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• Tristan - software developer from the Philippines and have worked extensively on ecommerce platforms
• Kar Fei - coach and strategy advisor for Social Entrepreneurship programs
• Khai Yong - entrepreneur and business developer
• Cynthia - volunteers at Fugee School for Somali refugees and Pandawasa Academy for Afghan, Iranian, and other refugee kids in Malaysia
73%unbanked or underbanked in the Philippines
100m population, 2014 figures
http://www.philstar.com/cebu-business/2014/05/26/1327424/73-pinoys-are-unbanked
Impediments
• Lack of access and transportation
• Inadequate network infrastructure
• Deficiency in knowledge and understanding
• Unstable income
• Poor credit history
Hyperlocal Banking
• It's not new
• Village banking and microfinance in Guatemala
• Lacks machine-readable trust assertions*
*Big thank you to Stephan Wissel for the term
Hyperlocal Banking
• Leverages the trust inherent in the social infrastructure
• Exposes people to the benefits of banking and financial systems
• Promotes trust and reliability by committing transactions into the blockchain
Potential Applications
• Payment plans and subscriptions
• Loans and mortgage collateral
• Salary and Payroll
• Cashless payment (currently implemented)
HUB
Tristan Cynthia
sends an sms asking to pay Cynthia
confirms transaction and transfers funds
transaction is settled
Technology• Blockstrap API
• Ruby
• HTML5
• Javascript
• Postgres
• SMS
• Currently works with doget for development efficiency, but can easily support others
• Android, iOS, Windows native apps are coming soon
Supercharging the economy
Intelligence and Analytics
*Big thank you to Stephan Wissel for the cake idea
It's a Piece of Cake
• You trust your bank to hold and manage your funds
• You trust the money printed by the central bank
• You trust that virtual transactions happen just as if they happened with a physical exchange of goods
Trust. Reliability. Community. Banking. Blockchains.
These are all words that go together :)
Hyperlocal banking has the potentialto reach 2.5 billion lives