Unlocking the Transformative Potential of Blockchain
Senior leaders share their insights LIVE at HCLTech Pavilion in Davos
1.7 billion adults worldwide remain unbanked in 2022, a fact which is exacerbating global poverty levels. High transactional costs, inaccessibility of banks and expensive financial service options are just some of the obstacles to financial inclusion that deploying blockchain technology and cryptocurrency can help overcome. By working with tech companies to upgrade local infrastructure and create innovative, digital financial products, banks could have a tangible positive impact on the lives of billions while in turn creating a wealth of new customers.
Digitising the financial system via the blockchain would allow people in remote areas of the world to access bank accounts, bypassing the need to to travel to a physical location to open an account or deposit money. Transactions completed on the blockchain and using crypto currencies are not only almost instantaneous but also have low rates and no minimum value. Furthermore, the lower costs of providing financial services means that banks can offer their products at a much lower rate without affecting their profit margins allowing them to reach potential customers that were previously priced out.
This panel discussion organised by the Financial Times in partnership with HCL Technologies will discuss the potential applications of blockchain and cryptocurrency for improving global financial inclusion. This high-level event will take place on the side-lines of World Economic Forum's Annual Meeting 2022 in Davos and is the first morning briefing of this series.
World-Class Business Leaders and Speakers
Key Discussion Points
Key Lessons
What are the key lessons we have learned so far in the decade that blockchain has been around so that we can accelerate blockchain adoption in financial services?
Innovative Solutions
How can financial institutions and technology companies collaborate to invent innovative solutions to long term obstacles that have kept billions out of the global financial system?
Improvements
Can blockchain be deployed to improve the accessibility and functionality of savings accounts, in turn offering long term financial foundations for billions?
Fight Corruption
Can the transparent nature of the public ledger, which underpins cryptocurrencies and blockchain, help fight corruption and fraud which threatens to undo efforts to aid those who live in low income areas?
Credit Review
How can cryptocurrencies and tokenization make lines of credit accessible for people who previously had no way of borrowing?
Why Attend?
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New approaches and strategies to help win market share
We are delighted to co-host a series of events at this year's World Economic Forum
The Davos Morning Show hosted by FT's Andrew Hill
Monday 23 May - Wednesday 25 May
07:45 - 08:30 CEST
Leadership in a Time of Global Crisis | FT & HCLTech Breakfast Briefing series
Tuesday 24 May at 07:20 CEST
Understanding the Potential of the Metaverse | FT & HCLTech Breakfast Briefing series
Wednesday 25 May at 07:20 CEST
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