Blockchain : Opportunities for Private Enterprises in Emerging Markets, Second Edition
Blockchain is an emerging technology that offers the possibility of re-engineering economic models and enabling the creation of markets and products that were previously unavailable or unprofitable across emerging markets. This report is intended t...
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| Format: | Report |
| Language: | English |
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International Finance Corporation, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/260121548673898731/Blockchain-Opportunities-for-Private-Enterprises-in-Emerging-Markets http://hdl.handle.net/10986/31251 |
| Summary: | Blockchain is an emerging technology
that offers the possibility of re-engineering economic
models and enabling the creation of markets and products
that were previously unavailable or unprofitable across
emerging markets. This report is intended to introduce
readers to current developments in distributed ledger
technology, or blockchain, with the vantage point of
possible benefits to emerging markets. The first six
chapters were written a year ago, while the last three are
more recent and bring the perspective of a year of
development in the nascent technology. Chapter 1 provides an
overview of blockchain technology, followed by a look at its
unfolding applications in emerging markets in Chapter 2.
Chapter 3 examines whether blockchain can be used to
mitigate de-risking by financial institutions. Chapters 4
and 5 look more closely at the financial services sector,
including an overview of how blockchain fits into the
spectrum of financial technology (fintech) innovations and
the resulting provision of financial services (Chapter 4),
and an analysis of blockchain’s contribution to reaching the
unbanked and underbanked in various emerging markets,
including in Latin America, Asia, and Sub-Saharan Africa
(Chapter 5). Chapter 6 looks beyond fintech to explore how
developments in applied blockchain technology can impact
agribusiness, drug safety, and more generally provide
enforcement tools to promote the reach of sustainable and
inclusive business. Chapter 7 discusses the proper
regulatory environment needed to stimulate competition and
investment in blockchain technologies in emerging markets
and beyond. Chapter 8 examines the potential of blockchain
to accelerate the transition to low-carbon energy solutions
in these countries. Chapter 9 offers a review of legal
issues associated with the use of blockchain and how these
can be addressed. |
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