Building a Rural Finance Ecosystem for the Philippines, Part 1: The Asset Stack
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Building a Rural Finance Ecosystem for the Philippines, Part 1: The Asset Stack
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This story was originally published on HackerNoon at: https://hackernoon.com/building-a-rural-finance-ecosystem-for-the-philippines-part-1-the-asset-stack.
A new model for rural Philippine finance proposes indexing and tokenizing stored rice to create climate-resilient collateral for farmers and local banks.
Check more stories related to finance at: https://hackernoon.com/c/finance. You can also check exclusive content about #fintech, #fintech-for-agriculture, #philippine-rural-finance, #asset-backed-tokens, #rural-banking-philippines, #crop-indexing-model, #agricultural-fintech-solutions, #indo-pacific-tech-ecosystems, and more.
This story was written by: @nxtgencode. Learn more about this writer by checking @nxtgencode's about page, and for more stories, please visit hackernoon.com.
The Philippines faces the challenges of a fast growing youth population in a largely agrarian society, being constrained by continuous extreme weather events The need is to make rural fintech more efficient, responsive to the unique needs of its users, to provide baseline growth. This will lay the basis for true financial inclusion.
