Ahtiso FinTech

Underserved and/or unserved communities: a characteristic of underserved and unserved communities is that they lack access to financial tools and are not able to capture value effectively. However, research shows that these communities often host extensive informal economies. These informal economies allow for value exchange albeit through irregular mechanisms. Unfortunately, the value in these informal economies is often lost and does not count toward macro-economic growth. This problem can be addressed by leveraging digital currencies that allow communities to capture value at the point where it is generated in the context of the whole. Governments can deploy this technology to reach low-income communities and as a way to integrate informal economies.

Refugee camps: Refugee communities face several social, economic, health and other challenges. Despite this, informal economies also emerge in refugee camps. Digital currencies, and the associated Digital ID systems needed to enable these currencies, are a tool that could support Refugee communities in defining value for themselves, capturing this value, and exchanging it both with themselves and with the host community. International organizations and host governments can deploy this invention to support refugee communities with a tool to transfer value, and to integrate them into society.

Space colonies and outposts: Space exploration is on the rise, with even more private companies offering space flights, alongside advancements in life sustaining technologies. All of these advancements and efforts point towards human colonies in space and in the future, on other planets. As these colonies grow, naturally, we will form communities that need to exchange value. This is the perfect context as it allows these new communities to define value for themselves and equips them with a digital currency that allows the defined value to be captured at the moment when it is created. Future societies can integrate this invention to support the transfer of economic value in unusual contexts. This will be especially useful when printing cash is not possible.

Smart cities: smart cities are cities that leverage technology to capture data and integrate this data into the running of the city. This is another good context for digital currencies, where each unit of currency can be enriched by the diversity of data points available about how value is being created and moved around within the city.