Tech Intersect™ with Tonya M. Evans

Tech Intersect 44: Akin Sawyerr-Are Blockchains & Defi Lending the New Esusu Wealth-Building Model? Lessons from Nigeria

November 24, 2020 Tonya M. Evans Episode 44
Tech Intersect™ with Tonya M. Evans
Tech Intersect 44: Akin Sawyerr-Are Blockchains & Defi Lending the New Esusu Wealth-Building Model? Lessons from Nigeria
Chapters
0:56
Episode Intro
2:46
Guest Intro
3:47
How ARE You?
5:29
Origin Story
12:51
DFi - Interests and Concerns
14:53
Trust & Reputation as Currency
22:01
Advantage Evans Promo
24:17
Africa & Crypto
26:57
The Future of Work
33:27
Final Thoughts - Firms v. Individuals
37:06
Episode Wrap-Up
Tech Intersect™ with Tonya M. Evans
Tech Intersect 44: Akin Sawyerr-Are Blockchains & Defi Lending the New Esusu Wealth-Building Model? Lessons from Nigeria
Nov 24, 2020 Episode 44
Tonya M. Evans

In this episode of Tech Intersect, I chat with Akin Sawyerr, Managing Director of Feleman Limited, a venture advisory firm focused on leveraging Blockchain technology to create value in underserved communities. Akin also serves in a Strategy & Operations leadership role with Barnbridge, a derivatives protocol built on the Ethereum blockchain. Previously, Akin served as the Strategy and Africa Lead for Decred. Before that spent fifteen years in management consulting and Fortune 500 corps. He led strategic and organization transformation projects at Booz Allen Hamilton and Accenture and held leadership positions with Freddie Mac and Fannie Mae. 

And to add to this impressive list of credentials, Akin began his career at the International Monetary Fund in the Technology and General Services Group where he conducted economic research and data analysis in support of IMF country strategies across Africa, Asia and Europe. 

We discussed the current state of the crypto ecosystem, the future money and work in the US and abroad on the continent of Africa and where we go from here. Specifically, we talk about Nigeria as a case study for how distrust in a political and financial system can lead to a shift where citizens opt-out to adopt other self-custody value transfer options. For example, esusus (informal lending groups) are a popular means to create and protect wealth based on familial relationships or affinity groups, create a community of trust and honor that is “off the books”  In the case of esusus, they are not digitized. They are IRL cultural norms. But if they were digitized … perhaps they’d look A LOT like blockchain communities.

We explore what it would look like to digitize cooperative economics for the unbanked, underbanked and those who want an alternative hedge against government-issued money (aka fiat).

SPONSORED BY ADVANTAGE EVANS™ ACADEMY 

There’s a more cost effective and time-efficient way to reach your leading-edge learning and earning goals, to put you ahead of the stiff competition to create opportunity and generational wealth in this fast-paced, tech-driven economy. You need skills. Credentials. An advantage. And I can help! I empower underestimated life-long learners traditionally locked out of tech and finance to take control of their financial futures and participate in the new digital cash economy safely, legally and confidently in a welcoming space so they can stay ahead of the curve and create autonomy, opportunity and generational wealth in the fast-paced, tech-driven world. 

Ready for your advantage? Learn more about From Cash to Crypto™ at AdvantageEvans.com.

Akin's Twitter

Contact:

Rapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Produced by Tonya M. Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.

Support the show (https://tinyurl.com/techintersectvip)

Show Notes Chapter Markers

In this episode of Tech Intersect, I chat with Akin Sawyerr, Managing Director of Feleman Limited, a venture advisory firm focused on leveraging Blockchain technology to create value in underserved communities. Akin also serves in a Strategy & Operations leadership role with Barnbridge, a derivatives protocol built on the Ethereum blockchain. Previously, Akin served as the Strategy and Africa Lead for Decred. Before that spent fifteen years in management consulting and Fortune 500 corps. He led strategic and organization transformation projects at Booz Allen Hamilton and Accenture and held leadership positions with Freddie Mac and Fannie Mae. 

And to add to this impressive list of credentials, Akin began his career at the International Monetary Fund in the Technology and General Services Group where he conducted economic research and data analysis in support of IMF country strategies across Africa, Asia and Europe. 

We discussed the current state of the crypto ecosystem, the future money and work in the US and abroad on the continent of Africa and where we go from here. Specifically, we talk about Nigeria as a case study for how distrust in a political and financial system can lead to a shift where citizens opt-out to adopt other self-custody value transfer options. For example, esusus (informal lending groups) are a popular means to create and protect wealth based on familial relationships or affinity groups, create a community of trust and honor that is “off the books”  In the case of esusus, they are not digitized. They are IRL cultural norms. But if they were digitized … perhaps they’d look A LOT like blockchain communities.

We explore what it would look like to digitize cooperative economics for the unbanked, underbanked and those who want an alternative hedge against government-issued money (aka fiat).

SPONSORED BY ADVANTAGE EVANS™ ACADEMY 

There’s a more cost effective and time-efficient way to reach your leading-edge learning and earning goals, to put you ahead of the stiff competition to create opportunity and generational wealth in this fast-paced, tech-driven economy. You need skills. Credentials. An advantage. And I can help! I empower underestimated life-long learners traditionally locked out of tech and finance to take control of their financial futures and participate in the new digital cash economy safely, legally and confidently in a welcoming space so they can stay ahead of the curve and create autonomy, opportunity and generational wealth in the fast-paced, tech-driven world. 

Ready for your advantage? Learn more about From Cash to Crypto™ at AdvantageEvans.com.

Akin's Twitter

Contact:

Rapternal Music (Regulate and The Rabbit Hole) by Notty Productions is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

Produced by Tonya M. Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.

Support the show (https://tinyurl.com/techintersectvip)

Episode Intro
Guest Intro
How ARE You?
Origin Story
DFi - Interests and Concerns
Trust & Reputation as Currency
Advantage Evans Promo
Africa & Crypto
The Future of Work
Final Thoughts - Firms v. Individuals
Episode Wrap-Up