Bobby Williams is a former official of the United Nations and current Director of Technology for the Caribbean Blockchain Association, a regional think-tank and consultancy. He is the author of UN ECLAC’s 2017 research paper on Prospects for blockchain-based settlement frameworks as a resolution to the threat of derisking to Caribbean financial systems.

Blockchain-based solutions to the Caribbean derisking problem

De-risking was an acute illness for the Caribbean financial sector in 2015 and 2016. In 2017, the height of the fever has broken, but the patient is still sick. Though correspondent banks in developed countries are no longer dropping services to Caribbean banks at a rapid pace, the region’s economies remain encumbered with a residue…