Global markets are searching for yield. Meanwhile, producers in emerging markets can generate returns of over 50% in 6 months, but have difficulty getting capital. This is where Kora Network comes in to provide infrastructure for sustainable growth and linking investors to transparent financial ecosystems.
The company developed its own network architecture specifically for financial services, preserving data privacy and auditability while maintaining high scalability. By offering better access to identity, payments, and pooling capital to achieve economies of scale Kora helps drive sustainable growth. Specifically, Kora is able to massively reduce the cost of financial services and can introduce full transparency by a record of agreements within any specific eco-system.
The company is in a fast expansion mode with user testing completed with farmers in Nigeria, and additional betas being developed in Ghana, Peru and Bangladesh. By end of 2018, Kora aims to service thousands of users and has also set sight on securitizing the $5 trillion agriculture market. By 2020 Kora wants to be active in 20 countries and having securitized over $1billion.
Does NOT need internet: Running Blockchain on simple GSM
Kora's capabilities are much larger than just providing micro-payments and include infrastructure and solutions for cooperative structures of shared resources.
Almost all cooperatives stifled by coordination problems: “Everyone works together, but only the accountant gets rich,” says Kora's co-founder Maomao Hu, adding that “coordination problems are one of the things that Blockchain solves better than any structure that has ever been invented.”
But what's maybe most impressive is that Kora has developed the technology that allows users to access all benefits of the Blockchain with a simple GSM phone – no internet needed. Currently almost 70% of the world population has GSM which is still growing strongly. India alone will add 310 million new unique subscribers by 2020.
Learn from Maomao Hu:- How Kora Network is helping farmers get paid directly
- Why Kora had to build their own network
- How Europe’s GDPR (General Data Protection Regulation) can ruin Blockchain business models
- Kora Network Team & Strengths:
- Employs full time CFO for compliance, contracted leading law firm
- ICO can be marketed to all countries (including US) except China
- Partners & Advisors | Co-Founder Dickson Nsofor
- Why Kora isn’t a bank but banks love to work with Kora
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Global markets are searching for yield. Meanwhile, producers in emerging markets can generate returns of over 50% in 6 months, but have difficulty getting capital. This is where Kora Network comes in to provide infrastructure for sustainable growth and linking investors to transparent financial ecosystems.
The company developed its own network architecture specifically for financial services, preserving data privacy and auditability while maintaining high scalability. By offering better access to identity, payments, and pooling capital to achieve ...more
