Inclusion Through Distribution
How Blockchain Supports Financial Inclusion
Exponential technologies set to impact substantially the financial services market as we enter the increasingly digitally connected world. This white paper by Deloitte China explores the future of financial inclusion, which could be underpinned by the application of Blockchain for an unseen ecosystem for conventionally unbanked population and more.
Distributed Ledger Technology (DLT), also known as Blockchain, may offer a new way to addressing the financial inclusion agenda. DLT allows financial institutions to create synergies through their ecosystem, know their customers properly, detect fraudulent transactions reliably, and diversify their risks more effectively.
These benefits could enable financial institutions to offer their services to the conventionally risky customer segments, particularly in less developed countries. DLT also has the potential to empower entrepreneurs to scale up their operations through new ways of financing. The potential impact of DLT in financial inclusion should not be underestimated.
The paper further discusses the potentials enabled by Blockchain in the areas of microfinancing, trade financing for smaller businesses, supply chain traceability, crowdfunding, microinsurance, talent and employment.
Deloitte Asia Pacific Blockchain Lab
The Asia Pacific Blockchain Lab, coordinated out of Hong Kong, works with our specialists across the region to bring Deloitte's unique expertise to Asia Pacific.
In cooperation with our global team of more than 800 blockchain professionals across 20 countries, the Lab works with international organisations looking to implement and deploy Distributed Ledger Technology (DLT) solutions.
Our offerings range from identifying use cases and building proofs of concept to creating market ready solutions, supporting you with the development of your digital innovation programmes.
To speak to the lab, contact email@example.com
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