Revolutionary Lending and Trading Platform for Local Business | Seth Goldstein
How do we increase availability of capitol to small and traditionally disadvantaged borrowers? How can we invest in businesses we care about while purchasing products/services we want, especially during pandemic closures?Carnegie Mellon Professor Goldstein has been investigating the interaction of technology, work and money with his computer science students to overcome several long-standing problems of established lending markets.By utilizing a public blockchain-style ledger they have created an equal access funding mechanism, BoLT: Building On Local Trust, that can reduce poverty and inequality. Learn about the interesting deep technical problems they faced to bring solutions to people today.