The missing 2.4 billion. Solution time.

Great article from MasterCard. The opening lines say it all.

"About 2.4 billion people don’t exist. They are alive, but invisible. Simply because they have no driver’s license or national ID card. And without one, they are excluded from some of the most essential parts of everyday life. They can’t own property. Or vote. They can’t receive government services. Or open a bank account. And most of them are women."

A critical issue that needs to be solved. Lack of identity is often times the root cause of poverty, violence and these days terrorism. The young men and women being recruited by ISIS fall prey to the propaganda because they get an identity, the wrong identity, with ISIS.  While many countries are trying to implement national ID systems they have not succeeded because the identities are not "economic identities". Simply taking a fingerprint and issuing a card is not enough. It is not enough because a biometric ID alone cannot pull people out of poverty or enable access to the financial systems. The Identity needs to create a path out of poverty to economic freedom and resilience. The Identity needs to recognize and value the human at the center of it all. 

The solution lies in the blockchain. The blockchain is no longer a "fad" or "geeky stuff". It has become mainstream. There are thousands of applications of the blockchain that focus on the 4.5 billion people in the world who already have an identity. Everyday yet another blockchain wallet / coin / exchange is getting funded and sowing up on the app store. What about the 2.4 billion?

We at www.banquapp.com have taken the hard path. The path of creating a network platform that enables Economic Identity for the 2.4 billion referred to in the MasterCard report below. We believe that it is worth the time, effort and cost to create secure, reliable and portable Identities in the blockchain for the 2.4 billion people. Especially women. Because, women are smarter than men. And because women entrepreneurs, women leaders and women govt. officials strengthen a nation and economy.

At BanQu we are banking on women (and each one of the 2.4 billion) having economic identities so they can break the cycle of poverty once and for all and start participating in the global economy. So that ISIS and Boko Haram can be dismantled from the bottom up.

We are the first and only platform on the blockchain that is an open API platform where the individual owns and manages his / her economic identity using human-characteristics such as a selfie. Immutable. Secure. Resilient. 

Ending extreme poverty by enabling "dignity though identity".

#EconomicIdentityForAll 

Join us at www.banquapp.com/howbanquworks