The Creative Economy Matters

Silvia Rivera is the definition of a world changer. Since joining the Hunt Institute for Engineering and Humanity as a student analyst, Rivera has conducted research on artisan entrepreneurship and inclusive economic development. Rivera recently returned from Washington, D.C. after participating in “The Creative Economy Matters,” a conference hosted by the Artisan Alliance.

For this conference, the Artisan Alliance brought individuals from around the world together to talk about the various challenges and opportunities of investing in and creating artisan businesses. For Rivera, this was the first time that her personal ties to artisan products and academic research converged.

Throughout her childhood, Rivera visited artisan markets with her mother frequently. Even now, every time Rivera goes abroad, she makes an effort to visit small markets. These experiences have led to Rivera’s personal museum of handmade goods and tangible memories.

In college, Rivera started research at the Hunt Institute on artisanal businesses. Artisinal activity is the second largest source of income for the global poor, calls upon existing skills, makes use of available raw materials, and can help preserve cultural traditions. Rivera’s research asks, “What makes artisanal businesses successful? What makes their work impactful?” Rivera often analyzes these questions under the inclusive economy framework, a model created by Dr. Eva Csaky, director of the Hunt Institute.

“I’ll never forget it,” Rivera said when discussing the conference. “Washington, D.C. is such an energizing city.” Rivera went on to talk about her favorite speaker at the conference, DolmaKyap.

DolmaKyap, an artisan entrepreneur, shared his story of creating Chamtsee, a small handicraft workshop in Tibet. After leaving his home in search of the meaning of life, DolmaKyap noticed that people were interested in Tibet and the Tibetan way of life. He had always known that there were exceptional goods and products, like textiles and cheeses, representative of nomadic Tibetan culture. After leaving Tibet, he learned that there was demand for those goods in other parts of the world. This was the critical moment: there was an amazing good and a need in the world, what could DolmaKyap do about it? The result was Chamtsee. DolmaKyap proves that successful artisan products can generate income and represent a person’s culture.

Ideally, the impact of investing in artisanal businesses benefits everyone. By purchasing a handmade good, consumers are able to empower someone in a tangible and direct way. Artisans receive support and, in most cases, a fair wage. Consumers receive a unique product, a conversation piece, and something that is completely their own.

Do you want to start supporting artisan businesses today? The Artisan Alliance’s list of member organizations is a great place to start. Some of the members, like GAIA for Women and The Citizenry, are based in the Dallas-Fort Worth area.

Rivera acknowledges the challenges of ethical buying in general and offered this piece of advice: “A good rule of thumb I use is to just be as curious and inquisitive as possible about what you’re buying and where it came from, and to have fun with that process.”

A cursory glance at Rivera’s resume is enough to turn heads. She is a triple major in business, international studies and Spanish. She is a President’s Scholar, BBA Scholar and McLane Scholar. She has researched artisan entrepreneurship as a student analyst at the Hunt Institute for Engineering and Humanity. It’s no surprise that Bain & Company has offered her a job following her graduation in May.

According to their website, the Artisan Alliance is a network that “works to unlock the economic value in the artisan sector.” They do this through programs with innovative financing, member networking, business coaching and other events. The Artisan Alliance brings business owners, policymakers and consumers together to enact change that no business could achieve alone.

Story Contributors

Written by: Anna Grace Carey

Edited by: Maggie Inhofe

Blockchain: the Great Democratizer and Equalizer

Xiaochen Zhang, founder of FinTech4Good Hunt Institute Seminar Series SMU LYLE
Xiaochen Zhang speaking at the 2018 Spring Seminar on Blockchain at the Hunt Institute SMU/Lyle

“I feel lucky to live in this era where blockchain is emerging,” Xiaochen Zhang, founder of FinTech4Good and keynote speaker for the February 2018 Hunt Institute Seminar Series, said in an interview following his keynote address.

He went on to compare the emergence of blockchain to the emergence of the Internet. There is a new world of possible applications for this technology. His excitement was contagious. The intersection of computer science and inclusive economics is here.

At just ten years old, blockchain is a relatively new way to think about digital records. With new technology comes the ability to empowering others. This semester, the Hunt Institute invited Zhang and Anna Carroll, a graduate student in the Darwin Deason Institute for Cyber Security in SMU’s Lyle School of Engineering, to discuss blockchain and its social implications at the Seminar Series. Chris Kelley, a Senior Fellow in the Hunt Institute, moderated the Q&A session.

Following a welcome speech by Dr. Eva Csaky, director of the Hunt Institute, Carroll explained the use and development of blockchain. Simply put, blockchain is a system of accountability. This system is currently used for projects like cryptocurrency, but has the potential to support social and environmental initiatives.

In his keynote address, Zhang invited members of the audience to picture a world with honest and accurate information at their fingertips. He illustrated this idea with the example of grocery shopping.

“You go to the store and you pick something that says ‘organic,’” Zhang said. “But what makes it organic?”

Xiaochen Zhang, founder of FinTech4Good Hunt Institute Seminar Series SMU LYLE
Audience consisted of industry professionals, faculty, staff, and students all joining the conversation about Blockchain.

Zhang went on to explain that, with blockchain, a producer could attach a QR code to a food label. By scanning the QR code, anyone could have access to the blockchain tracking the supply chain. You could know where the fruit was grown, who tended to it, and how it was shipped to the grocery store. With a blockchain tracking this information, there would be a guarantee of authenticity.

“I’m looking for the next unicorn that can come from this,” Zhang said in an interview after the seminar. Zhang said the best part of his job is the process of “incubating and identifying” the new ideas that have resulted from the development of blockchain. The “unicorn” Zhang is looking for is an idea that can create tangible social impact. His business is blockchain for good, after all.

It is easy to appreciate Zhang’s enthusiasm for blockchain and the possibilities that accompany it.  Socially, blockchain can function as a digital ID for people who would have never been able to participate in the international market before. As a financial tool, blockchain has the power to drastically reduce cross-boarder payments. Between currency conversion and bank fees, most people don’t have the option of doing international business. Blockchain has enabled currencies that exist independently of government, enabling peer-to-peer rather than government-to-government business relationships.

Existing applications of blockchain range from tackling climate change, to enabling food traceability, to empowering small entrepreneurs and farmers, to enforcing green finance regulations. Zhang also alluded to blockchain’s potential to enable automatic payment, reduce costs, increase security, and improve analysis. These blockchain-based, high-impact applications can foster inclusive and sustainable economic development.

“It was very impactful to see the relevance of blockchain,” Alejandro Dominguez Garcia, a student analyst at the Hunt Institute, said.  “It can directly increase the safety of transactions and it can help several aspects of a business.”

For more information about Zhang’s work, please click here.

For more information about the inclusive economy, please click here.

 

Xiaochen Zhang, founder of FinTech4Good Hunt Institute Seminar Series SMU LYLE
Xiaochen Zhang, founder of FinTech4Good

Xiaochen Zhang is the President of FinTech4Good and the Blockchain Frontier Group. He leads the design and implementation of FinTech4Goods’s strategy, which aims to introduce high-impact fintech and blockchain solutions to frontier markets through incubation, acceleration, and investment.

Dr. Zhang serves on the Board of Directors of the Crowdfunding Professional Association, the UN ESCAP Digital Economy Task Force, and he is co-chair of Insurance Blockchain Lab, Smart City Blockchain Lab, and Blockchain4SDGs Lab. He is a Senior Advisor to the Inter-American Development Bank and the China Social Entrepreneurs Foundation, and serves on the advisory boards of several innovative start-ups. He brings more than 16 years of thought leadership and global experience with developing and scaling innovative social and environmental solutions in North America, Africa, Latin America, Europe, and Asia.

Prior to joining FinTech4Good, Xiaochen advised government agencies and multinational organizations on innovation, emerging technologies, and investment in positions at the World Bank, the United Nations, and other international partnership platforms. He has also taught innovation and venture building at leading business schools and served as mentors for many innovative businesses. Zhang has studied at Virginia Tech, and has earned Master’s Degrees from Leipzig University, University of Wroclaw, and the Communication University of China.

 

Anna Carroll is a graduate student in security engineering at SMU’s Lyle School of Engineering and is a researcher on Dr. Fred Chang’s team at the Darwin Deason Institute for Cyber Security where her research focuses on blockchain. Carroll recently received her bachelor’s degree from SMU’s Lyle School of Engineering in computer science.

Anna Carroll graduate student speaks before Xiaochen Zhang, founder of FinTech4Good Hunt Institute Seminar Series SMU LYLE
Anna layed a foundation for what Blockchain is in preparation for Xiaochen Zhang’s talk.

Carroll was inspired to study cyber security because she believes that it is time for security companies to stop playing the catch up game. More often than not, a security breach is announced and engineers are left scrambling to create a patch and mitigate the damage. Carroll believes in developing software with existing cyber security and keeping up with the pace of technological advances. Anticipating the need for cyber security means that breaches can be prevented instead of patched.

After graduation, Carroll plans to continue cyber security research.

 

 

 

Story Contributors

Written by: Anna Grace Carey

Edited by: Maggie Inhofe

Photographer: Alissa Llort

 

 

Applications of Blockchain for Social & Environmental Impact

The Hunt Institute will transform into a conversational hub for computer science, blockchain and social impact during the Hunt Institute Seminar Series on Thursday, February 22 nd.

Xiaochen Zhang, president and founder of FinTech4Good, will discuss the social impact of blockchain. Anna Carroll, a graduate student in the Darwin Deason Institute for Cyber Security in SMU’s Lyle School of Engineering, will join Zhang to discuss the implications of this technology. Chris Kelley, a Senior Fellow in the Hunt Institute, will moderate the discussion.

Before the seminar, Carroll visited the Hunt Institute to explain the use and development of blockchain. She said that blockchain is a system that can be applied to any transaction that should be tracked.

Simply put, blockchain is a system of accountability. If you had to pay a coworker one dollar, it would be smart to pay them in front of an authority figure, for example your boss. That way, the coworker could not later claim that the exchange never occurred. Now, imagine paying that coworker in the middle of a company meeting. Every other employee would be a witness to that transaction. It would be virtually impossible for the coworker to claim that he or she never got that dollar.

Blockchain works in a similar way. By including more people as witnesses to the transaction, blockchain eliminates the risk of a single point of failure.

Blockchain increases in efficacy as the number of users increases. It is better to have 1,000 people using a blockchain than to have ten people using a blockchain. In this system, there is security in numbers. If there are more people invested in the blockchain, there are more people acting as watchdogs for the security of the blockchain. If there was a need for a secure, public transfer, blockchain could be effective.

With both its virtues and challenges, blockchain is an exciting addition to the digital world. Zhang and Carroll will discuss blockchain and its implications at the Seminar Series tomorrow during the 2018 Spring Seminar. Please click here for more information about this event.

 

Story Contributors

Written by: Anna Grace Carey

Edited by: Maggie Inhofe

The Story of Evie, the Mobile Greenhouse

On March 3, 2017 a rickety Shasta trailer with rotting walls rolled onto SMU’s campus. The doors were duct taped shut to hold it together. The once white siding had turned yellow after years of weathering. The two-toned orange striping on the side gave away the trailer’s mid-1980s birthday.

In tiny white lettering painted over an orange stripe, the Shasta greeted the Hunt Institute team with the message, “Friendship 16.”

The team called in a professional, The Trailer Guy, to redo the trailer. Alejandro Dominguez Garcia, a student analyst at the Hunt Institute, said that he was glad the little Shasta was in such bad shape. “It allowed us to start from scratch and completely make it our own.”

After the trailer was fixed up, it was time for the real work to begin.

Research: Phase I, or Why did the Hunt Institute buy an old trailer in the first place?

The Hunt Institute was founded to combat the effects of poverty through the intersection of innovative research and practical application. Around the world, people are confronted with a lack of clean and plentiful water, an absence of nutrient rich soil, problems associated with extreme climates, and inadequate space. For many, this translates to food insecurity. Finding a solution that combats these constraints on agriculture in urban areas became a top priority for the Hunt Institute.

This problem is not exclusive to places on the other side of the world. In fact, food insecurity is all around us. Half of South Dallas is considered a food desert, according to a 2011 study by the US Department of Agriculture. A food desert is an area that lacks access to fresh fruits and vegetables. Most of the South Dallas area relies on convenience stores and fast food restaurants for meals because large, well-stocked grocery stores are not readily accessible by public transportation.

“Food insecurity is a crippling experience that families face every day,” said Dr. Eva Csaky, Director of the Hunt Institute. “Even in American cities, some communities have limited or no access to healthy food options, which can lead to health and social consequences down the line.”

The need for mobile, low-cost, automated agriculture was apparent. The solution: a mobile greenhouse named Evie.

Why mobile? Most people around the world do not own their own homes. When people move, for whatever reason, they should not have to leave their food source behind. Why low cost? Imagine that people around the world, regardless of their economic limitations, had the option to invest in a mobile greenhouse. People could supplement their diets with fresh fruits and vegetables, or supplement their income by selling produce. Why automated? Agriculture is an investment that requires time and specific training. Not everyone has the technical ability to monitor and adjust growing conditions. An automated system sets everyone up for success, regardless of background knowledge.

So, why did the Hunt Institute buy an old trailer in the first place? Sustainability. The old Shasta trailer could be retrofitted to serve as the prototype of the mobile greenhouse. When something old has the potential to be repurposed, there is no need to build something new. The Hunt Institute was able to save precious resources through this major recycling effort. On a global scale, people are more likely to have access to an old trailer than a new building. With a lot of elbow grease, any trailer can become an optimized growing space.

The idea of a “Greenhouse for Good,” a mobile, low-cost, automated agricultural space, guided the Hunt Institute team as they began the initial research.

What’s in a Name?

As different ideas for turning an old trailer into a mobile greenhouse floated around the Hunt Institute, one major problem remained. What should the project title be? Initially, people tried to name the project something related to SMU, but names like Peruna and Pony Up didn’t make the cut. Finally, someone suggested Evie. And it stuck. Alissa Llort, part of the Hunt Institute’s External Affairs team, shared that Evie was derived from the name Eve. The name Eve is associated with life and beginnings and, as Llort added, “greenhouses go along with that message.”

The motto for the Evie campaign was also important for conveying the meaning behind the mobile greenhouse. The team settled on, “Plant where you are, grow where you go.”

Unveiling

On April 20, 2017, the Hunt Institute was ready to unveil Evie at Earth Day Texas. Kids, parents and Big Tex took turns admiring the red and white trailer. Even though Evie wasn’t named after SMU, there was a large mustang painted on the back. The red bottom half of the trailer and white roof were interrupted by a blue stripe in the middle. This trailer was unmistakably the product of Southern Methodist University’s modern, interdisciplinary, world-changing students.

Throughout the day, kids were able to plant seeds and learn about agriculture. Evie: Phase I was about creating the mobile greenhouse. Once the greenhouse was created, Evie could take some time to focus on education.

While reflecting on unveiling Evie, team lead Adrienn Santa said, “It is important to educate people, encourage them to grow their own vegetables and fruits, and to eat healthy food every day.”

Research: Phase II

In elementary school, most kids learn that living things need food, water and shelter to survive. For plants, that translates to soil, water and sunlight. A mobile greenhouse presents some serious problems when it comes to meeting those needs. Shasta trailers were not designed to facilitate irrigation, allow for direct sunlight, and certainly don’t come fully stocked with nutrient-rich soil. Student Fellows at the Hunt Institute had to research innovative solutions to compensate for the resources taken away by the ease of mobility.

Evie: Phase II is focused on the optimization of growing. How can Evie consistently and reliably use water? How will Evie manage heat waves and cold snaps? SMU students and Hunt Institute Fellows have been busy trying to answer those questions.

3Dponics is an open-source initiative that combines aeroponics and 3D printing. Aeroponics uses precise irrigation in a way that allows plants to grow without soil. This makes it possible for plants to grow in areas without good soil due to environmental conditions, urbanization or natural disasters. 3D printing using the Fused Depositions Modeling 3D Printers helps reduce the cost of complex aeroponic systems, making gardening more accessible to disadvantaged communities. Alejandro Dominguez Garcia and Alec Maulding are working on research and development for this portion of Evie: Phase II.

Heating and cooling was a major concern when developing Evie: Phase I and researching Evie: Phase II. Adrienn Santa analyzed solar power, heat absorption, and the refrigeration cycle of the mobile greenhouse. The goal of this research was to find a sustainable solution for cooling small greenhouses.

 

 

 

 

 

Evie Today

Mark your calendars for April 20, 2018. Evie will be back on exhibit at EarthX 2018 and you can have the first look at the new improvements to the solutions lab. Evie still has teaching to do and lives to touch. Phase II of research and development is underway, but isn’t done yet. With Evie Phases II and III, we hope to get even closer to the bigger dream of combating the effects of poverty through innovation and compassion. We invite you to become a part of Evie’s story. Please click here to get involved.

 

 

Story Contributors

Written by: Anna Grace Carey

Edited by: Maggie Inhofe

Photos by: Alissa Llort, Laura O. Graham and Corrie Harris

Graphic designs by: Alissa Llort

To read more about the Hunt Institute’s work to develop future-focused solutions to some of the world’s biggest problems, please click here. For the latest news on the Hunt Institute, follow our social media accounts on LinkedInFacebookand Instagram. We invite you to listen to our Podcast called Sages & Seekers. If you are considering engaging with the institute, you can donate, or sign-up for our newsletter by emailing huntinstitute@smu.edu.