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?
Nope.
It has been debated a hundred times already.
The blockchain is not some socialist magic wand that will reduce poverty and will grow food out of sand and garbage.
The poor will remain poor and the rich will become richer, the blockchain is just a database, nobody has survived 30 weeks in the desert sucking on his usb stick with a mysql database on it.
I think the problem is that there are just too many mouths to feed. We live in a planet that has very limited resources and people who tend to horde them from others. I believe blockchains could alleviate the problem by giving people money to spend butbthisnis just a stopgap and not a long term solution. We should look into lessening our population.
Oh, give the poor money and reclaim the riches from the evilz hoarders.
This worked like magic in Venezuela!!!!
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.
Some people believe it can curb corruption, stop famine and disease because they have no clue what the blockchain is.
For most people here bitcoins,crypto,bounty,blockchain mean only one thing, money and for them money solves everything.
Unfortunately, the blockchain is not a money printing machine, and some will be hard hit by this reality.
blockchain only answer related to alternative trading problems, digital transactions, work related issues can work as bounty hunter, or buying and selling, is about starvation trying to keep planting or agrarian staple food crops that will be eaten, may be useful and successful for all of us
As I was saying....