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The Opportunity

‘We are living in a phenomenal age. If we can spend the early decades of the 21st century finding approaches that meet the needs of the poor in ways that generate profits and recognition for business, we will have found a sustainable way to reduce poverty in the world. This task is open-ended. It can never be finished. But a passionate effort to answer this challenge will help change the world.’
Bill Gates


It’s already 11 years later, and I find this passage of the speech motivating and worth pursuing. The idea of finding new business models that are profitable and produce real solutions to small, developing and emerging economies, is at the core of why I started EMTECH. 

Currency tokenization and trusted distributed ledgers open the door to new and flexible business models that streamline core finance processes, then allow various participants to leverage those processes to transact directly with each other. The future is Network… and the results we expect are more trust and less silos. Imagine that world…

That’s why large and developed economies are already investing in the research and development of those new technologies. As a surprise to most of us in the industry, central banks in those markets have been researching the use of blockchain more seriously than the commercial banks for years now:

  1. US Fed testing since 2015
  2. France implementing Project Madre in 2017
  3. China and India are working their digital currencies)
  4. Bank of England developing a backup RTGS with DLT.

However, over the last 2 years, something stood out to me: there was no clear plan for the central banks in small, developing and emerging economies to engage in the innovation stage. I believe this is a unique opportunity to engage them.

US, China, UK, and Canada are working on tokenizing reserves, while there are still 1.7B people who still don’t have access to basic and efficient financial services. Ironically, the research those countries have done validated that emerging markets stand to benefit the most from central bank digital currencies.

Irony aside, we know emerging markets have different and unique needs that should be accounted for in the design of their solutions. Financial inclusion and literacy levels are just 2 dynamics that would trigger unique user and technical requirements for emerging markets. The one size fits all to technology is no longer a viable option. Instead, “custom and interoperable” is one our key design principles for what we are calling “A Modern Central Bank Platform”, especially those looking to leapfrog to the emerging and advanced technologies

What’s to come

This is the “Genesis Blockpost” as I am calling it (because why not!?). It is to introduce EMTECH and share a bit on what’s to come.

The mission is to become a trusted and reputable fintech partner for central banks in emerging markets. 

We are choosing to work with the central banks, and their partners, as they are the main decision makers for modernization efforts of their financial systems and are responsible for ensuring those systems are stable, safe and efficient.

We believe the shift from “electronic money” to “digital currency” offers central banks a chance to design a financial market that offers inclusion and stability catered to their local dynamics and priorities.  

Through our Blog Posts, we hope to share our research and points of view as the industry learns and innovates together.  Topics will vary to cover KYC/AML , Big Data, Governance Crypto and Security Frameworks, Retail/Wholesale Payments, Domestic/Cross Border Payments, Cross Network Transactions, Cross Asset Settlement, Blockchain, A.I., Capacity Building, and more.

At the core of it all, we aim to move the needle from concept to real life applications, design and deployment of new financial market infrastructure solutions built for and with emerging markets!