On Fri, Dec 3, 2021, 7:52 PM Gunnar Larson <[email protected]> wrote:
On Fri, Dec 3, 2021, 7:52 PM Gunnar Larson <[email protected]> wrote: > xNY.io recently compiled a Water.org Global Risk Assessment (below) a few > years ago now. > > As true New York diplomats, xNY.io is absolutely required to be friendly > innovators with the dignity and trail blazing, historic pioneering spirit > of the e-CNY initiative. > > There is no association with xNY.io and e-CNY, however, we seem to share > the ideals of to save succeeding generations from the scourge of war, which > twice in our lifetime has brought untold sorrow to mankind, and to reaffirm > faith in fundamental human rights, in the dignity and worth of the human > person, in the equal rights of men and women and of nations large and > small, and to establish conditions under which justice and respect for the > obligations arising from treaties and other sources of international law > can be maintained, and to promote social progress and better standards of > life from regulatory arbitrage corruption. > > Water is life, for the human species. xNY.io, lucky in every way for our > global marketplace position knows of a water assault on China. Given > several factors, today as a disclosure technique we respect e-CNY outlining > 'who may be a Water.org sustainability funder' ... So this hopefully will > not affect xNY.io in the future. > > USDC and USDP are not our problem (people who know, know what this means). > > More research can be found here: > https://chinapower.csis.org/china-water-security/ > > Water.org’s Key Institutional and Strategic Risks > > Water.org’s current risks and barriers to scale include concerns over > misuse of loans, operational delays, fraud, error, and security, all of > which undermine Water.org's objectives and mission. > > ● FRAUD: These deceptions often include manipulation of documents or the > abuse of policies, procedures or office property. For example, in absence > of a well-designed process for selection of a raw material supplier for the > construction of toilets, operations staff can collude with dishonest > suppliers and procure cheap, low-quality material at high rates, which > could create infrastructure failures and lead to credit risk. > > ● ERROR: Errors are typically unintentional and result due to lack of > staff capacity and training, rapid growth, limited technical resources, or > an inadequate number of staff. Errors in judgement or incorrect > interpretation of policies, procedures, documents, or cash transactions can > create problems for an FI. For example, a branch manager might make an > error in the appraisal of a WASH loan client if s/he has not received > training on WASH lending. > > ● SECURITY: This refers to risk of cash or material theft. For example, > for FIs that are involved in provision of construction materials, the > storage of the materials and their delivery is a risk. > > ● INEFFICIENCY: Risk is created when there is low staff productivity or > ineffective management leading to loss of efficiency. > > ● CREDIT RISK: An assessment of credit risk at Water.org investigated > whether the credit policies and procedures are correctly followed and > administered by the FI staff. This includes reviewing whether credit > transactions are properly recorded and summarized in the account tracking > system and presented in the financial and portfolio reports. For example, > an FI in the Philippines had a loan product tenure of three months even > though loan sizes were quite high. Clients who were assessed to be > qualified for a loan of PHP 15,000 (US$340) ended up actually receiving > nearly > > PHP 35,000 (US$793) over the course of a year, through multiple loan > cycles. This flaw in the loan product design resulted in large-scale > delinquency problems with clients in the third and fourth loan cycles > > Our Suggestion: Water.org 2.0, Blockchain and Energy > > Our research shows Water.org currently lacks developed, effective, > accountable and transparent institutions reporting processes globally. > Their published internal studies highlight FI corruption and bribery in all > forms. Blockchain technology could help solve this, only implemented > globally and monitored correctly. > > Most importantly, we strongly recommend Water.org executives should > leverage blockchain and current partnerships, historically and radically > innovating Water.org’s global scope to include solar energy in North > Africa. > > ● Immediate Recommendation: Essential for Water.org’s global development > reporting work to be organized and oriented in the same direction in order > to focus on what really matters and ensure proper transparency and figures. > Water.org has been working on the nieve, poor business assumption that > goals can be achieved with enough political will, investment and action at > all levels. > > ○ Integrated water resources reporting via Blockchain, include management > smart contracts at all levels, including Water.org funds to FI, FI internal > use of Water.org funds, client use of funds through to contractor > > ● Review Loan/Product Benefit: Water.org’s global executive team has not > reflected the importance of complete sustainable development for their > clients. Internal Data shows most Water.org wells/loan proceeds are > ultimately lost, as the individual navigates life with unsolved energy and > lack of access to basic economic/financial tools. > > ● Innovate Water.org’s Scope: Once defining clear and unified global > standards, practices and reporting transparency on blockchain, eliminating > current fiance transparency concerns > > ○ Microcredit water loans alone do not solve poverty (noted above) > > ○ Current UN research shows best poverty success advancement includes > addressing three important dimensions simultaneously: > > i. Regular access to clean water/proper sanitation facilities > > ii. Access to affordable, reliable and sustainable energy > > iii. Equal access to mobilized banking tools, insurance and microscred > > lending > > > -- > *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* > MSc > <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB> > - Digital Currency > MBA > <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/> > - Entrepreneurship and Innovation (ip) > > [email protected] > +1-646-454-9107 > New York, New York 10001 >
