Opportunity International and 2022 Nobel Peace Prize Nominee Keith Krach Announce Trusted Tech Microfinance Initiative
09.18.23
Opportunity International and Krach Institute for Tech Diplomacy Form Partnership to Bridge Digital Divide in Low-Income Countries.
Opportunity International and Keith Krach announce the creation of the Trusted Tech Microfinance Initiative in partnership with the Krach Family Foundation and the Krach Institute for Tech Diplomacy at Purdue (Krach Institute), which is devoted to closing the digital divide in low-income countries through the adoption of trusted technology. The partnership will transform the lives of microentrepreneurs by empowering them to participate in the digital economy, with innovative paths to earn income, gain confidence in trusted technology, and improve the quality of life for their families and communities.
The Era Of ‘Tech Diplomacy’ Is Here
Technology is the new frontier of international relations. The interaction is bi-directional: technology is defining diplomatic matters while diplomacy is also influencing the development and deployment of technology. Take semiconductors as an example. This is a technology that forms the foundation of digital economy, national security, and productivity in almost all industries. Global supply chain in the semiconductor industry is shaping U.S. foreign policy. Conversely, America’s diplomatic effort has been redefining the supply chain. Tech diplomacy is different from science diplomacy, which became a key pillar for the U.S. and other countries since World War II. Scientists participated in treaty negotiations, engaged in bilateral summits and served as attachés at embassies. Primary topics included nuclear proliferation, super-collider construction, human space exploration and environmental science.
Global Trust Network – Under Secretary Keith Krach
The Global Trust Network comprises like-minded countries, companies, and civil society that operates by a set of democratic values and trust principles for all areas of collaboration. It is an alliance of democracies built on the idea that strong partnerships advance shared prosperity.