Sierra Leone announced that they would use distributed ledger technology in partnership with the United Nations and Kiva.org (using Hyperledger), for the purpose of microlending. Does this system make sense? How does the power of the crowd help risk in these lending scenarios, and remove the need for identity?

This question is from the February monthly subscriber session, which took place on February 23rd 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

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He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, ‘Интернет денег’ (v1) – https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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9 COMMENTS

  1. Kiva.org is using Hyperledger Indy. Indy ledger includes only hashes of data and decentralised identifiers (check out W3C DID specification) therefore it doesn’t reveal any personal information concerning the identity holder.

  2. Garbage in, garbage out is one of my favorite sayings. You can't build truth from lies. It's great to have these opportunities available to those who would otherwise have no means of identification. As it is equally consequential to everyone if that system is operated by bad actors or even worse. Careless individuals that arn't fit to manage that database in the first place. Glad you feel the same way in that you give without any intention of recieving Andreas.

  3. Finally the first to like ! The bitcoin god! Andreas do you think that these giants coins, facebook, visa(announced today their involvement in crypto) etc . Could disrupt the bitcoin adoption?

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