The Center for Financial Markets and Policy, in partnership with the Chamber of Digital Commerce, have released a white paper titled 'Blockchain and Financial Inclusion, The Role Blockchain Technology Can Play in Accelerating Financial Inclusion.'
The paper explores some of the obstacles to providing financial services to those who lack access or are underserved. We explore how 3 companies are using blockchain to overcome these obstacles to provide affordable and easy to use financial services. We compare how the companies have used the technology to reduce the friction of transferring value and made cross border and internal payments more efficient.
The paper also focuses on the regulatory landscape for blockchain and the different regulatory approaches to the technology. The study particularly examines regulation in three countries India, Kenya, and the Philippines. For example, in the Phillipines they have a regulatory sandbox and are adopting a test and learn approach while in Kenya they have issued circulars advising individuals against transacting in virtual currencies. We show how beneficial it can be to engage early on and how using blockchain could reduce risks.
The research was conducted by Charels Gallo, Anna Jumamil and Pak Aranyawat, second year MBA students at the McDonough School of Business at Georgetown University. The white paper was officailly released earler this morning at the 2017 Blockchain Summit held on Georgetown's campus in Washington D.C.