The technology was not the problem.
For Peter Otobong and his team at Fraqtion Finance, the idea was simple enough: allow people to pool money to finance real-world trade, such as a Chinese company buying lithium from Nigeria. The software could be built. The architecture could be designed. The engineers could make the system work.
But then came the questions that code could not answer.
Who would license it? Who would regulate it? Where would the capital come from? Which financial institutions would support it? And how would the technology fit into the systems that already governed the movement of money and commodities across borders?
The project never launched.
