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January 2019

Revolutionizing mobility through blockchain

Photo: Plamenj/Flickr

As digital technology continues to transform and reshape the transportation industry over the last few years, blockchain as a decentralized distributed technology has been embraced by other fields through various applications. It has found varied applications across banking, financial services, healthcare, e-governance, and voting.

Blockchain has immense potential to solve the most pressing problems of mobility where it can be used by private & public sector to securely share and integrate data across modes of transport. It paves  the path for transforming Mobility as a Service (or MaaS), where a user may access different modes of transport (three-wheelers, bus, metro, train etc.) on a single platform with seamless connectivity. It makes a paradigm shift in redefining the customer needs in terms of service, rather than the mode of transport.

The applications of blockchain in reducing the cost of financial transactions have been implemented across sectors. In India, 80% of our travel is for distances less than 5 km and most of this is through non-motorized modes of transport which may largely be served by walking, bicycle, and cycle rickshaws. In these modes the, transaction size for every ride is small (or nil). Also, people in urban and semi-urban areas tend to use multiple modes of transport to reach their destinations. In this case, it makes sense for using digital payments that are integrated across all modes of transport. But the payment systems of today charge a transaction fee of between 0.5% to 5%. This hampers the faster uptake of digital payments, especially for smaller transactions. Blockchain greatly reduces the cost per transaction as there are no intermediaries involved in the payment system, thus making small transactions of even 1 or 2 Indian rupees ($0.014 to $0.028) digitally feasible.

What’s keeping India in the dark?

Fan Zhang's picture
To boost and sustain its energy supply, India needs urgent investments and reforms to fix the inefficiencies that plague its entire electricity supply chain.
To boost and sustain its energy supply, India needs urgent investments and reforms to fix the inefficiencies that plague its entire electricity supply chain. Credit: World Bank

Statistics show that what is commonly perceived as an energy gap in India is actually an efficiency gap.

To boost and sustain its energy supply, India needs urgent investments and reforms to fix the inefficiencies that plague its entire electricity supply chain. 

But first, the good news. In 2018, every village in India got connected to the grid.  That same year, power shortages declined dramatically to 0.9 percent from 8.5 percent in 2012.  

As for clean power, India has become one of the world’s leading countries in renewable energy and aims to add 227 gigawatts of green electricity by 2022.

True, India today generates more power than ever. Yet, 178 million Indians still lived without access to grid-connected electricity in 2017.

On top of that, air pollution from coal-powered plants contributed to 82,900 deaths across India in 2015.

Given its rapidly growing economy, demand for power in India is expected to triple by 2040.

The country faces a monumental task to meet this demand while protecting its natural environment and the health of its people.

As I write in my new report, ‘In the Dark’, power distortions cost India much more than previously estimated: $86 billion in 2016—that is 4 percent of the country’s economy.

Scaling up innovations in agriculture: Lessons from Africa

Simeon Ehui's picture
The West Africa Agricultural Productivity Program is building a sustainable and nutritious food system in Nigeria that creates jobs for youth. Photo: Dasan Bobo/World Bank

For too long the narrative surrounding Africa’s agri-food sector has been one of limited opportunity, flat yields and small farms. It’s true that Africa is still producing too little food and value-added products despite recent efforts to increase investment, and that agricultural productivity has been broadly stagnant since the 1980s as shown in the 2018 African Agriculture Status Report.

Confronting tobacco illicit trade: a global review of country experiences

Sheila Dutta's picture



Illicit trade in tobacco products undermines global tobacco prevention and control interventions, particularly with respect to tobacco tax policy. From a public health perspective, illicit trade weakens the effect of tobacco excise taxes on tobacco consumption - and consequently on preventable morbidity and mortality - by increasing the affordability, attractiveness, and/or availability of tobacco products. Furthermore, tobacco illicit trade often depends on and can contribute to weakened governance.

What’s holding back digital disruption in remittances in Southern Africa?

Nomsa Kachingwe's picture
South Africa currency
Photo: Shutterstock

In a new World Bank report on the Market for Remittance Services in Southern Africa, we outline the binding constraints that appear to be holding back the digital remittances revolution in the countries that make up the Southern African Development Community (SADC).

Digital disruption in international person-to-person remittances is well underway. New research estimates that international digital remittances will exceed US$300 billion globally by 2021, making up 44% of total formal international remittances, and up from 36% in 2018. Thanks to high rates of mobile phone penetration and growing internet access, digital players are not only gaining ground, but they are also forcing “traditional” incumbents to expand their digital footprint.

WDR 2020: Sneak preview

Pinelopi Goldberg's picture

The next World Development Report (WDR) on Global Value Chains: Trading for Development is well under way. Check out our website for a sneak preview.

Since the Bank’s last report more than thirty years ago on Industrialization and Foreign Trade, the world has been transformed, mostly in positive terms from a development perspective. Several low and middle income countries can now participate globally thanks to global value chains (GVCs).

World Bank guarantees help Benin refinance expensive debt & address health, education needs: a win-win

ARNAUD BRAUD AND VINCENT LAUNAY's picture



While the World Bank’s resources for low-income countries have never been greater, they still pale in comparison with these countries’ needs. Governments always need to make hard choices between infrastructure needs, social programs, and fiscal discipline. One country was recently able to strike the right balance with the support of World Bank guarantees: Benin.

The World Bank’s role in SDG monitoring

Umar Serajuddin's picture

In 2015, leaders of 193 countries formed an ambitious plan to guide global development action for the next 15 years by agreeing on a set of Sustainable Development Goals (SDGs). Four years after their launch, the World Bank’s expertise in development data and its large repository of development indicators has played an important role in helping track progress made towards the achievement of the SDGs.

How does SDG monitoring work and how is the World Bank involved?

To monitor the 17 goals and 169 associated targets, a framework of 230+ indicators was developed by the Inter-agency and Expert Group on SDG Indicators (IAEG-SDGs), a group of UN Member States with international agencies as observers. Different international agencies were assigned as “custodians” of the SDG targets. In this capacity, the custodian agencies work with national statistical offices to develop methodologies for indicators to measure progress on the SDGs. The agencies also work with countries to compile data for SDG indicators, which they submit to the UN Statistics Global SDG database.

The World Bank participates in IAEG-SDGs as an observer and is a custodian or co-custodian (with other agencies) for 20 indicators, and is involved in the development and monitoring of an additional 22 indicators. Altogether, the World Bank is formally engaged with the monitoring of 42 of the 230+ indicators. The indicators cover a wider range of topics in which the World Bank has expertise, including poverty and inequality, social protection, gender equality, financial access, remittances, health, energy, infrastructure, and so on.

Why we need to integrate gender equality and women’s empowerment in disaster recovery – and how to do it!

Cindy Patricia Quijada Robles's picture

Did you know that women, girls, men and boys are often affected differently by disasters? While natural hazards make no distinction as to who they strike, underlying “man-made” vulnerabilities – such as gender inequality caused by socioeconomic conditions, social norms, cultural beliefs and traditional practices – can leave some groups much worse off than others. Disasters harm all, but they often disproportionally affect women and girls because of their lower access to political, economic and social resources as well as social and cultural gender-specific expectations and norms.
 
In fact, women’s and girls’ disaster mortality tends to be higher than that of men and boys.  Case in point: Four times as many women than men were killed in Indonesia, Sri Lanka, and India during the 2004 tsunami. A big reason for this is that men learned how to swim and climb trees at young ages, while women did no. And 90% of the victims of the 1991 cyclone in Bangladesh were women, because social and cultural norms restricted their mobility. Beyond this direct impact, women and girls are also subject to indirect impacts in the aftermath of disasters including loss of livelihoods, increase in workload, rise of sexual and gender-based violence (SGBV), deterioration in sexual and reproductive health, loss of education for girls and limited access to post-disaster remedies and compensation.

Bridging boundaries for climate adaptation financing with river basin organizations

Christina Leb's picture
Tourists and fishermen prepare to take their boats out on Lake Victoria in Kisumu, Kenya.
Photo: Peter Kapuscinski / World Bank

Water, climate, and finance know no borders. This brings both challenges and opportunities. When it comes to freshwater, a majority of the world’s surface water flows in transboundary basins, spanning multiple federal states and countries. At the same time, most impacts from climate change are felt through the global water cycle and sub-cycles.  Thus, transboundary cooperation is crucial for strengthening climate resilience. And, when done appropriately, riparian countries and river basin organizations (RBOs) can harness their unique attributes to secure adaptation financing from a range of sources.


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