CoinDesk’s Money Reimagined

Crypto Solutions for Humanitarian Aid: Pitfalls, Challenges and Opportunities

The capacity of crypto and what is stopping more places from using it.

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ABOUT

This episode is sponsored by Nexo.io, Quantstamp and EY.

“While there is quite a bit of interest, there's still quite a bit of skepticism” when it comes to crypto solutions for humanitarian aid, Jeremiah Centrella says.

Joining “Money Reimagined” hosts Sheila Warren and Michael Casey is Jeremiah Centrella, a partner at the law firm of Nichols Liu and former general counsel at Mercy Corps. Centrella explains where humanitarian aid organizations are on their journey of exploration of crypto and the value proposition these organizations provide for the crypto ecosystem.

Centrella identifies the common hesitancies organizations experience before considering crypto, including a fear of the more negative narratives surrounding crypto. Increased awareness, education and technology integration can help crypto solutions take hold.

The many complexities of humanitarian aid solutions prove a challenge for crypto integration. A carefully crafted solution, always with the needs of the people prioritized over the technology, must be flexible and adaptable in order to best assist those in need.

See also: Inside India’s Aadhaar, the World’s Largest Biometric ID System

Charity's Centralization Problem, Feat. Matthew Davie and Alpen Sheth

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Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MONEYREIMAGINED15 to get 15% off your GA and Pro pass at coindesk.com/consensus2022.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and additional production support by Eleanor Pahl. Our theme song is “Shepard.”

HOSTS

Michael J. Casey

Michael J. Casey is Chairman of The Decentralized AI Society, former Chief Content Officer at CoinDesk and co-author of Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital Age. Previously, Casey was the CEO of Streambed Media, a company he cofounded to develop provenance data for digital content. He was also a senior advisor at MIT Media Labs's Digital Currency Initiative and a senior lecturer at MIT Sloan School of Management. Prior to joining MIT, Casey spent 18 years at The Wall Street Journal, where his last position was as a senior columnist covering global economic affairs.

Casey has authored five books, including "The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order" and "The Truth Machine: The Blockchain and the Future of Everything," both co-authored with Paul Vigna.

Upon joining CoinDesk full time, Casey resigned from a variety of paid advisory positions. He maintains unpaid posts as an advisor to not-for-profit organizations, including MIT Media Lab's Digital Currency Initiative and The Deep Trust Alliance. He is a shareholder and non-executive chairman of Streambed Media.

Casey owns bitcoin.

Michael J. Casey