Many female entrepreneurs in emerging markets need assistance with funding for their businesses to thrive and, in return, boost the economy. As academics, policymakers, and stakeholders, it is your responsibility to overcome the barriers that keep them from achieving these goals. Standard financial institutions often need to pay more attention to needs because there are structural prejudices, no security, and credit costs that are too expensive. This chapter analyses how the technologies of blockchain and artificial intelligence can revolutionize financial inclusion for women entrepreneurs in emerging economies. It starts with underscoring that the issue of inequality between men and women arises from financial exclusion that affects women most, given the structural, cultural, and economic barriers. The chapter argues that innovative technologies like blockchain and AI can provide decentralized, transparent, and scalable solutions to these challenges. The significance of blockchain in enabling secure, low-cost, and accessible financial services is examined with a focus on its ability to support the authentication of identities, secure peer-to-peer lending, and microfinance solutions. Simultaneously, AI's capacity to streamline credit evaluations, reduce prejudice in loan approvals, and provide individualized financial advice is evaluated. The chapter uses case studies from emerging Asian economies as examples to demonstrate how these technologies may empower women entrepreneurs by enhancing access to finance, encouraging financial independence, offering chances for company expansion, and creating further opportunities. Finally, the chapter identifies the potential and relevance of blockchain and AI-based financial tools and concludes with the need to promote policy intervention and cooperation between relevant sectors to enhance the deployment of these technologies. The application of blockchain and AI to empower women entrepreneurs presents a silver bullet for readdressing gender imbalance in the utilization of financial services and the development of emerging economies.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Leveraging Blockchain and AI to Revolutionize Financial Access for Women Entrepreneurs in Emerging Markets

  • Owais Ismaeil,
  • Jasmeet Kaur Lamba,
  • Namita Rajput

摘要

Many female entrepreneurs in emerging markets need assistance with funding for their businesses to thrive and, in return, boost the economy. As academics, policymakers, and stakeholders, it is your responsibility to overcome the barriers that keep them from achieving these goals. Standard financial institutions often need to pay more attention to needs because there are structural prejudices, no security, and credit costs that are too expensive. This chapter analyses how the technologies of blockchain and artificial intelligence can revolutionize financial inclusion for women entrepreneurs in emerging economies. It starts with underscoring that the issue of inequality between men and women arises from financial exclusion that affects women most, given the structural, cultural, and economic barriers. The chapter argues that innovative technologies like blockchain and AI can provide decentralized, transparent, and scalable solutions to these challenges. The significance of blockchain in enabling secure, low-cost, and accessible financial services is examined with a focus on its ability to support the authentication of identities, secure peer-to-peer lending, and microfinance solutions. Simultaneously, AI's capacity to streamline credit evaluations, reduce prejudice in loan approvals, and provide individualized financial advice is evaluated. The chapter uses case studies from emerging Asian economies as examples to demonstrate how these technologies may empower women entrepreneurs by enhancing access to finance, encouraging financial independence, offering chances for company expansion, and creating further opportunities. Finally, the chapter identifies the potential and relevance of blockchain and AI-based financial tools and concludes with the need to promote policy intervention and cooperation between relevant sectors to enhance the deployment of these technologies. The application of blockchain and AI to empower women entrepreneurs presents a silver bullet for readdressing gender imbalance in the utilization of financial services and the development of emerging economies.