Building the “Decentralized World Bank” Through Blockchain Based Community Currencies and Social Impact Finance
In an interview between Shanzhai City co-founder, Chris Gee and Dr. Shawn Conway, project manager of its spin-off organization Impact Data Consortium Chain (IDCC), Gee mused about using blockchain technology and social impact finance to build a global decentralized development bank:
“the story of decentralizing development finance…[is] a story of decentralizing the World Bank. Nothing against the world bank, Its just I feel like there are gaps to overcome. And this is something that plays very well now that we are talking to much larger investors, much larger pools of capital. To them doing things like micro finance, doing things like direct donation aid. Yeah these are cool things to do, but if we are saying that we can actually make a decentralized development bank out of the aggregation of all of these tools we are putting together, they are very much behind that”.
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