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Dignity Through Economic Identity

BanQu is a software technology that connects refugees, the displaced, and the world’s poorest to the global economy through digital identity

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*Please Upload User Experience Map (as attachment) and any additional Beneficiary Feedback in this field

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.

Explain your project idea in two sentences.

BanQu is a software technology company on a mission to connect refugees, the displaced, and the world’s poorest to the global economy through a secure, portable digital identity.

What is your organization name? Explain your organization in one sentence.

We leverage blockchain technology to give the world’s poorest access to the global economy.

Is this project idea new for you or your organization? If no, how much have you already executed on?

No, it is not a new idea. We have developed the app, and are testing it through pilots in several countries. We have secured partnerships with major institutions working in the refugee sector.

What is the problem you aim to solve with this idea? How would you define this problem as urgent and a priority in your target community?

Nearly 2.7 billion people worldwide do not have access to credit and services by banks or other financial institutions. Lacking a credit history or verifiable economic identity, these “unbanked/under-banked” individuals (mostly refugees, world’s poorest) are excluded despite billions in aid inflow

What is the timeline for your project idea? What are the key steps for implementation in the next 1-3 years?

Once the pilot is complete, it’s back to the drawing board for refinement and improvement. We plan to create an awareness raising campaign, partnering with change-makers, NGOs, government agencies and private sector We will sign additional partnership agreements with key partnerships with development organizations, banks and MFIs. We will continue to partner with large international organizations. Chemonics International and a consortium of insurance companies and banks have signed agreements

Describe the individual or team that will implement this idea (if a partnership, please explain breakdown of responsibility).

Ashish Gadnis: 27 years experience in global business solutions, technology deployments, startups Hamse Warfe: 18 years of experience in philanthropy/nonprofit and global development finance. Jeff Kaiser: decades of Technology Executive with diverse background in start-up, mid-size, IT solution

What do you need the most support with in this project idea?

  • Business Development/Partnerships

What is your primary goal over the next 6 weeks of Refinement?

  • Get exposure to design thinking and IDEO

How do you currently measure (or plan to measure) results for this project?

Number of new BanQu network members (unique E-IDs) signed up per month and number of new transactions (commerce) per BanQu member. • Total monthly global Diaspora connections into the BanQu network and their commerce value. • Number of INGO / NGO / Aid organization transactions enabled on BanQu network and relation to geographic location and daily PPP. • Financial self-sufficiency –Is our model self-sufficient? •Effectiveness- Does the model result in increased net income for participants?

How has your project proposal changed due to your user research during the Beneficiary Feedback Phase?

No, but the feedback has been useful for future product development.

(Optional) What are some of your still unanswered questions or concerns about this idea?

We believe in iterative process, therefore we anticipate receiving continues feedback and refining the process.

BanQu is the first ever blockchain Economic Identity technology (patent pending) platform and network that enables a secure and immutable platform for creating economic opportunities for people around the world who are refugees and/or living in extreme poverty.

We provide long-term/ permanent economic empowerment for millions of refugees worldwide and the 2.5 billion unbanked/under-banked people in the world. This empowerment will lead to financial inclusion in the global economy, overall GDP growth and leverage of the global Diaspora capital.

Almost nine out of every 10 refugees (86 percent) are in regions and countries considered economically less developed ( BanQu views financial inclusion not as an incremental change to existing businesses, but as a whole new approach to solving poverty, from the ground up, establishing economic identities in the global economy and dignity for all.

Our model creates a sustainable and scalable model that aims to eliminate extreme poverty for those living under $2 PPP.  BanQu provides a practical, low-cost solution to a severe global crisis – extreme poverty and burgeoning refugee population. While the estimates may vary, it is known that the world has over 2 billion people living in poverty and over 65 million refugees/displaced people. The majority of these global citizens are without a basic identity that legitimizes their existence in society. This lack of identity directly prevents them from breaking the cycle of poverty. Many of them die needlessly. For the millions of refugees, the problem is worse as they move across cities and across borders.

Explain your idea

BanQu is a blockchain “permissioned private distributed ledger" network that has the following critical constructs not offered by anyone else in the world for the refugee and extreme poverty populations in the world: • Immutable human-characteristics based (selfie) ID owned by the user who creates it. • Access to this identity without any need for physical documentation. • Ability to “tag / attach” assets or artifacts to build upon the identity. (These could be things like land-rights, health records, birth registration, livestock owned, and other forms of identity such as mobile number, education records and health records.) • Given the universal nature of the BanQu ID, global aid and NGO agencies can accept it and legitimize the refugees (or populations they are serving) when delivering aid and services. • The portability of the BanQu ID (since it exists on a public blockchain) enables a systematic buildup of transaction history for the refugee (and extreme poverty) populations, thereby creating a reliable profile for a path out of hardship situations. • The blockchain technology by definition is a trust-based public ledger. BanQu has leveraged this and created a trust-network that allows BanQu users (individuals, social enterprises, and aid agencies, NGOs etc.) to connect with each other based on immutable and transparent transaction history and identities, thereby creating bankable customers.

Who Benefits?

The beneficiaries are refugees, IDPs and those in extreme poverty zones. According to UNHCR, poverty, wars, conflict and persecution have forced more people than at any other time in history to flee their homes and seek refuge and safety elsewhere. One in every 122 humans in the world is now either a refugee, internally displaced, or seeking asylum. If this were the population of a country, it would be the world's 24th biggest. Half of all refugees are women while children represent 41%. The high refugee and IDP population worldwide puts enormous pressure on INGOs, the government and aid agencies to provide emergency assistance in the short-term, as well as create long-term solutions to dramatically reduce this number.

How is your idea unique?

The BanQu Innovation, which puts identity, trust, and responsibility at the center of the social ecosystem, is socially and technically superior to any financial system today because it uses blockchain technology to record, secure, and document non-monetary identities and monetary histories, as opposed to a centralized, corporate controlled database, to provide a financial foundation for commerce. This commerce mirrors financial and trade paradigms from the pre-industrial age and works to include one global person to interact with any other global person in trade and commerce. Secondarily, its identity centric, network oriented design supports the poorest population at the center of the ecosystem, not products and corporations. The BanQu App greatly increases impact to the target population because it does not discriminate based on global region of residency, class, income, or financial history. This design allows for the customers using the network to interact with others.

Idea Proposal Stage

  • Piloting: I have started to implement my solution as a whole with a first set of real users.

Tell us more about you

Our team is uniquely positioned to deliver consistent results and scale BanQu in a significant way by bringing together a rare combination of the following skills: Day-to-day reality of the current global poverty crisis; successful start-up and exit experience; great passion; lots of failure; personal poverty and refugee experience; global economics and local applications; philanthropy; business operations; banking; supply chain management; mobile applications in fragile / conflict states; gender equality lens; patience; conflict management and iterative development approach to solving very large very complex problems.

Expertise in sector

  • 1-2 years

Organization Filing Status

  • Yes, we are a registered social enterprise.
  • Yes, we are a registered company.


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Photo of Michel Tia

Born on 1 January 1977, v in the village of Gouétimba, located in the west of
mountainous area of ​​Mount Tonkpi, 16 kilometers from the city of Man.
After elementary school elementary school (CP1)
at the average course of the first year, CM1, I finished in the village
primary school called EPP Dozéré CM2 in 1991.
I have obtained a brilliant certificate of primary and
(CEPE) and entry into the modern sixth college
semi-private Gueu Pascal Biankouma this year. I started my course
secondary education in October 1991, which ended in July 1995,
the BEPC) and I entered the second high school Houphouet Boigny Korhogo
in northern Côte d'Ivoire. I was assigned in second C in
October 1995 that ended in July on the side
bachelor's degree in secondary education. After this success, I got a scholarship
for two years to go and study in the United States, Berkeley, in
the State of California, where I participated in English courses at the
Institute called Global English Corporation, Inc.
I graduated in General English in 2008 in there . That same year,
I had been enrolled at the National Institute of Health
environmental Association , where I successively obtained
environmental sustainability (environmental sustainability) degree ,
economics of the environment degree and other degrees in the same sector
of the environment. Graduated in 2009 In September, I participated in the
management and value engineering in English called Quantity
Surveyors Institute International in Warrington, UK, and I
got the Engineering Values ​​Diploma in January
2013.In addition , in early November, I participated in the inter-seminar
for further training at the UNESCO Chair of the University of Cocody,
Abidjan, now called Felix Houphouet Boigny University of
Cocody, Abidjan, Côte d'Ivoire. I went back to the United States,
Williamsburg, in the state of Virginia in the
training in peace operations, where I obtained the certificate in
implementation of UN Security Resolution 1325 (2000)
Africa Council in June 2013. In October-December 2013, I
participated in
Municipal Finance for local governments at
the World Bank Institute, which is located in Washington DC
United States.I recal that in October 2012, I was enrolled at Harvard Extension
School for the second cycle of higher savings program. I have
also participated in the economy (Microeconomics:
microeconomics in the real world) at the University of California,
Irvine under the supervision of Professor Peter Navarro. I got a
certificate of completion in April of that date of 2014. Since then,
Harvard University, so I began
United Nations Federal Credit Union (UNFCU) to December 17, 2014.
I worked as an International Diplomatic Advisor at New World Party
from December 1, 2015 to the present. As such, I attended the Euromoney conference held in my country from March 28 to 29, 2017 as a delegate of New World Party. I am also the ambassador representative of the World Academy of Human Sciences near Cote D'Ivoire.I am a senator in the International Parliament for the new World Government.I am a member of the Board of Directors of All Party System Co.
Now i am not paid , but i am wondering if i could have the possibility to get any possible financial that i could put my children to schools, for time is tough in the Ivory coast of africa.

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