WTO Director-General believes blockchain technology can improve women’s financial inclusion

2Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala wants the G-20 to look into blockchain technology, explaining that it offers more transparency and “could be beneficial to women” who have limited access to finance, according to Cointelegraph.

The former Nigerian Minister of Finance expressed this opinion while co-chairing the G-20 High-Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response.

Via: Twitter (@NOIweala)

When Cointelegraph’s editor-in-chief, Kristina Cornèr quizzed regulators who sat on the panel how blockchain can be used to improve financial inclusion for women, Mrs Okonjo-Iweala had this to say.

“Of course blockchain is something that brings more transparency in the way that business is done and removes intermediaries,” the WTO director-general explained.

She added: “I think that particularly in the finance area the ability to introduce this into transactions, I think could be particularly beneficial to women who are often excluded from access to finance. I think this is a good thing, something we should look into.” 

Via: Twitter (@NOIweala)

Surprisingly, the WTO Director-General was the lone voice to talk about women in blockchain amongst all the high-ranking members in attendance.

The G-20 panel also proposed a $75 billion funding plan to address the issue of pandemic prevention and preparedness.

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