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Can Bitcoin
Solve Global Poverty?
© 2017 Juan Llanos
United Nations Headquarters, February 10, 2017
@JuanLlanos
© 2017 Juan Llanos
Is the United Nations the world’s hospital?
Adult population with NO USE OF formal
or semiformal FINANCIAL SERVICES
© 2017 Juan Llanos
SCALE
GLOBAL
UNIVERSAL
© 2017 Juan Llanos
“Poverty is the greatest challenge facing the world today”
2030 United Nations S...
cryptocurrency (b)
value transfer network (B)
open platform (B)
© 2017 Juan Llanos
O P E N / P U B L I C
P R O G R A M M A B L E
D I S T R I B U T E D C O N S E N S U S
N O D O U B L E - S P E N D
T R A N ...
freedom to own
freedom to transfer
freedom to innovate
© 2017 Juan Llanos
PERMISSIONLESS INNOVATION
CORRUPTION- & CENSORSH...
© 2017 Juan Llanos
the money
opportunity
© 2017 Juan Llanos
PROBLEM
misguided/incompetent/corrupt governments take advantage of fractional-re...
© 2017 Juan Llanos
Cutting prices by at least 5
percentage points can save up
to $16 BILLION/YEAR.
the remittances
opportunity
© 2017 Juan Llanos
PROBLEM
disadvantaged/emerging economies are highly dependent on family rem...
© 2017 Juan Llanos
the global commerce
opportunity
© 2017 Juan Llanos
PROBLEM
disadvantaged/emerging economies are cut off from global (e-)co...
© 2017 Juan Llanos
© 2017 Juan Llanos
HERNANDO DE SOTO SHOWS AN ”ARTISANAL” CHAIN OF TITLE
Underground economy
© 2017 Juan Llanos
$10 TRILLION
the property rights
opportunity
© 2017 Juan Llanos
PROBLEM
unregistered assets are “dead,” cannot serve as capital
rightfu...
self-sovereign identity
© 2017 Juan Llanos
the identity
opportunity
© 2017 Juan Llanos
PROBLEM
current systems: invasive, ineffective, exclusionary, non-interoperabl...
the renewable energy
opportunity
© 2017 Juan Llanos
PROBLEM
oil-based energy expensive, negative environmental impact, uns...
PARADIGMS
challenged
m o n e y
s o v e r e i g n t y
s e c u r i t y
r e g u l a t i o n
p r o p e r t y
i d e n t i t y
l...
© 2017 Juan Llanos
THE ULTIMATE
OPPORTUNITY
PROBLEM
“Power corrupts. Absolute power corrupts absolutely.” (Lord Acton)
mos...
© 2017 Juan Llanos
@JuanLlanos
Thank You
United Nations Headquarters - February 2017
United Nations Headquarters - February 2017
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United Nations Headquarters - February 2017

Presentation at a side event organized by the World Jurist Association during the 55th Meeting of the United Nation's Commission for Social Development. The overarching goal was finding strategies for the eradication of poverty to achieve sustainable development for all. The slides are self-explanatory and were intended to provide a vision of transformative potential, not an in-depth discussion of challenges and opportunities.

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United Nations Headquarters - February 2017

  1. 1. Can Bitcoin Solve Global Poverty? © 2017 Juan Llanos United Nations Headquarters, February 10, 2017 @JuanLlanos
  2. 2. © 2017 Juan Llanos Is the United Nations the world’s hospital?
  3. 3. Adult population with NO USE OF formal or semiformal FINANCIAL SERVICES © 2017 Juan Llanos
  4. 4. SCALE GLOBAL UNIVERSAL © 2017 Juan Llanos “Poverty is the greatest challenge facing the world today” 2030 United Nations Sustainable Development Agenda
  5. 5. cryptocurrency (b) value transfer network (B) open platform (B) © 2017 Juan Llanos
  6. 6. O P E N / P U B L I C P R O G R A M M A B L E D I S T R I B U T E D C O N S E N S U S N O D O U B L E - S P E N D T R A N S PA R E N T L E D G E R REVOLUTIONARY TECHNOLOGY
  7. 7. freedom to own freedom to transfer freedom to innovate © 2017 Juan Llanos PERMISSIONLESS INNOVATION CORRUPTION- & CENSORSHIP-RESISTANCE
  8. 8. © 2017 Juan Llanos
  9. 9. the money opportunity © 2017 Juan Llanos PROBLEM misguided/incompetent/corrupt governments take advantage of fractional-reserve-based monetary system high/hyper inflation, currency controls, monetary debasement hurt millions OPPORTUNITY bitcoin/cryptocurrencies as alternative store of value preferable even despite volatility
  10. 10. © 2017 Juan Llanos Cutting prices by at least 5 percentage points can save up to $16 BILLION/YEAR.
  11. 11. the remittances opportunity © 2017 Juan Llanos PROBLEM disadvantaged/emerging economies are highly dependent on family remittances cost of remittances highest where infrastructure underdeveloped, competition limited and regulation restrictive OPPORTUNITY cutting prices by 5% can save senders up to $16 billion/year (World Bank) bitcoin/cryptocurrencies as cheaper alternative transfer mechanisms P2P de-monopolizes remittance corridors
  12. 12. © 2017 Juan Llanos
  13. 13. the global commerce opportunity © 2017 Juan Llanos PROBLEM disadvantaged/emerging economies are cut off from global (e-)commerce talented entrepreneurs and merchants blocked from exporting goods and services OPPORTUNITY leverage increasing mobile connectivity with the “Internet of Value” potential explosion in “gig economy” micro-enterprises
  14. 14. © 2017 Juan Llanos
  15. 15. © 2017 Juan Llanos HERNANDO DE SOTO SHOWS AN ”ARTISANAL” CHAIN OF TITLE
  16. 16. Underground economy © 2017 Juan Llanos $10 TRILLION
  17. 17. the property rights opportunity © 2017 Juan Llanos PROBLEM unregistered assets are “dead,” cannot serve as capital rightful owners of property at mercy of corruption lack of credibility of right ownership and transfer at a distance (time + space) OPPORTUNITY leverage decentralized, tamper-evident, anti-fragile properties of open blockchains
  18. 18. self-sovereign identity © 2017 Juan Llanos
  19. 19. the identity opportunity © 2017 Juan Llanos PROBLEM current systems: invasive, ineffective, exclusionary, non-interoperable, vulnerable human rights violations; inability to engage in binding contracts; impediment for financial inclusion OPPORTUNITY leverage decentralized, tamper-evident, anti-fragile properties of open blockchains enable self-sovereign identity (user autonomy and control) meet both civil liberties and law enforcement goals
  20. 20. the renewable energy opportunity © 2017 Juan Llanos PROBLEM oil-based energy expensive, negative environmental impact, unsustainable long-term oil and gas traded only in USD à impact on local economies OPPORTUNITY Communities as consumers + producers of renewable energy (smartgrids) tokenization + kwh-denominated trading
  21. 21. PARADIGMS challenged m o n e y s o v e r e i g n t y s e c u r i t y r e g u l a t i o n p r o p e r t y i d e n t i t y l a w g o v e r n a n c e © 2017 Juan Llanos
  22. 22. © 2017 Juan Llanos THE ULTIMATE OPPORTUNITY PROBLEM “Power corrupts. Absolute power corrupts absolutely.” (Lord Acton) most humanitarian actions address symptoms, not root causes power imbalances and asymmetries are at core of inequality OPPORTUNITY lower ”our vulnerability to the whims of strangers” (Nick Szabo) via open blockchains reduce human subjectivity enhance access, equality and freedom
  23. 23. © 2017 Juan Llanos
  24. 24. @JuanLlanos Thank You

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  • guiasantana

    Feb. 13, 2017
  • LeonVandenberg

    Feb. 19, 2017

Presentation at a side event organized by the World Jurist Association during the 55th Meeting of the United Nation's Commission for Social Development. The overarching goal was finding strategies for the eradication of poverty to achieve sustainable development for all. The slides are self-explanatory and were intended to provide a vision of transformative potential, not an in-depth discussion of challenges and opportunities.

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