ImpactAlpha, May 10 – The idea behind a new partnership between the World Bank and financial giant Credit Suisse is to find ways to use blockchain, 3D printing, and the “internet of things” to solve development challenges. The Disruptive Technologies for Development Fund will support projects that use those technologies to speed up progress toward the World Bank’s goals of increasing shared prosperity and ending poverty by 2030.
- Coordination… Credit Suisse will help arrange donor contributions and coordinate with technology partners on project proposals. The fund is an early project of Credit Suisse’s Impact Advisory and Finance department, created last fall.
The fund’s first disbursement is expected in the fall. No information was available on the targeted size of the fund, the identity of donors or projects to be funded. The World Bank did not reply to a request for comment, Credit Suisse declined to provide details.