David Wood, Founder, and CEO, Wadappt

David Wood, Founder, and CEO, Wadappt

  • David Wood has a background in investment banking and has worked at the intersection of IT and finances/derivatives for organizations such as Goldman Sachs, Royal Bank of Scotland, HSBC, and the like both in South Africa and London.

Podcast

Overview

In a world teeming with diverse ecosystems and pressing environmental challenges, one entrepreneur is on a mission to harness the power of technology and finance for positive change. Meet David Wood, the visionary founder, and CEO of Wadappt, a groundbreaking startup at the forefront of biodiversity impact funding. With a background spanning investment banking, blockchain, and decades of experience in the government and private sectors, David’s journey is a testament to the transformative potential of inflection points in our lives.

00:16- About David Wood

  • David Wood has a background in investment banking and has worked at the intersection of IT and finances/derivatives for organizations such as Goldman Sachs, Royal Bank of Scotland, HSBC, and the like both in South Africa and London.
  • He is also a steering committee member for The Blockchain for the UN charter values and the SDGs action plan 100+ (BC100+) https://inatba.org/news/the-blockchain-for-the-un-charter-values-and-the-sdgs-action-plan-100-bc100-initiative-press-release/

02:08- Inflection points in your career

  • I’ve had an interesting journey shaped by a major inflection point at a young age when I lost my sister. Death, being so final and complete, raised deeper questions about the purpose of my existence and what I’m doing here. 
  • Another inflection point for me was the introduction of spreadsheets. They revolutionized my work in the investment banking world, allowing me to quickly model and manipulate financial numbers. 
  • More recently, the advent of blockchain technology has been a game-changer. It brought about a shift from centralized to decentralized systems, enabling the secure holding of digital assets.
  • Additionally, the rise of AI has had a significant impact, and its influence is being felt across various domains. 

34:19- Importance of understanding climate finance

  • Climate finance revolves around addressing climate change and its primary focus is on the energy sector, particularly greenhouse gases. 
  • One metric used in this field is the carbon credit, which represents one tonne of greenhouse gases. 
  • Carbon credits are considered a financial instrument and can be traded as an asset class, with their prices fluctuating based on supply and demand.
  • Understanding the concept of carbon credits and their role in climate finance is crucial in bridging the gap between my agricultural background and my career in investment banking.

RESOURCES:

You can connect with David Wood | LinkedIn

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Profile

  • David Wood has a background in investment banking and has worked at the intersection of IT and finances/derivatives for organizations such as Goldman Sachs, Royal Bank of Scotland, HSBC, and the like both in South Africa and London.
  • He is also a steering committee member for The Blockchain for the UN charter values and the SDGs action plan 100+ (BC100+) https://inatba.org/news/the-blockchain-for-the-un-charter-values-and-the-sdgs-action-plan-100-bc100-initiative-press-release/

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