Distributed Ledger Technologies for Developing Asia

32 Pages Posted: 7 Jun 2018

See all articles by Benno Ferrarini

Benno Ferrarini

Asian Development Bank

Julie A. Maupin

Max Planck Institute for Comparative Public Law & International Law; Centre for International Governance Innovation

Marthe Hinojales

Asian Development Bank

Date Written: December 1, 2017

Abstract

This paper takes a first pass at assessing areas of implementation for distributed ledger (or blockchain) technology in the context of development finance. It identifies five use cases, including digital identity, trade finance, project aid monitoring, smart energy, and supply chain management. A discussion of the main benefits, risks and implementation challenges suggests that experimentation with distributed ledger technology can produce immediate significant benefits in some areas, while others require further research and investment, as well as additional technical, infrastructural, or regulatory development. Development lenders can play a role in helping unleash these technologies’ positive developmental impact throughout the Asian region.

Keywords: blockchain, developing Asia, distributed ledger technology, financial technology

JEL Classification: G21, MI3, O33

Suggested Citation

Ferrarini, Benno and Maupin, Julie A. and Hinojales, Marthe, Distributed Ledger Technologies for Developing Asia (December 1, 2017). ADBI Working Paper 533. Available at SSRN: https://ssrn.com/abstract=3187964 or http://dx.doi.org/10.2139/ssrn.3187964

Benno Ferrarini (Contact Author)

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Julie A. Maupin

Max Planck Institute for Comparative Public Law & International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany
+49 6221 482 355 (Phone)

HOME PAGE: http://www.mpil.de/en/pub/institute/personnel/academic-staff/jmaupin.cfm

Centre for International Governance Innovation ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

Marthe Hinojales

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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