About

BanQu is groundbreaking for-profit / for-purpose blockchain-as-a-service software company solving the toughest global problem – Extreme Poverty.
As the world’s first and only non-cryptocurrency blockchain platform—we help lift people out of extreme poverty by connecting them to the global supply chains they participate in and the brands, organizations, and governments that power them.

The Problem

Nearly 2.7 billion people worldwide do not have access to credit and services by banks or other formal financial institutions due to lack of an Economic Identity.
This identity consists of the digital or electronic credentials that define a person’s history of economic interactions in the world economy. Lacking a credit history or verifiable Economic Identity, these “unbanked/underbanked” individuals (mostly refugees, the displaced, and the world’s poorest) are excluded from the global economy. As a result, the poor and the disenfranchised stay poor and disenfranchised, while billions of dollars of aid continues to flow to conflict zones, areas struck by natural disaster, and regions of extreme poverty, with no solution in sight…until now.

What is Economic Identity?

ec·o·nom·ic i·den·ti·ty

Economic Identity is the marriage of identity and commerce, resulting in a global, vetted, and manageable asset. This identity consists of the digital or electronic credentials that define a person’s history of economic interactions in the world economy.

Our Solution

Through the implementation of BanQu’s cutting-edge blockchain platform, we provide benefits to the businesses, organizations, and governments that interact with the world’s poorest on a daily basis. Each of these interactions are captured through a secure, immutable, and distributed ledger of financial and personal records using blockchain technology—in turn building the Economic Identities necessary to connect the “unbanked / underbanked” to the global economy, thus helping to lift them out of poverty.

Who Benefits

01.

Global Brands / People & Communities at The Last Mile

Through our supply chain solution, BanQu is helping global brands foster end-to-end transparency, traceability, and efficiency—connecting them to their farmers and manufacturers (last miles) directly. In turn, BanQu provides a platform where these “last mile” individuals, can maintain a free, secure online profile that allows them to begin tracking their relationships and transactions. Over time, they build a recognizable, vetted economic identity, which is the base prerequisite to participating in any form of ownership or transactions in the global economy.

02.

Financial Services (KYC/AML)

Financial institutions can use our platform to augment and automate compliance with “know your customer” (KYC), “anti-money laundering” (AML) and other identity authentication requirements under applicable banking regulations. We aim to support the financial sector as an approved technology vendor, verifying the identities of customers they serve. BanQu’s secure blockchain based platform enables “shared KYC,” which can lower the barriers for bringing the billions of unbanked individuals into the global economy.

03.

Government & Philanthropic Organizations

Governments, INGOs, and social enterprises can use our platform to track disbursements of aid and other resources in target communities and ensure such disbursements of aid are non-overlapping and appropriately distributed, in addition to many other possible use cases. The BanQu platform can be used to create long-term economic pathways for those marginalized in their communities – persons experiencing homelessness, refugees, the unbanked, etc. The BanQu platform also has a built-in M&E (Monitoring & Evaluation) framework that allows for real-time metrics collection, assessment, and decision support.

How it Works

BanQu works by connecting the unbanked to the global economy through a secure, immutable, and distributed ledger of financial and personal records using blockchain technology. Since 60% of the 2.7 billion unbanked people already own mobile phones, these devices make the best platform for these people to connect to the global economy.
BanQu allows the unbanked to set up a personal digital identification profile while connecting them to the global supply chains they participate in (i.e. brands/ companies they work for, banked network including family, friends, small businesses, and associated NGOs). As they start accumulating a transaction history on the BanQu blockchain, the unbanked also develop a trackable, vetted financial and personal history. Our blockchain platform allows people to record a variety of transactions including business exchanges, remote purchases, funded wallets, term purchases, cash disbursements, property records, health records, education records, and credit histories among others. This Economic Identity provides a baseline for the unbanked to participate in the global economy.
In return—BanQu’s platform provides benefits to the businesses, organizations, and governments that interact with these unbanked individuals on a daily basis.

In The Media

Illustrative Use Cases

supply-chain

Supply Chain Management

The BanQu Platform gives brands unprecedented traceability and transparency in their supply chains using a cutting edge blockchain solution. Brands using our platform gain competitive advantage through unparalleled cost savings, brand enhancement, and long-term success—all while providing their last mile suppliers the building blocks to escape poverty.
FINANCE

Financial Services

BanQu can bring down the cost of regulatory compliance for KYC/AML through our dual authentication process, and facilitate credit scoring based on financial transaction history, as well as cross-border remittances. In addition, it increases market access for banks, credit unions and MFIs in the bottom of the pyramid.
IDENTITY

Better Governance

BanQu lowers the cost of identity management systems for various government agencies, facilitates government-to-person payments, and creates economic IDs where the individual is in control of their own data privacy.
WORKFORCE

Workforce Development

BanQu creates a 360 economic profile for individuals and businesses, including trainings, cash for work programs, conditional cash transfers, employment history, and referral systems through trust networks. Overtime, the use of this profile will enable individuals and businesses to graduate to, or expand income generating activities.
AGLAND

Agriculture / Land

BanQu lowers the cost of access to finance for small holder farmers in Latin America and Africa by connecting land ownership to economic identity on BanQu. This solution also allows farmers to have direct access to growth enablers such as tailored crop-insurance, soil and irrigation management, and crop rotation.
aid

Aid Tracking & Management

Governments, INGOs, and social enterprises can use BanQu to track disbursements of aid and other resources in target communities and ensure such disbursements of aid are non-overlapping and appropriately distributed, in addition to many other possible use cases.

Our Partners

We are combating extreme poverty and helping some of the world’s largest brands get ahead.