The Toronet Association

4 min readOct 4, 2021

The Tọ̀rọ̀Net Association is a Switzerland based technology for good solutions organization that utilizes leading edge technology to solve problems facing persons living in developing economies. Some of these include resource-efficient blockchains, mobile payments, Internet of things, as well as GISM technologies.

The Association was founded in September 2021, and is particularly focused on solving the problems related to digital and financial inclusion, as well as enabling access that safeguards human dignity whilst addressing the planetary emergency and preserving our natural ecosystem. The association contributes to the achievement of the sustainable development goals and ensures that everyone can benefit from the benefits of the Fourth Industrial Revolution, which is the convergence of digital, bio and physical technologies.

The Problem

Currently, traditional financial institutions do not reach many in developing economies. As a result, there are millions of those who are underbanked or unbanked. Many are unable to participate fully in the economic system and development and growth is hampered for those in these communities.

This is not always necessarily because traditional finance is reticent about reaching those communities but because the the tools and processes that form the core of traditional finance is simply not as convenient to deploy to these communities at the scale and cost that makes it possible. The new emerging financial tools, in particular mobile technology combined with the more recent iterations of blockchain technology that is faster and more energy efficient than earlier iterations and can scale to thousands of transactions, can more easily address these communities.

Regarding current blockchain projects, as mentioned some of the earlier ones suffer from high transaction fees that is unfeasible in these communities (Bitcoin and ETH transactions fees currently run over 10 USD par transaction, which exceeds the monthly income of many in these communities.) Some of the existing blockchains also either do not scale sufficiently, are not fast enough, or does not include assets that are familiar or easily deployed and used within these communities. As a result, much of the so-called DEFI currently making the rounds are among highly technical communities in developed countries and early adopters of blockchain technology. And the current blockchain trend of NFTs have absolutely nothing to do with these communities for much of it’s current use cases.

Problems Areas Addressed

The following inclusion problems were in mind when the purpose, means and direction underlying the TòròNet Association and the underlying technology infrastructure & network were being designed :

(1) Digital economy: by enabling participants in the network to have access to smart phones which is their gateway to information, economic and financial inclusion.

(2) Shelter economy: by providing access to affordable &sustainable housing which is their starting point into building generational wealth.

(3) Financial economy: by providing access to low-cost capital including remittances which is their tool into building a credit history that supports their financial inclusion & access to capital.

(4) Energy economy: by enabling access to cost-effective non-fossil fuel-based energy which is their tool for creating value from their time and contributing to a net zero carbon word.

(5) Nature economy: by providing token-based incentives for regenerative economics including, but not limited to, plastics recycling and carbon sequestration i.e. the creation of carbon sinks through nature preservation/tree planting /reforestation schemes, which is a mechanism for reducing the levels of pollution in the environment; and

(6) Agriculture economy: by enabling producers (farmers) + industry (processors) + their value chain/ supply chain + consumers access to functional markets that are close to home, which is the mechanism for solving the hunger problem, reducing poverty and creating jobs.

(7) Ubuntu (& Omenani) Economy: by staking 20% of any revenues the users of the TòròNet technology generates into sustainable development projects that support the achievement of the SDGs linked to the above 6 use cases, The association hopes to truly enable aspirations to be met, and enable inclusion, by creating grants for the necessary research and development and capacity-building necessary for the more innovative and impact-oriented use cases to attract investments, thrive and scale.

How The Identified Problems are Tackled

The Tọ̀rọ̀net association is an organization that draws on technology solutions in specific ways to address real problems in emerging economies. These technologies are harnessed to address some of the root causes that make the problems intractable in prior approach. One of those root causes addressed is the need to engender trust between participants in the financial ecosystem. The Tọ̀rọ̀net association addresses this by developing and utilizing the TòròNet blockchain built to be energy efficient and fast, and utilizing the immutability properties and smart contracts in blockchains to create verifiably and assured financial transactions between parties in the ecosystem. Promised portions of proceeds of all transactions are also verifiably allocated to developmental projects as part of the association’s contributions built into its technology code.

Tọ̀rọ̀Net is a custom built blockchain infrastructure and network that leverages the tokenization and smart contract functionality of the blockchain to create a system that enables members of the network to build and offer decentralized financial applications and services that changes the lives of real people

The essential idea is that network members (nodes) and application developers build, on the Tọ̀rọ̀Net chain, various services in the seven areas listed above so that those unable to achieve their life-aspirations, because they are excluded from financial services, can do so on the Tọ̀rọ̀Net network.

Would you join us ?




Toronet Network Publications and Educational Resources