1. GovBlocks Agile financial inclusion & enhanced citizen
service delivery for the unbanked
By:
Ish Goel
CEO, Somish
govblocks.co/indonesia

2. Does this apply to emerging markets?
Financial Inclusion in emerging countries
Financial Inclusion in developed countries was driven by banking infrastructure.
Does this apply to emerging markets?

3. eGovernance & Financial Inclusion
Learnings from India
Opening No frills bank accounts
2004
Problem: Dormant Accounts due to lack of service delivery mechanism
Opening Common Service Centers
2008
Problem: Individual Data & Tech Silos
resulting in disintegrated delivery
Attempt at Unique Identity
2009
Problem: Lack of banking infrastructure
Banking Uplift : 250K new
branches & 270M accounts
2014
Problem: Still not able to achieve
cashless economy
Digital India Initiative
2015
Problem: Centralized Systems,
Right to Privacy

4. Opening Common Service Centers
Opening of Common Service Centers in India
Started in 2008
Single Window Concept
Efficient Citizen Service Delivery
Increase in Local Tax Revenue
Government to
Citizen Services
Subsidy Schemes
Birth & Death Certificate
Tax Billing & Collection
Marriage Certificate
Emp Loans & Advances
Dowry Finance assistance
Trade Licenses
Building Plan Approvals
And others…
Government to Government Services
Double Entry Accounting
Municipal Solid Waste Mgmt
Loans & Repayment
Schemes Monitoring
Inventory Management
Salary Disbursal
Auditing & MIS
And others…
Opening Common Service Centers
Problem: Individual Data & Tech Silos
resulting in disintegrated delivery

5. Banking Correspondent Model Pensioners line up to receive payments
Financial Inclusion Attempts
Banking Correspondent Model, Biometric Cards
2007
Banking Correspondent Model
Problem: Looting, Late cash deposits, Corruption
2009
Pensioners line up to receive payments
Problem: Inefficient, despite biometric cards

6. Agile Financial Inclusion & e-Citizen Services
Using a regulated digital currency on Blockchain Technology

7. Fertilizer Subsidy/Grant Distribution
Agile Financial Inclusion & e-Citizen Services
Use-Case: Agricultural Subsidies/Grants Tokenization
Fertilizer Subsidy/Grant Distribution 4
Allocate Fertilizer Token 1 2 3
Agriculture
Govt Dept
Bank Indonesia
Central Bank
SMS Request
for Grant
Identity Verification through Telecom & Citizen Profile
Grant
Approval
eCurrency Account
Holder 6 5
SMEs
Enterprise
Transfer Tokens in lieu-of fertilizers
Encash Token
through Bank

8. Advantages of using GovBlocks
Agile Financial Inclusion & e-Citizen Services
Advantages of using GovBlocks
Advantages of using GovBlocks
Capability to build a regulated cashless economy
Financial services without need of banking infrastructure
Conditional & Unconditional Cash Transfers in Tokens
Instant Remittances without internet
Ability to recall tokens in case of non-usage
Immediate token redemption
Ability to earn interest
Ability to function with simple mobile phones, without internet

9. Winner at London Blockchain Week 2017 Hackathon
Achievements
Established since 2006 | Blockchain CoE in 2016
London Blockchain Week, 2017
Berlin Blockchain Expo, 2017
ICT for Agriculture, Washington, 2017
Winner at London Blockchain Week 2017 Hackathon
London FinTech Week, 2017

10. Tokenized Fund Transfer Crisis Fund Distribution
Blockchain Projects
Multi-industry | GovBlocks
P2P Insurance Mutual
Aviation Maintenance
Subsidy Distribution
Public Distribution System with assured and accurate utilization enabling transparency, Traceability & Standardization.
Bringing back insurance in a cost efficient way by allowing individuals to form groups that can share risk at affordable costs.
Single Version of Truth for OEM, MRO, Aircraft, Airline & Authorities reducing operating costs & layover times.
Tokenized Fund Transfer
Domestic Fund Transfer on Blockchain for emerging markets to tackle Financial Inclusion without last-mile bank branches.
P2P Energy Trading
Blockchain platform for P2P energy trading with turing complete solar panel meters and bidding system.
Invoice Discounting
A DLT solution for Banks, Manufacturers and their Vendors to majorly reduce processing timeframes.
Immutable Audit Trail
A DLT solution for moving ahead of RDMBS implementations to store Audit Trail data on an immutable, trusted ledger.
Crisis Fund Distribution
A global common ledger for raising, allocating & distributing aid, donations and grants during times of crisis.
Bank Reconciliation
A DLT solution for bank reconciliation eliminating an age-long problem of different bank statement formats.

11. Ish Goel Demo Link : govblocks.co/indonesia Thank You. CEO, Somish