[en] Can blockchain help improve financial inclusion? A comparative study

Est une partie de

Mots clés en

Humanities and Social Sciences/Economics and Finance
blockchain, financia,l inclusion, refugees, Finland
blockchain
financial inclusion
refugees

Date de publication

Langue du document

Anglais

Résumé

[en] The financial inclusion of poor populations and/or refugees can be hindered by difficulties in proving or reluctance to disclose their identity. Bank accounts and mobile money services require that identities be provided. Financial digital services based on blockchain technology can provide anonymous authentication to poor/refugee populations and be a first step towards financial inclusion. We scrutinize several examples of such projects by comparing them with blockchain-based digital identity or financial inclusion programmes that are not necessarily restricted to poor/migrant populations. We use social network activity as a proxy for the failure or success of such projects. We find that blockchain projects targeted to migrants and poor individuals are more likely to fail than are those targeted to all. We more closely examine one particular case to check the consistency of our proxy. We present plausible explanations for our result : the discrepancy between the needs of populations of low socioeconomic status and the proposed blockchain-backed financial services and the fact that maintaining such services is energy intensive.

Collection

Source

HAL

Type de ressource

Texte intégral

Licence

Distributed under a Creative Commons Attribution 4.0 International License

Citation bibliographique

Yilmaz Ҫiğdem, Sébastien Galanti. Can blockchain help improve financial inclusion? A comparative study. 2023. [hal-04160431]

Citer cette ressource

[en] Can blockchain help improve financial inclusion? A comparative study, dans Études nordiques, consulté le 19 Avril 2025, https://etudes-nordiques.cnrs.fr/s/numenord/item/18860