Can Blockchain help eliminate the basic problems in the world?

ngamuk tok

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

no, it is the responsibility of a country not a blockchain.
blockchain won't completely solve problems like this. the government that should work to overcome this.

KuromaYoichi

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No it can't do something like that, blockchain technology can be used in a lot of field but to say that it can solve major problems like you stated is too much. Blockchain will be useless for the one that live in poverty and if they want to reduce poverty then they have to work hard for it.

SunJAB

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Quote from: Donationcoin on August 15, 2018, 12:31:26 PM

I would say that it can help us but we are at the first one to responsible to be living better so blockchain itself cannot help those people who are don't wanting to help themselves.

Its main purpose is to bring society the most useful. And it increases your funds, helping you to pay off the deals quickly. Especially not subject to any taxes at all. The purpose is to help that society really very basic.

carlisle1

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

Blockchain can't do anything about this,but we,the people that uses cryptocurrency with blockchain technology can contribute helping this concerns.because lots of profiteering offered from this community and only waiting for us to make movement to gain from this

Donationcoin

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I would say that it can help us but we are at the first one to responsible to be living better so blockchain itself cannot help those people who are don't wanting to help themselves.

Scavagers

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

I think it can be a way to reduce those problems that you have stated but there are also consequences. If blockchain technology is going to be used in those countries, it will have huge changes,it can help reducing corruptions because this system poses transparency. Many other solutions have failed and maybe this one will more likely to succeed.

Xising

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

I think that thinking could have a possibility, but right now, it is just too advanced. Although cryptocurrencies and blockchain technology can have lots of effects in many facets of a country, especially in its business sector, it can't be said to have that "cure all" type of feature that can answer as big as world problems. It can surely be a tool used to change things for the better, but it should first gain a status of stability that it could be utilized by more and more people. After such, then it can grow into such a market that can actually be used for more ways and can provide answers to the world problems that we experience now.

iHalera

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Blockchain can upgrade the economy, and good economy can make the world better.

Pablobiz

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Blockchain technology is rapidly changing people's financial life's and financial statuses from poor to rich, something we can already see with Bitcoin. Bitcoin enables everyone with an internet connection to open a wallet and start receiving and sending money, without the need for an ID or a credit history. For many developing countries, this might be nothing new.

When Blockchain and crypto coins are used, it offers a wide variety of new products and services for the poor, for a fraction of the costs, which could significantly improve their lives. Examples include microloans, or payday loans, for a fraction of the costs of traditional (payday) loans. The company Wayniloans developed a bitcoin lending platform, which is gaining traction in Latin America. They offer multiple loan services, including cash advance, peer to peer, and business loans, using the bitcoin blockchain for a much low rate than traditional lending companies.

Pablobiz

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

Technological advancements have reduced global poverty significantly in the past 100 years. Although many people have been able to leave poverty due to this, however, still more than 1.3 billion people live in extreme poverty. Extreme poverty is defined as having less than $1.25 to spend every day. There are a wide variety of causes for poverty, which differ per country, but in general causes for poverty include: lack of education, environmental problems, lack of access to banking facilities, lack of legal ownership of property, lack of rule of law, overpopulation, epidemic diseases or changing trends in a country’s economy.

antoniolukaseo2010

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Quote from: cellard on July 05, 2018, 09:02:09 PM

Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

It can reduce the cost of intermediaries in certain cases, but you would still need someone to enforce what is said in the blockchain. For instance, if you put information regarding a property of yours in the blockchain, just because it says so in the blockchain, it doesn't magically put a barrier in your physical property that stops people from entering. So you still need a government to enforce violence upon thieves to protect your private property, or at least some sort of private security. You can think many examples like these.

People that think blockchain will dis-intermediate everything and render governments completely useless are not being realistic in my book.

Now what blockchain can do, at least a censorship resistance one like Bitcoin, is to protect your wealth from evil governments, to move value across the globe without permission etc, which is already an huge thing and insanely undervalued.

I vote for answer of you. A answer very good

aliraza6663

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The Australian Securities Exchange’s recent decision to scrap their CHESS transaction system for Distributed Ledger Technology (DLT) is just one of many examples of centralised networks being replaced in favour of a decentralised blockchain approach. However, blockchain networks, and by extension cryptocurrencies, find application in industries extending far beyond the scope of financial services.

Healthcare is an example of where blockchain is helping to create efficiencies by storing encrypted patient information that is shared across healthcare providers, removing the need for form filling.

bromosus

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Blockchain can help resolve some of global problems, like corruption.

PIMPdev

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Quote from: HungryJack on July 05, 2018, 07:40:37 PM

Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?

As many guys are already said here, I can agree that only people can handle that and if we will have the best tools but no people who would use them so it is pointless and worthless to have them.

luton1point5

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Quote from: Theb on July 05, 2018, 09:51:28 PM

If we are talking about the government using blockchain as means of cost-cutting and being more efficient I think it would benefit the poor overall and the before expense being used before can now be shifted to other projects of the government which will benefit the poor and the needy. But I don't think it will be enough to solve the poverty situation overall as I don't think that the expense being save will be big. Solving poverty will always depend on how big and how will the government manage their budget on focusing amd solving it.

Well, that would be for a government that is willing to work to bring a huge solution to its people and solve some economic issue going on in the world. As it is, it is obvious that so many of the leaders in the corrupt nation will still find a way to do whatever it is they have been doing. Like you mentioned in your last statement, it still will all ball down to how things are managed and sure, blockchain technology may bring about transparency and accountability, but it would not just solve the world problem fully.

noah tall

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Bitcoin is a not a business that does charity. This is a technological improvement run by all the world together. Globally we improve it by using it. The issue at hand is not something that can be solved with this type of technology. If we want to feed people or bring them water and food than we need to stop going high tech just for us and start focusing on stuff for people in other countries. You think places in Africa and Latin America and Asia have troubles just because of themselves ?
It is a problem for all of us when there is waste food everywhere in the world and we still fail providing food for each other. The problem is we do not see each other as humans but just other nations citizens.

Deubila

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Quote from: Sled on July 14, 2018, 04:44:52 AM

I believed that the blockchain technology that we have in these cryptocurrencies are the key to solve the current basic or common problems that we have in this world because they are really making this cryptocurrencies because they know that there is something to fix and if just the countries will adapt the cryptocurrencies then it will slowly help the country to have a better state.

The electronic money market will help the human world take a new and more modern step in life. Electronic money aims to attract investors and their users to boost the economy faster. Its purpose is to bring great value to mankind especially to increase profitability and quick and easy transaction regardless of anything.

SpringfieldM1A

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Quote from: hatshepsut93 on July 05, 2018, 09:05:13 PM

Blockchain is not some magic wand that can fix everything, it's just a type of database. Problems like poverty and famine are not cased by databases obviously, they are social problems that need social solutions. Some people believe that blockchain can curb corruption, but it hasn't been tested yet, and it also seems unlikely, because there are many examples of technological attempts to solve corruption fail, because corrupt individuals often find ways to circumvent them.

Yes. Like you said, the problem of the world is caused by the world itself and the humans living with it. Some things may change in the way we have been doing things, would help to bring some development to how people live their lives but does not mean some governments will not stop their corrupt activities, or everyone will just jump from being poor to being extremely wealthy overnight.
In most of the third developed world and underdeveloped countries, corruption led them to where they are today, so what makes it different even when the blockchain technology kicks in?

satana_igor666

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Blocking will help to simplify the creation of a single database of people. I do not understand why until now this technology is not used.

winterland

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Quote from: Twentyonepaylots on July 11, 2018, 07:01:31 PM

Quote from: mostkey on July 06, 2018, 02:35:23 PM

What problem do you mean because here in the world a lot of problems and I think Blockchain will solve the problem in some areas but will not fix the problem as a whole, Blockchain is not a technology that can quickly fix all the problems there must be a stage that must be developed in time not a bit, is not a way out if problems can be solved only with money but must also be filled with more important terms than that, the problem will always exist in every economy that exists today, the great man is very indifferent in the condition of the disadvantaged population, the game always there.

Blockchain system can help people directly...It is a system or program to reduce the intermediaries and secure the data on file. Blockchain can not produce money for this people, it can, some how protect the identity of the people on record. Recording one individual is done manually globally, then maybe if you have a better idea, you can always talk to the government people or any company for you better suggestion.

Bitcoin is going to eliminate the fees the banks gets for every single transaction, there is no better business than banking you do nothing and yet you receive a cut every time money moves, while in bitcoin you are also going to pay a fee the fee is based on the size of the transaction and not in the amount of money being transacted like what happens with banks.

Topic: Can Blockchain help eliminate the basic problems in the world? (Read 571 times)