How do you empower local entrepreneurs to advance bottom-up solutions to climate change? How do you provide local green entrepreneurs with the technical assistance and market intelligence they need to validate innovative technologies and business models? How do you improve these entrepreneurs' access to capital?
These are some of the questions discussed by the World Bank Group’s Climate Business Innovation Network (CBIN) at its most recent meeting in Pretoria, South Africa earlier this month.
This network of leaders of incubators and accelerators from around the world meets bi-annually to share their experiences supporting green entrepreneurs, brainstorm solutions to common challenges, and learn from business incubation experts in this emerging field.
Blockchain is the subject of considerable hype, thanks largely to the rise (and fall and rise...) of high profile digital currencies. Beyond this spotlight, development experts and innovators are exploring whether the technology behind cryptocurrencies can be leveraged to advance gender equality.
Blockchain is a distributed ledger technology that facilitates peer-to-peer transactions without using an intermediary. (The technology is also notoriously difficult to follow, but we find this brief video helpful and this talk explains blockchain well, if you have a bit more time.) Put simply, the system is maintained by collaboration, code and sometimes competition. Many experts refer to Google Docs to explain the concept: multiple users can access the same document simultaneously and they can all see the changes. This feature potentially makes it suited for validating records and processing financial transactions in the absence of strong institutions.