Angie Jones, Global Vice President of Developer Relations at TBD, discusses TBD’s role in transforming the global financial landscape through decentralised technologies and open-source solutions.
1. Inspiration Behind TBD
TBD was created to extend Block’s mission of financial inclusion through decentralised technologies, particularly bitcoin. With a billion people globally lacking banking services, TBD aims to bridge these gaps using open-source standards. By offering simplifying APIs and SDKs, TBD seeks to connect legacy systems with innovative solutions to foster financial empowerment.
2. Benefits of Open and Decentralised Technologies
For End-Users: Open-source solutions provide transparency, security, and freedom from vendor lock-in. They ensure that financial applications can interoperate seamlessly, which fosters user trust. For Developers: Open-source technologies enable faster innovation and improved security through collective expertise. TBD’s commitment to open standards supports developers in creating impactful solutions with robust resources and tools.
3. Challenges for Developers in Blockchain
Key challenges include achieving widespread adoption and engagement from all stakeholders. TBD is addressing these by building a strong developer community through initiatives like workshops and hackathons. Events in Accra and Nairobi aim to support and inspire developers across Africa.
4. Significance of the TBD Hackathon
The TBD Hackathon, in partnership with the Africa Blockchain Conference, focuses on solving issues such as slow and costly money transfers. By encouraging developers to integrate with the tbDEX protocol, TBD is promoting innovation and addressing financial inclusion challenges in Africa.
5. Targeted Use Cases for tbDEX
TBD hopes developers will create solutions addressing:
- Limited banking access
- High transaction fees
- Inefficient cross-border payments The tbDEX protocol aims to enhance financial access, reduce costs, and streamline transactions, contributing to a more inclusive financial ecosystem.
6. Long-Term Goals for tbDEX in Africa
TBD aims to expand its developer and partner ecosystem, focusing on unifying internet potential, digital currencies like bitcoin, and decentralised identity into a comprehensive system. The goal is to build trust, reduce risks, and drive down transaction costs while improving access and inclusion.
7. TBD’s Role in Shaping Future Financial Systems
TBD is set to revolutionise global payments by leveraging decentralised identity and the tbDEX protocol to enable efficient, secure cross-border transactions. TBD’s vision includes fostering an open, permissionless, and inclusive financial environment that advances digital transactions and trust.
TBD’s innovative approach represents a significant step forward in transforming financial systems and developer communities, driving progress towards greater financial inclusion and efficiency.
