Episode 113 - TóróNet - Empowering community-driven development in emerging economies with blockchain

Crypto Altruism Podcast

In episode 113, we’re excited to welcome Bolaji Akinboro and Arkan Akin, Co-Founder’s of TóróNet, a Layer-1 blockchain with a vision for a world of access where finance and technology serve communities so they can fulfill their aspirations for a better life. We discuss how blockchain can drive financial and social inclusion in emerging economies, how Web3 tools can support smallholder farmers, why blockchain is well suited to address some of the most pressing international development challenges, and much more.

--Three Key Takeaways--

• When it comes to international development efforts, real change happens at the community level, led by last mile communities. As such, it’s important to make sure that new technologies like blockchain are accessible to these communities and have a simple User Experience (UX)/User Interface (UI).
• Technology alone won’t solve the world’s most pressing international development challenges, so it’s important to partner with local and international NGOs, governments, and communities when using blockchain technology to implement international development projects.
• When onboarding new individuals to Web3, it’s important to lead with the benefits, not the technology. NGOs and community members don’t necessarily care about the tech behind a project, but rather the benefits and impact of the project itself.

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While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.
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