Blockchain: Promoting financial inclusion and entrepreneurship through technology

Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women. They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administratve costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

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Laurent Lamothe on the benefits of innovative financing at the World Economic Forum

On Thursday 4 May 2017, Laurent Lamothe, former Prime Minister of Haiti and founder of LSL World Initiative, a company dedicated to the socio-economic empowerment of emerging countries, addressed the audience on the benefits of the Innovative Financing for Development model at the latest World Economic Forum. According to Lamothe, collecting micro-contributions on globalized activities in a given country creates substantial revenue that can be used to boost development, thus helping to alleviate the hunger, poverty and illiteracy, among other inequalities.

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Innovative finance as defined by Georgia Levenson Keohane

Innovative finance refers to “creative ways to finance and pay for unmet needs and public goods”. It can take various forms, such as new applications, financial inclusion, disaster relief, etc. Many successful forms of innovative finance involve technology. M-Pesa, Kenya’s highly popular mobile money platform, is one of them.

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Blockchain and the sharing community

With blockchain, software applications can be run on a peer-to- peer network that is not controlled by any single party. These applications can be used to coordinate the activities of a large number of individuals, who can organize themselves without the help of a third party.

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A solution to the world's migrant crisis

The measures adopted by certain developed countries to contain the waves of migrants they have been receiving over the past couple of years are proving inefficient, and may do more harm than good. Driving desperate people away, sometimes by force, does not address the root of the problem; which is the extreme poverty that exists in the migrants’ respective country of origin. Eradicating poverty therefore seems like a much more sustainable and human way to deal with the migrants’ crisis.

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Blockchain: the technology that could revolutionize development funding

Laurent Lamothe, former Prime Minister of Haiti, said he was a firm believer in potential of Blockchain to raise much-needed revenue for development. According to him, Blockchain is the kind of technology that would have helped his own country, Haiti, recover from the 2010 earthquake, by contributing to the financing of various social programs and promoting financial inclusion.

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Madagascar's growth objectives are achievable

In alignment with the second Sustainable Development Goal, the Malagasy President has announced Madagascar’s ambition to modernise its agriculture.

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LSL World Initiative wishes you happy holidays!

As 2016 draws to a close, LSL World Initiative wishes you a happy and restful holiday season, as well as a prosperous New Year.

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Innovative Financing for Development to diversify Benin’s economy

Patrice Talon has promised to turn the fortunes of his country around by the end of his five-year term of office.

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Turning the lights on in Africa

Over 645 million people in Africa do not have access to electricity.

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