Can Blockchain be used to decode the Future of Economics? | Mickelle Weber | TEDxAmsterdamWomen

TL;DR

Financial safety for women can be achieved through smart contracts leveraging blockchain technology.

Transcript

Have You Ever Had A Moment of clarity so strong that it changed your Life Path forever mine happened in a minivan of all places while I was taking my children to preschool they were all bundled up in their car seats oh my God so cute and I had just sent my partner off to run a company that started at our kitchen table and was now flourishing obviou... Read More

Key Insights

• 👩‍⚕️ Financial burdens on women in households lead to mental health issues and strained relationships.
• 🧔‍♀️ Smart contracts on the blockchain offer a solution to empower women economically and address financial inequalities.
• 🧔‍♀️ The economic system undervalues household labor, with women bearing the brunt of unpaid work.
• 👻 Governments and businesses need to adapt to allow for more diversity and inclusion, but smart contracts can bring immediate change.
• 🧔‍♀️ Technology like blockchain can revolutionize the financial world, ensuring fairness and empowering women economically.
• 🧔‍♀️ Clear agreements and robust infrastructure are essential for providing financial safety to women in households.
• ✊ Smart contracts can automate payments, quantify unpaid labor, and shift power dynamics, benefitting women in the economic sphere.

Questions & Answers

Q: How did the speaker's moment of clarity in a minivan lead to the realization of financial burdens on women?

The speaker's experience highlighted how invisibly managing the household led to feelings of financial insecurity, sparking the need for change in financial dynamics within the household.

Q: How are smart contracts on the blockchain proposed as a solution to address financial inequalities for women?

Smart contracts are seen as a way to make household agreements explicit, automate payments fairly, quantify unpaid labor, and empower women economically by revolutionizing the financial system.

Q: What challenges do women face economically, as highlighted in the content?

Women often bear financial burdens in households, experiencing undervalued unpaid labor and facing inadequacies in financial and legal systems that fail to account for their contributions.

Q: How can smart contracts help shift power dynamics in relationships and ensure financial safety for women?

Smart contracts can automate agreements, enable fair distribution of financial contributions, and provide transparency, reducing control and financial abuse in relationships.

Summary & Key Takeaways

• A personal anecdote reveals the financial burden placed on women in households, leading to mental health struggles and strained relationships.

• The speaker emphasizes the need for financial safety for women, particularly in households and the economy.

• Introducing smart contracts on the blockchain as a solution to empower women economically and bring overdue disruption to biased systems.