10 Women
Launchnodes Ltd would like to apply for the World Bank grant to pilot a model that enables 10 women, in Kigali, Rwanda to receive the profits over 5 years from staking Ethereum (ETH), on a Beacon node on the ETH 2.0 Network and put it into their state pension (EjoHeza).
The 10 women will be graduates mothers working in informal sector who LaunchNodes in partnership with Save the Children International in Rwanda will train to use, earn, and hold cryptocurrencies or access decentralised financial instruments, and enrol them them into EjoHeza for social insurance saving.
The African Development Bank (AfDB) states that of Africa's nearly 420 million youth aged 15-35, one-third are unemployed and discouraged, another third are vulnerably employed, and only one in six is in wage employment. Youth face roughly double the unemployment rate of adults, with significant variation by country. In Rwanda, UNECA reports that three out of four people are employed in the informal sector, and percentage reaches to over 80% in case of women. These women don't have access to any social welfare. Based on this report the government is also concerned that people are not saving for there pension nor can they afford to save for their pension.
This is the problem Launchnodes in partnership with Save the Children Rwanda are trying to solve. By generating a model by which a self sustaining income stream can be generated by staking Ethereum and paid to young Rwandan mothers, who can then become an active participant in Ethereum 2.0 and the global market that it represents.
The income generated from the Launchnodes StC beacon and validator node would go to the mothers who would convert some of it to Rwf and pay it into their state pension plan which is a new government scheme called EjoHeza
The income generated from the beacon and Launchnodes StC validator node would go to the mothers who would convert some of it to Rwf and pay it into their new state pension scheme, Ejo-Heza.
Launchnodes would train StC staff in how to run Validator nodes through our core product, and build a financial and risk model that allows them to understand every year how much they can pay to these women, based on the fluctuating price of ETH and interest rate generated by staking.
This solution will give poor mothers working in the informal sector a valuable and sustainale source of income and educate them about crypto-currencies and staking on blockchains and de-centralized finance.
- Déployant des caractéristiques qui favorisent cotisations des travailleurs du secteur informel aux programmes d'assurance sociale, en intégrant des outils comportementaux qui incitent l'épargne financière, la transparence et la responsabilité
Launchnodes 10 Women project in partnership with Save the Children Rwanda would be an opensource project that would allow multiple sustainable, social insurance programs, including pensions and savings accounts, by informal sector workers in Africa in to emerge through donors, governments and private businesses staking Ethereum and generating variable returns from the worlds largest public global blockchain network.
StC and Launchnodes will prove that young mothers can be educated to use Ethereum wallets and convert ethereum into their local currency and make payments to their state pension.
The opensource financial and risk model can be used by others in Africa
- Pilote : Un individu ou une organisation qui déploie un produit, un service ou un modèle testé dans au moins un endroit.
