0 comments on “A Coming Revolution in Physical Addresses”

A Coming Revolution in Physical Addresses

There was an announcement recently that, while it doesn’t have world-spanning impact on its own, may herald what will be a global change in how physical locations addressed in the world: Cote d’Ivoire announced that it would be adopting what3words as its official postal address scheme, making it the second country to do so (Mongolia was the first).

what3words is a physical addressing scheme that divides the globe into tiles of three square meters and assigns a unique 3-word address to each. The words are regular English words; homophones and offensive terms are filtered out, and there is a 40,000 word master list from which the 57 trillion tiles that make up the earth’s surface (ocean areas included). Essentially what3words has assigned a set of mnemonics to numerical GPS coordinates, much in the same way as DNS assigns mnemonic domain names to numeric IP addresses.

To understand the amazing potential of what this can accomplish, let’s look at the first national adopter of what3words, the Mongolian postal service. Much of Mongolia is open steppe, an endless horizon of rolling grassland for which words cannot convey the sense of immensity, and much of the population still lives out on the steppe — I had the privilege of visiting in 2006; the vista cannot possibly be captured on film and will remain with me for the rest of my life. Getting from one place to the next is not difficult, either by vehicle or, more traditionally, on horseback; so much so that the network of roads that developed in many countries over the prior two centuries was neither required nor particularly desired. Imagine the challenge, then, of trying to send a parcel to someone living on the steppe. But with a what3words address, everyone living on the steppe is now easily locatable, allowing them to communicate by post, participate in e-commerce, and start businesses that, prior to this innovation, would have been logistically impossible for them to operate from their homes.what3words started up in 2013, and a number of travel concerns and NGO’s have adopted their addresses, but, it was the Mongolian announcement last year that first made me aware of them, and I have been watching them since. The potential of this solution is enormous, for global logistics, for financial inclusion, and even for more diverse and trivial use cases like finding friends and family at large music festivals, theme parks, or sporting events. Most startups fail though, and while the Mongolian use case was a key success (and an obvious win given Mongolia’s unique geographical challenges), to me one of the key indicators that what3names might actually succeed was adoption by a second, preferably African, country. If the Cote d’Ivoire adoption succeeds, as I believe it is likely to, I could see any number of African countries with similar challenges (e.g. entire villages with no postal address) adopting it in rapid succession.

If this takes off, the impact cannot be overstated. Everything else we are trying to accomplish in fighting poverty and improving the human condition – financial inclusion, educational access, universal broadband, targeted humanitarian aid — will become that much easier.

Oh, and if you ever find yourself in the vicinity of belong.enjoyable.delay, do feel free to drop by for a cup of coffee and a chat.

Links:

The CNN article on Cote d’Ivoire that appeared today:

http://cnn.it/2iA0fjC

You can visit the what3words site itself and find your own three word address at:

http://cnn.it/2iA0fjC

The mobile app (free) is available on from the Apple App Store and Google Play:

https://appsto.re/gb/c4MnN.i

https://play.google.com/store/apps/details?id=com.what3words.android

0 comments on “Blockchain for Social Good”

Blockchain for Social Good

A great deal is being written lately about blockchain and while only a few of the world’s current 10,000+ blockchain-based start-ups are likely to succeed, hype exists for a reason, and the core truth remains that distributed ledger technology has the potential, and probably the destiny, to completely transform how the world records and shares business transactions. Most cited use cases for blockchain come from the financial services industry, but blockchain is beginning to be taken seriously by other sectors as well, such as energy, manufacturing, and especially health care.

We could brainstorm some good use cases where the application of blockchain would yield transformational results in socially oriented Key Performance Indicators (KPIs) however by approaching these challenges in a more structured way, and starting with the more abstract changes that distributed ledgers bring, we can think more systemically; this will improve our ability to use blockchain to creatively and effectively address larger universe of problems.

Systemic Transformations From Blockchain Adoption

Consensus

When multiple parties in a business network share a single ledger of transactions, the amount of time spent establishing and verifying the details of any transaction can be significantly reduced. In a social context, this would allow charities and NGO’s to deliver goods and services with much greater efficiency.

Identity 

Getting assistance to the right recipient is one of the biggest challenges of any social enterprise; this can be as true in mature economies as it is in the developing world. A framework for identity management that was flexible enough to work across different countries, processes, and technologies would not only reduce misdirected aid, it would significantly reduce the percentage of budget a charity or NGO would need to spend on compliance.

Provenance 

From blood donations to organ transplants to diamonds to industrial waste, the ability of a social enterprise to accurately identify the source and chain of custody of key material goods is critical. Blockchain by its very nature provides an immutable chain of provenance. By immutable we mean that once a transaction is recorded it cannot be deleted or denied – its record is unchangeable.

Transparency

By some estimates, as little as 40% of the world’s material aid reaches its intended destination. In some parts of the world, the percentage of monetary aid reaching its final destination is far lower than this. Through the application of the consensus, identity, and provenance capabilities that are native to distributed ledger technology, social enterprises can envision a new operating model. Not only one in which its ability to operate with transparency and efficiency is transformed, but one in which that transparency and efficiency are directly visible in real time to its managers, regulators, donors, and above all, its beneficiaries.

Real-world Use Cases

With a solid understanding of these systemic transformations, it becomes a fairly straightforward exercise to envision very concrete, KPI-driven business cases for a wide variety of social goals. Some quick examples:

  • Tracking the flow of refugees through conflict zones and porous borders, to ensure they receive the humanitarian aid they need. Also, ensuring that cohesive medical histories follow such refugees in their migrations
  • Identifying sources, inventories, and locations of tainted foods, faulty components, or toxic waste
  • Ensuring that material aid such as food or clothing reaches the intended recipients
  • Real-time tracking of blood or organ donations

In addition to these direct examples, social enterprises would also stand to benefit from adopting some of the core financial services use cases for blockchain:

  • Cheaper and faster currency remittance
  • More efficient trade finance, letters of credit, and logistics
  • Innovations in funding and business models

Next Steps

A distributed ledger, by its very definition, must exist across a network of enterprises and individuals for any of these benefits to be realized which requires that those enterprises and individuals agree on a common standard or protocol for sharing data and modelling transactions. In most cases, the organizational challenges of agreeing such a protocol within a business network will dwarf the technological challenges of implementing that protocol on blockchain. As a result the social enterprises who will be the most likely to succeed with blockchain will be the ones who:

  • Are the first to agree a protocol with their networks of donors, beneficiaries, and logistics providers
  • Define those protocols, and the technology needed to use them, in a way that makes it easy and inexpensive for other participants in the business network to adopt them
  • Have the focus and influence necessary to obtain approval for their transformed business models from the relevant regulators

Note: This article first appeared as a blog post from Russam GMS, an an excellent interim executive sourcing firm. I would highly recommend following their Insights section, which features updates from some very interesting senior business leaders. You can link to their insights page at: https://russam-gms.co.uk/insights