Two Shades Known To A Clear Conscience

Classifying humans on a simple spectrum

  1. The mobile is the personal computer. It will very soon be a personal identity.
  2. Digitization of money: In Sweden, the local population use an app called Swish. Swish is a peer to peer payment network setup by banks that is up 24/7 and allows bank account holders to seamlessly transfer money.
  3. Authentication mechanisms such as the blockchain/distributed ledgers can be adopted by banks and financial institutions driving down cost, bringing efficiencies and promoting inclusiveness.
  4. The likes of Alipay and Taobao have accelerated the spread of commerce to the remotest counties of China. Alipay has approximately 450 million users.There is no doubt that mcommerce can reach vast swathes of people in all developing countries .
  5. Entrepreneurship, combined with technologies mentioned above, can provide employment to a large population. It can also bring employees outside the labor force back into the economy.
  6. Global co-operation on immigration and human development is the need of the hour. Perhaps, the United Nations Sustainable Development Goals is a good start.

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Futurist@The Intersection of Finance, Tech & Humanity. Stories of a Global Language: “Money”. Contributor @ Startup Grind, HackerNoon, HBR. Twitter@akothari_mba

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Abhishek Kothari

Futurist@The Intersection of Finance, Tech & Humanity. Stories of a Global Language: “Money”. Contributor @ Startup Grind, HackerNoon, HBR. Twitter@akothari_mba