Blockchain Summit Examines the Role of Privilege in Spreading a Democratizing Technology

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Media Outlet: Forbes

Tomicah Tillemann moderated a panel at the Bitfury Group Blockchain Summit:

The moderator, Tomicah Tillemann, director of the Bretton Woods II program at New America, pointed out that Civic doesn’t work, say, for refugees in camps or coming off boats without papers.
“If we want to solve the problems of the world, we’ve got to work on solutions that are universal, but they don’t start here because critical mass is not derived from places that are behind,” said Lingham, pointing to the example of Apple and other tech companies. “The benefits that developing markets get from technology are purely derived from the fact that critical mass was achieved in developed markets first. You would not have $20 smartphones in Africa if we weren’t selling hundreds of millions or billions of phones in other parts of the world. Why? Because R&D costs money.”

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Tomicah Tillemann is a leader in the fields of civic innovation and social finance. He serves as Director of the Bretton Woods II program at New America. He and his team work with the world's largest asset owners to reduce risk and volatility through strategic investments in social impact and development. He is also Co-founder of the Blockchain Trust Accelerator, Chair of the Global Blockchain Business Council, and a member of the Advisory Board of the BitFury Group, a leading full-service Blockchain company.