Breaking: India and Switzerland agree market and protocol for FinTech.

Today, 15 July 2040, we can celebrate a new regulatory framework between ... 

Challenges we address: lacking regulatory framework; food waste.

Food Wastage: 

  • One of the biggest bottlenecks in the Indian supply chains is the perishable vs. non-perishable goods shelf life.
  • Tech Development: farmers need to have access to cold storage units. Case in point: Perishable Goods such as tomatoes, fruits and spices (which are fragile too).
  • Fair Pay: We need a supply chain system which cuts out the middle-men so that farmers have access to the incentive of fair pay (many farmers dump their produce on the side of the road due to issues in payment by authorities which adds to the problem of food wastage)

Regulatory structure national in Switzerland and India. 

  • jurisdictions:  Switzerland (national) & India (national)
  • data base: each country will create a data base of farmers, suppliers, with key information that would be required by investors to do due diligence (this data would be vetted by a regulator)
  • a similar data base would be created about eligible investors with key information that borrowers, companies, etc. would want to confirm in their due diligence
  • creation of an efficient money transfer system (CBDC) between the platforms in the two countries and government agrees there are no withholdings of money flowing in either direction
  • standardized contract (blockchain) that is accepted by both jurisdictions and in state languages.
  • government policy paper about what borrowers, companies can raise money through this platform ('approved borrower') based on sustainable policy criteria

Other jurisdictions are encouraged to sign-up to this platform but adhering to the terms that are already in place (ensure consistency between all participating jurisdictions)

 

An efficient financial market. Sustainability of the market platform. 

 

 

 

 

 

 

!!You are now living in 2040!! Write the story like if you were living in 2040!!

  • Explain briefly what’s the success story

 

  • What’s the current context (in 2040), how does the world look like, what actors are involved.
  • Rice farmers in India and

 

  • Explain briefly how Sustainable Fintech bridges have helped to address systemic challenges and risk associated with Fintech and Sustainability.  Tell the readers what has happened in the last 20 years to reach this point. You can use an incremental chronology of 5 years at a time starting in 2021.

 

  • What recommendations would you like to give the Sustainable Fintech Community in 2021 to success?