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David Katz, the Plastic Bank and battling poverty with blockchain

The Drum talks trash with Plastic Bank founder and chief executive David Katz, finding out how the entrepreneur and inspirational speaker has been blending blockchain technology with efforts to fight ocean plastic and poverty.

David Katz likes to talk in parables. It’s a useful habit, since the organization he leads aims for little less than miracle-making at scale. “Let’s say you were to walk over a field of diamonds,” he begins. “You’re struck by the wealth in them, all these beautiful diamonds glimmering in the sun. You want to pick them up, but realize there’s no bank you can deposit them in. There’s no store to spend them with and no one would barter for them. Would you pick them up? Probably not.”

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