Financial Inclusion With Blockchain Technology Training Ppt

Slide 1

This slide gives an overview of Inclusive Finance which means that individuals and enterprises have easy access to useful financial goods and services that fulfill their requirements such as transactions, payments, etc.

Slide 2

This slide highlights the importance of inclusive finance in a society by listing the advantage it provides such as economic growth, empowerment of communities, reduction in inequality, and individual benefits. 

Instructor’s Notes: 

• Drives Economic Growth: Financial inclusion benefits individuals, families, and entire communities and contributes to economic growth of the poor population
• Enables & Empowers Communities: It enables and empowers people by providing them with the knowledge and tools to manage and save their money along with the information they need to make sound financial decisions
• Reduces Inequality in Society: Financial services assist the poorest and most vulnerable members of society in escaping a life of penury, while also alleviating social inequality
• Individual Benefits: Participation in the financial system leads to a host of individual benefits, including the ability to establish and build a business, which allows people to improve their long-term prospects through micro-financing programs. This also enables some of those helped to pay for education of their children; overall, there is the emergence of an educated and informed citizenry

Slide 3

This slide highlights the problem with the current situation of financial inclusion. There are approximately 1.7 billion unbanked individuals due to their inability to prove their identity through documents like a valid passport or birth certificate.

Instructor’s Notes:

These 1.7 billion individuals who traditional banking system does not include. Many of these 1.7 billion are already economically disadvantaged — have few options for sending and receiving money, building a savings account, obtaining credit, or obtaining insurance. Without any kind of financial safety net, any kind of unexpected event related to money spells disaster for this large section of society. No one is really isolated, as we are all interconnected today.

Slide 4

This slide discusses how blockchain technology can be used to promote financial inclusion. It can help in payment services, savings, credit, and insurance. 

Instructor’s Notes: 

• Payment Services: Unbanked people have a more challenging time sending and receiving money, and they typically lack the necessary documents to create an account, such as a passport or evidence of income. Blockchain applications are becoming a popular choice of technology for remittances, especially for transfer of small amounts of money, since they offer quick, inexpensive, traceable transactions that can store many currencies and be sent across numerous mobile networks, nationally and globally
• Saving: Xcapit, located in Argentina, uses blockchain's decentralized ledger to create an alternative platform that makes savings and investing more accessible for individuals without a bank account, credit, or financial literacy. The blockchain enables Xcapit to create a simple investing interface where consumers can depend on the network's security to know their funds are secure, while benefiting from a faster and affordable investment procedure
• Credit: Credit scores, which banks have historically used to assess credit eligibility, significantly impact economic growth. Grassroots Economics, a blockchain-based initiative established in Kenya and financed by UNICEF's Innovation Fund, attempts to bridge the credit gap in low-income areas