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Home > Asia Tech Podcast > ATP Stories: Alex Medana – Blockchain, Identity and Financial Inclusion in Asia
Podcast: Asia Tech Podcast
Episode:

ATP Stories: Alex Medana – Blockchain, Identity and Financial Inclusion in Asia
Category: Business
Duration: 00:58:16
Publish Date: 2018-03-29 12:00:00
Description:

Podcast highlights:

  • 24:50 Do we own our identity? Who owns "me"? What will the distribution of our identity on the blockchain mean for finance, contracts and our relationship with government?
  • 28:11 Will intermediaries (bank loans, credit cards companies, credit agencies) exist in a world where block chain is the dominant form of wealth distribution?
  • 37:33 Financial inclusion in Asia and how blockchain will affect access to new forms of payment or capital in rural areas

Podcast notes:

  • 00:05 Welcome Alex Medana to Asia Tech Podcast Stories, hosted by Graham Brown
  • 01:45 Introduction to the subject area - Defining the terms bitcoin, blockchain and Fintech
  • 07:44 How to get more people on blockchain?
  • 11:04 If blockchain is the vision of the distributed truth system, is it a challenge that no one can manipulate it?
  • 16:00 We are going towards both less control and more control
  • 18:36 Alex envisioning the future of blockchain as personal data converging into a distributive ledger which nobody can touch
  • 20:51 Parallels between the French Revolution and the present time in terms of individual control
  • 24:50 Do we own our identity? Who owns "me"? What will the distribution of our identity on the blockchain mean for finance, contracts and our relationship with government?
  • 28:11 Will intermediaries (bank loans, credit cards companies, credit agencies) exist in a world where blockchain is the dominant form of wealth distribution?
  • 35:28 Reasons why blockchain is the future - over the counter trapped liquidity and financial inclusion
  • 37:33 Financial inclusion in Asia and how blockchain will affect access to new forms of payment or capital in rural areas
  • 44:21 Blockchain is not a silver bullet but an enabler to ask fundamental questions like why certain people are not in the ecosystem
  • 45:22 The story of Grameen Bank founded by Nobel Peace Prize winner Muhammad Yunus, who loaned money to village women who were making baskets and achieved repayment rates of 97%
  • 46:15 Financial institutions aren't lending money due to pre-conceived notions about repayment abilities. Can blockchain can change that mentality?
  • 49:23 The story of how mobile payments were invented from the Phillippines 12 years ago
  • 51:20 The best places to have conversations about these issues: Fintect Association board, Digital Economy Task Force UN Efgar and one to one conversations
  • 53:44 Doctors in Quebec disagreeing with their pay rise
  • 55:36 Being successful or not doesn't really matter, Alex wants to be seen as an enabler of change
  • 56:29 Reach out to Alex Medana the global citizen on LinkedIn
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