Charity’s Centralization Problem: How Can Blockchain Help?

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They call it the not-for-profit industrial complex: a system where money for development, humanitarian needs, and the lives of billions is controlled through a top-down process run by US charities and shaped by US tax rules and regulations becomes.

With Michael Casey and Sheila Warren, speak to Matthew Davie, Kiva’s Chief Strategy Officer, and Alpen Sheth, Senior Technologist, Blockchain at Mercy Corps.

Money Reimagined’s first podcast episode, released in 2021, addresses the issues involved. Can we break away from this top-down, centralized system to build a bottom-up model that empowers the people charities want to help? And will the decentralization power of crypto and blockchain technology play a significant role?

In this episode we look at the “why” of this new technology. What’s the point And more importantly, who is it for?

See also: Correct Internet Identity, 30 Years Later

“Reshaping money is not about money at all, but rather the complexity of the systems that surround it. […]The exciting thing about crypto is that it has the potential to partially address the exclusion problems that plague our financial system, ”said Sheila Warren.

Matthew Davie: “There is a gap between the informal and the formal sectors and you cannot build a bridge without figuring out how to solve this problem. So we got it from the system side and said we need a verifiable identity and how do we do it? “

“We find that the non-banks are just too broad to understand and that they need to be dismantled. There [are] significant gender inequality[ies]. Whether it is equipment ownership, participation in the economy, disaster … People are just stuck under layers and layers of intermediaries doing only basic activities, “said Alpen Sheth

Matthew Davie @KIVA is focused on long-term strategic initiatives to advance systemic financial inclusion for the world’s most venerable populations. He oversees corporate strategy, emerging technology developments, and political and regulatory obligations.

Alpen Sheth, PhD, is a Senior Technologist, Blockchain, with the Mercy Corps. a blockchain advisor to insurance, identity and energy companies. Prior to that, he was a co-founder of the Economic Space Agency, a blockchain research and development startup, and later a product manager at etherisc.com, an insurtech company that develops smart contract-based applications in various countries