Blockchain Technology: Implications for Development

A new research paper has been posted in the Risk Innovation Lab on the implications of blockchain technologies on development:

Blockchain Technology: Implications for Development
Author: Kevin Johnson

Abstract

Blockchain technology is being explored in several places around the world to solve problems and make systems of record more efficient. This paper outlines and provides a review of blockchain technology and includes potential implications for international development in private, government, and non-profit sectors. This research defines blockchain and other terms important to an understanding of the technology, discusses how blockchain is currently being applied, how it might be applied, explains how the technology works, reviews Hyperledger as a potential platform for use in a development context, supplies an example of how the technology might be used in a solar power grid, and provides concluding thoughts as to the positive and negative effects of implementing blockchain technology in the developing world.

The full research paper is downloadable here