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Next-Generation Digital Public Infrastructure
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Quintus Lim
Associate Director, Asia, Milken Institute International
Quintus Lim is an associate director of policy and programs for the International pillar at the Milken Institute. He focuses on policy areas such as R&D financing, technological adoption across domains such as health, food, agriculture, finance, and the broader economy, and issues of ecosystem building.
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Key Takeaways
- Developers should not expect to internalize all revenue from public infrastructure. But at the other extreme, zero-revenue models can hinder the maintenance and sustainability of projects.
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Adoption is not guaranteed by making usage free of charge; awareness, trust, and value-add are also required.
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Be highly intentional about financial inclusion—it does not arise automatically out of Web3 or open source.
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Open-source software can help under-resourced countries leverage others’ work without becoming dependent on external vendors, thus mitigating geopolitical risk.
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To comply with domestic regulations and international sanctions, Web3-based public infrastructure cannot be fully permissionless.
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Common standards are needed to prevent regulatory arbitrage and enable cross-border solutions, such as in climate.
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Interoperability starts with governance, and governance boils down to self-interest: economic resilience for individuals, and helping businesses and micro-, small, and medium-sized enterprises grow.
The Institute hopes to leverage its networks, thought leadership, and experience in innovative finance to help smooth and support the catalytic role of finance and technology in shifting businesses, regulators, and societies toward a more sustainable and inclusive future.
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