NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, June 20, 2019

By Florian Kemmerich

The Global Impact Investing Network (GIIN) recently published research which revealed that global impact assets under management topped $502 billion in 2018. It is further proof, if we needed any, of the exponential growth of impact investing in recent years, with new entrants both small and large coming to market.

However, despite this growth, there is still a plethora of untapped opportunities that impact investors have yet to take advantage of. Blockchain is one of the biggest and has the potential to transform millions of lives in some of the poorest regions of the world. In Africa, there are three converging trends that will enable blockchain to have an exponential positive impact on the lives of low income communities on the continent.

Photo courtesy of GotCredit.