How Human Readable Addresses (HRAs) Lower the Financial Inclusion Barrier


Blockchains have followed in the footsteps of the internet, helping to democratize the exchange of value the same way internet access democratized the flow and sharing of information. But even with the world-changing power we now see from the internet today, it took years of work to make that network accessible to the masses. Anatha is helping blockchain technology through the same progression, abstracting away technical aspects of using decentralized networks to bring tangible benefits to participants worldwide.

Blockchains offer unique advantages over previous networking technologies, keeping a record of value using a decentralized network of supporters, rather than relying on records at a bank or government office. In regions of the world where those records might be out of reach, blockchains open the door to a global economic system superior to what came before. But they can also bring new challenges. 

The Problem with Crypto Wallets
Accounts, also known as wallets, where blockchain users store tokenized value are often labeled using long, randomly generated, complex strings of characters. These addresses are difficult to send without using QR codes or email messages, and can only painstakingly be copied to or from physical mediums like being written in a paper note. A single error in entering a wallet address manually could result in a transfer being sent to the wrong recipient and lost forever. These impossible-to-remember strings of code are optimized for computers, not people — and hence become a stumbling block for more general adoption.

Human readable addresses - or HRAs - replace the long, complex strings of characters used by most blockchains to identify individuals and their receiving addresses.

The Solution: Human Readable Addresses (HRAs)

Human readable addresses - or HRAs - replace the long, complex strings of characters used by most blockchains to identify individuals and their receiving addresses. Human readable addresses make it easy to share wallet addresses and your crypto-identity in everyday conversation. HRAs use a simple @name designation, and therefore are easy to remember in everyday conversation.

HRAs are hence a crucial part of bringing cryptocurrency to the masses, in scattered villages and urban centers all over the world. Not everyone can make sense of the complexities of decentralized blockchain technology that powers cryptocurrency, but just about anyone can understand sending or receiving tokens that behave like money using their own name or the names of friends and family.

More importantly, HRAs allow for economic participation without the hurdles of KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols that demand people have particular pieces of paper — birth certificates, social security numbers, mailing addresses in order to use basic finance. This, of course, leaves billions of people out in the cold, unable to access the basics of finance such as saving money, interest, and loans. A blockchain based HRA system opens up finance to the entire world, a first step in creating what we at Anatha call “digital personhood.”

Anatha’s Fair and Inclusive Blockchain-Powered Ecosystem

At Anatha, the HRA does more than just provide access to financial tools — it provides access to the flow of capital. At the heart of Project Anatha is the Anatha Torus which rewards all HRA holders with a share of ANATHA tokens every 24 hours, generated by network fees. This serves then as a basic income for HRA holders, a regenerative UBI. At Anatha, we call this meaningful inclusion.

The capabilities of HRAs will only grow over time, guided by the principles of a more equal economic system. Encrypted peer to peer messaging will keep important financial communications secure and in one place, and increased crypto token support will give users even more access to the expanding world of digital assets.

HRAs: A Key Tool for Global Prosperity

Human readable addresses - like the ones we’re offering at Anatha - make it much easier for people across the world to get involved with cryptocurrency by creating meaningful and memorable names that are easy to share with the people around them. Just as email and domain names provide access to the internet’s flow of information, HRAs provide ready access to the flow of non-national digital money. 

HRAs help bridge the gap between the digital world of crypto-economics and the physical world where Anatha and other blockchain-powered projects ultimately hope to make an impact in people’s lives. By giving our HRA holders better access to the global economy and more control than ever over their financial lives, we can create a future of equity and prosperity for all.


Human Needs First