[SE24-CCT] Blockchain and the BoP: a disruptive technology for economic inclusion?

DAY 1 – Wednesday 27 June – 3:30pm-5:00pm

Swiss Tech | Room 2C | Level Garden

Session Leaders


Megan Leahy-Wright,

Endeva UG, Germany



Megan Leahy-Wright is an expert consultant on inclusive digital innovations, with a particular passion for the disruptive potential of blockchain technology on social and economic inclusion. As the “tech-lead” at Endeva, she has worked on several projects focusing on Tech4Dev, from creating a “how-to” on replication of inclusive AgTech business models and co-developing Endeva’s Inclusive Innovation 2030 event, to leading an international team in designing a 9-month acceleration programme for tech entrepreneurs in Kenya and Nigeria.


Victoria Wenzelmann,

University of Siegen, Germany



Victoria Wenzelmann holds M.A. degrees in Cultural Anthropology and African Studies and pursues her Doctoral degree in Information Systems and New Media at University Siegen. Her research focuses on ecosystems for social and technological innovation, (mobile) labs and learning rooms, and participatory design. She regularly gives workshops and consults startups, established businesses and international organizations, focusing on social and technological innovation, agile product management and systemic organizational design for co-located and remote teams and organizations – among others, in Germany, South Sudan, El Salvador, Uganda and Zimbabwe. She is Co-founder and International Executive Director of GIG Global Innovation Gathering e.V. In 2013, she coorganized AfricaHackTrip, a journey of nine web developers and designers to East Africa to connect local tech ecosystems.



Blockchain technology offers an enormous opportunity for the 2.7 billion people at the bottom of the global income pyramid (BoP) to attain more prosperity. Its decentralized, secure and transparent system of storing and making transactions supports a range of services for the BoP. It can provide the “unbanked” with access to financial services through cryptocurrencies (e.g. Bitcoin); it can be used to execute record and verify contracts (e.g. land registry) without the need for a third-party; and it can reduce transaction fees and improve supply chain management for entrepreneurs.

There are many unanswered questions when it comes to the future of blockchain technology in developing markets, but one thing is clear: blockchain is here to stay. So, it’s time for us to co-create a way forward with blockchain technology where no one is left behind. In this session, participants will work together in a structured design thinking process to collectively understand the needs of the BoP and build a roadmap to ensure everyone is part of the blockchain revolution.


Panelists and Abstracts


Sikka: Blockchain For Everyone

Kuldeep Bandhu Aryal1,2, Jefferson Scott Davis1,3, Saujanya Acharya1,2, Sandesh Pandey1,2

1 Rural Development Initiative, Kathmandu, Nepal

2 Nepal Innovation Lab, Lalitpur, Nepal.

3 Intellimatix, USA

Presenting author’s email address: saujanya.acharya@outlook.com

Biography of Presenting Author: Saujanya Acharya is the Project Lead and developer at Sikka, a blockchain based digital asset transform platform. He has been working in Sikka from the initial stage of development and has also worked in other blockchain based projects for over a year now. Based in Nepal Innovation Lab, Saujanya has also been involved in realizing other humanitarian and software development projects, as well.


Sikka is a digital asset transfer platform designed for the financially marginalised, at-need population. With Sikka, community members can receive cash transfers on their feature phones through local vendors or a local financial cooperative in their village, thus allowing both unrestricted as well as restricted cash-based transfers (CBTs). Sikka is designed such that it can provide unrestricted CBTs through local financial cooperatives or restricted CBTs and distribution of humanitarian aid goods through vendor networks.

In this way, Sikka’s asset transfer platform opens the benefits of blockchain-based services to those lacking either the knowledge, technology or resources generally required of other similar services.

Sikka can be used to represent any currency or commodity as per the aid organization’s need. The Sikka token will hold its value only within a well-defined ecosystem comprising the aid organization, beneficiaries, vendors and/or financial cooperatives.



One Daijo Case Study for Selecting a Blockchain for Decentralized Applications

Cynthia Bohm-Eh Yoon1, You Chang (Richard) Yoon1

1 One Daijo Ltd., Singapore


Presenting author’s email address: Cynthia.Yoon@OneDaijo.com

Biography of Presenting Author: Cynthia Yoon is the Co-Founder and COO of One Daijo Ltd., a CLG from Singapore that utilizes blockchain and cryptocurrency technologies to bring affordable loans to people in Southeast Asia and support them build digital credit identities. Previously, she worked with marriage migrants from Vietnam as a Fulbright Scholar and supported MFIs improve operational efficiency using GIS while attending the University of Oxford as a Clarendon Scholar. During her management consulting career, she was named UK’s Rising Star in Consulting.


Affordable credit enables families to invest in their futures, achieve social mobility, and contribute to the growth of their local and national economies. However, over 2 billion adults globally do not have access to formal financial services. 75% of this population lives in 25 developing countries without access to affordable credit. In recent years, blockchain and cryptocurrency technologies have received widespread attention as potential solutions for bringing financial inclusion to the Global South. However, the incipiency of these technologies, combined with the volatility of cryptocurrency, makes it challenging for organizations to implement these technologies as a solution for financial inclusion. In this paper, One Daijo – a not-for-profit that utilizes blockchain and cryptocurrency technologies to bring affordable loans and build digital credit identities for the unbanked in Southeast Asia – shares its methodology and findings from reviewing and selecting a public blockchain to build its Peer-to-Peer lending app.


Blockchain as a Supporting Tool for Trust in Organizations

André Sekulla, Volkmar Pipek

University of Siegen, Siegen, Germany

Presenting author’s email address: andre.sekulla@uni-siegen.de

Biography of Presenting Author (80 words): André Sekulla has a MSc in Computer Science of University of Siegen. While studying he was involved in interdisciplinary projects, like the Formula Students team or the Freescale Cup. His technical oriented bachelor thesis was at the BMW Group in Munich. Whereas his master thesis was about application-oriented aspects of data exploration and deep learning at the econ-solutions GmbH in Munich. Since 2016, André works as a research associate at the CSCW chair at the University of Siegen.


Blockchain technology is often criticized as externalizing trust, eliminating the human factor within relationships – and thereby reducing the perceived trust in the organization and fellow members. We pose the question: Can blockchain technology actually help increase trust within an organization – amongst members to each other, as well as of the members into the organization itself? The use case described in this paper deals with the distribution of shares within a startup, and the ways shareholders can take organizational decisions based on the distribution of shares. The aim is to develop a model for fair distribution of an organization’s shares, based on the value added by each individual member. There are various implications for social and economic development, for example to increase trust in distributed contracts between one buyer and several producers, of new ways of targeting corruption and accountability.


Blockchain for Land Registry: Pilots, Potentials and a Roadmap
Paula Franklin Lytle1,David Matthew Garrity2

1International Bank for Reconstruction and Development, United States of America

2GVA Research

Presenting author’s email address: gvaresearch@gmail.com

Biography of Presenting Author: David Garrity has over 25 years’ experience in the financial services industry, he has held senior roles including CFO and board of director positions for both publicly held and private companies, and has extensive experience in several disciplines including operating, advisory and research, and is CEO of New York City based consulting firm, GVA Research. He currently serves as Independent Director on the Board of BTCS Inc., a publicly-held U.S. company involved with Digital Assets and Blockchain technology development and application. During 2008 and 2009, David served as CFO and Board Director at Interclick, Inc., a behavioral targeting internet advertising network. From 2007 to 2011, Interclick revenues grew organically from $7mm to $150mm (115% compound annual growth), making it one of the fastest growing companies listed on Nasdaq. In December 2011, in an all-cash offer, Yahoo acquired Interclick for $270 million. At Aspen Group, owner & operator of online university Aspen University, David served as CFO and was integral to taking Aspen public, raising growth capital and developing relationships with investors, regulators and institutional clients.

David also serves on the advisory board for Venture.co Holdings, Inc. which develops financial technology and operates a funding platform for early-stage companies, and the Advisory Board of Quantum1Net, a quantum encryption company developing & deploying the Q1N Network and its related technologies in anticipation of growing adoption of quantum computing by enterprises, governments & private parties worldwide. David consults for The World Bank Group, on financial inclusion, mobile technology, and technology strategy for health initiatives in southern Africa. His paper on mobile money and disaster relief is published in “Technologies for Development: What is Essential?” (Springer Verlag). Prior to corporate service, David had an extensive career in investment research during which he co-founded start-up boutique firm American Technology Research and was voted a WSJ All-Star Analyst. David appears regularly on CNBC, BNN, Bloomberg, The Financial Times, Asia Times, Yahoo Finance, and other media outlets.


Blockchain has received near-constant journalistic attention for its role in securing bitcoin and with its implications for the financial sector. The cross-disciplinary implications for land registries and land rights have only initially been scratched. Hierarchical approaches to land rights (deriving power from state) have often struggled to deal effectively with different aspects of land use (mining rights, ecosystem services, timber, upstream and downstream riparians). Applying blockchain to land rights potentially could reconcile competing land claims and facilitate land registries as part of sustainable development. The paper draws upon one of the authors’ expertise in application of blockchain in private sector and both authors’ development experience to extrapolate from the existing use cases to possible application. The analysis identifies lacunae in existing practices and links pilots to possible large scale deployment. The objective of the paper is to develop a roadmap for the integrated use of blockchain in land registry.