2025
Ushering a New Billion into the Global System
Published on January 22, 2025, by a collective of industry leaders and academics, the DavosWeb3 whitepaper, “Ushering a New Billion into the Global System,” outlines a tech-driven strategy to integrate the world’s 1.4 billion unbanked adults.
The report identifies critical barriers to financial inclusion, including high costs, lack of necessary documentation, geographic and digital divides, and a fundamental distrust in banks.
Proposed solutions center on technological innovations like mobile banking, blockchain, and decentralized finance (DeFi) to lower costs and increase transparency. The paper also highlights the success of digital ID systems and government-led initiatives in expanding access.
It concludes by calling for ongoing dialogue between policymakers, technologists, and financial institutions to build a truly inclusive and equitable global financial system.