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Can digital securities fund an $18 trillion infrastructure gap?
For eons, cities have attracted hopeful migrants in search of economic opportunity and a better future. The age old reality on the ground, however, has usually been far less rosy. Even today, nearly one-third of the world’s city dwellers, or about 1 billion people, live in overcrowded, underserved, and dangerous slums without reliable access basic things like drinking water, sanitation, or durable shelter. For many city dwellers around the world, things could get much worse. With inadequate, mismanaged and inherently fragile infrastructure, many cities around the world are unable to sustainably meet existing demand. Now consider that between now and 2050, number of people living in urban slums expected to triple, reaching three billion. As we enter a period of unmitigated climate disruption, many of the world’s fastest growing megacities also face the greatest risk.
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