Web3 vs. Web2 incentives for tangibly helping the developing world :: with Daniel Wilson, PhD
In this episode of Ventures, I introduce and play an important clip from episode 97 with Daniel Wilson, PhD (https://www.linkedin.com/in/daniel-wilson-phd-46956b35/) regarding the importance of Web3 to help humans flourish around the world. We talk about how while incentives for traditional organizations (e.g. banks) are often not compelling enough to provide the same services that developed nations enjoy, Web3 - especially Decentralized Finance (DeFi) - allows unprecedented access to quality financial services. We also talk about how a multidisciplinary approach to Web3 in the developing world is critical, and we discuss the work that Daniel is doing right now to help more language communities participate on the Internet.
1:39 - tee-up for the clip, in light of Daniel’s background in human language technology, how does he see Web3 - at its core - helping humans flourish globally? Core pieces of infrastructure are being put in place to give people unprecedented opportunities for development without the same ol’ paths to corruption.
3:25 - The amount that people save in life - all of a sudden, via a decision from one corrupt person, can devalue the currency and wipe out that value.
4:03 - Institutions (like banks) don’t have the kind of incentives that they do in developed nations. It is too risky for them. Web3 changes this.
5:07 - Terms DeFi, DAOs, blockchains, metaverse - combined with all the disciplines - is why Web3 is such an important and exciting area right now. Human challenges vs. technology challenges.
6:47 - What Daniel is doing right now in Web3 to help move things forward. (compassionate innovation…advancements in human language technology.) “If you don’t speak a language that is on the Internet, then you are still left out”
Best way to get a hold of Brandon online to continue the conversation. Twitter: @danwils (academic) @geoframeai (web3 & smart stream) // Also: @_smartstream_ // LinkedIn: https://www.linkedin.com/in/daniel-wilson-phd-46956b35/ // email: firstname.lastname@example.org