Asia Tech Podcast

216: Alex Medana – Blockchain, Identity and Financial Inclusion in Asia


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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
...more
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Asia Tech PodcastBy Graham Brown