RE: A Real World Challenge for STEEMIT

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A Real World Challenge for STEEMIT

in africa •  7 years ago 

And one of the biggest challenges, which cryptocurrency could be instrumental in addressing, is that the customers of those customers (i.e. people buying electricity from their electricity company) aren't considered "creditworthy" under the current conventional financial system. Until the actual customers can be considered able and willing to pay for the electricity they consume, new projects will continue to be difficult to finance under traditional infrastructure project finance mechanisms, and utilities will be difficult to finance under corporate finance as the metrics for repayment to the lenders just won't be there. There are so many ways crypto could address this combination of challenges, in part by changing the payment ecosystem that electricity consumers live in.

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Makes sense.