Domain: Microfinance

Problem identification: 

Promote financial inclusion in South-East Asia

Why Blockchain: 

Ability to pool resources to bootstrap microinvestment through tokenization.

Functional Description

A blockchain with a dedicated token called the Asia Reserve Currency Coin (ARCC). Individuals will be able to earn free ARCC by reporting corruption and to receive investments for their businesses in the form of ARCC, that can also be obtained as a reward through gamified activities.

Consensus mechanism used

  • Hybrid protocol

Current status

  • Algorand 2.0: blockchain platform recently launched.

Focus point commentary indicating the value of the case study in relation with learning modules

Learning Modules Focus Points

Consensus Presents a use case of hybrid consensus protocols


  • Network scalability and transaction throughput can only be attained at the cost of each other.

Alternative Approaches:

  • Ouroboros Praos

ReferencesY. Gilad, R. Hemo, S. Micali, G. Vlachos, and N. Zeldovich, “Algo- rand: Scaling byzantine agreements for cryptocurrencies,” in Proceed- ings of the 26th Symposium on Operating Systems Principles (SOSP ’17). Shanghai, China: ACM, Oct. 2017, pp. 51–68. 

  1. Chen, J., & Micali, S. (2019). Algorand: A secure and efficient distributed ledger. Theoretical Computer Science777, 155-183.
  2. Website: