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Blockchain technology could be particularly beneficial for women, says WTO director general

Ngozi Okonjo-Iweala, the director general of the World Trade Organization and former foreign and finance minister of Nigeria, said blockchain technology could help empower unbanked and underbanked women around the world.

Cointelegraph editor-in-chief Kristina Cornèr addressed the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response today, asking regulators and lawmakers how blockchain technology could help promote financial inclusion for women in the time of COVID-19 and beyond. Okonjo-Iweala, a co-chair on the panel, was the only one out of several members including representatives from the United States and Singapore to speak on women in blockchain.

“Of course blockchain is something that brings more transparency in the way that business is done and removes intermediaries,” said the WTO director-general. “I think that particularly in the finance area the ability to introduce this into transactions, I think could be…

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