This story was originally published on HackerNoon at: https://hackernoon.com/building-a-rural-finance-ecosystem-for-the-philippines-part-1-the-asset-stack.
A new model for rural Philippine finance proposes indexing and tokenizing stored rice to create climate-resilient collateral for farmers and local banks.
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The Philippines faces the challenges of a fast growing youth population in a largely agrarian society, being constrained by continuous extreme weather events The need is to make rural fintech more efficient, responsive to the unique needs of its users, to provide baseline growth. This will lay the basis for true financial inclusion.