
potential explosion in “gig economy” micro-enterprises
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© 2017 Juan Llanos
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© 2017 Juan Llanos
HERNANDO DE SOTO SHOWS AN ”ARTISANAL” CHAIN OF TITLE
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Underground economy
© 2017 Juan Llanos
$10 TRILLION
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the property rightsopportunity
© 2017 Juan Llanos
PROBLEMunregistered assets are “dead,” cannot serve as capital
rightful owners of property at mercy of corruptionlack of credibility of right ownership and transfer at a distance (time + space)
OPPORTUNITYleverage decentralized, tamper-evident, anti-fragile properties of open blockchains
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self-sovereign identity© 2017 Juan Llanos
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the identityopportunity
© 2017 Juan Llanos
PROBLEMcurrent systems: invasive, ineffective, exclusionary, non-interoperable, vulnerable
human rights violations; inability to engage in binding contracts; impediment for financial inclusion
OPPORTUNITYleverage decentralized, tamper-evident, anti-fragile properties of open blockchains
enable self-sovereign identity (user autonomy and control)meet both civil liberties and law enforcement goals
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the renewable energyopportunity
© 2017 Juan Llanos
PROBLEMoil-based energy expensive, negative environmental impact, unsustainable long-term
oil and gas traded only in USD à impact on local economies
OPPORTUNITYCommunities as consumers + producers of renewable energy (smartgrids)
tokenization + kwh-denominated trading
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PARADIGMScha l lenged
m o n e ys o v e r e i g n t y
s e c u r i t yr e g u l a t i o n
p r o p e r t yi d e n t i t y
l a wg o v e r n a n c e
© 2017 Juan Llanos
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© 2017 Juan Llanos
THE ULTIMATEOPPORTUNITY
PROBLEM“Power corrupts. Absolute power corrupts absolutely.” (Lord Acton)
most humanitarian actions address symptoms, not root causespower imbalances and asymmetries are at core of inequality
OPPORTUNITYlower ”our vulnerability to the whims of strangers” (Nick Szabo) via open blockchains
reduce human subjectivityenhance access, equality and freedom
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© 2017 Juan Llanos
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@JuanLlanos
Thank You