Blockchain-based microcredit

SDG-1 Blockchain graphic

The study funded by the Ethereum Foundation explores the potential of blockchain-based microcredit systems to enhance financial inclusion in Kenya, particularly for microentrepreneurs. This initiative aligns with SDG 1 by aiming to alleviate poverty through improved access to financial services. It also supports SDG 8 by promoting economic growth and entrepreneurship. The research identifies financial literacy as a barrier and suggests educational strategies to overcome it, aligning with SDG 4. The study highlights the potential of blockchain to address limitations of existing systems like M-Pesa, contributing to SDG 9 and SDG 10 by fostering innovation and reducing inequalities. Monash Business School and the Monash Blockchain Technology Centre are involved in this research, emphasizing the university's role in advancing financial inclusion through innovative technologies.

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Related SDGs

SDG 4 Quality Education SDG 8 Decent Work and Economic Growth SDG 9 Industry, Innovation and Infrastructure SDG 10 Reduced Inequalities SDG 17 Partnerships For The Goals