Topic: Is blockchain the answer for poverty-stricken countries? (Read 1185 times)
I think it will boost the economy by having a more stable stronger currency which is not eroding away and diminishing purchasing power, for example the Bangla-Pesa: https://www.brookings.edu/blog/up-front/2013/07/17/bangla-pesa-slum-currency-and-implications-for-the-poor-in-developing-countries/
Have you seen this article regarding community currencies? https://new.reddit.com/r/ethtrader/comments/9g6oy1/localized_cryptocurrencies_are_now_being_piloted/
I have been seeing lots of community initiatives recently using blockchain; Bancor is doing a lot of work in Kenya and I know Akon is planning his own coin to help to communities out of poverty. Personally I think this is one of the best real-world use cases for blockchain, and one that we should see more of.
https://twitter.com/DavGit/status/1024656690308894720
The problem of poverty is that is a lot more complex than just changing the currency, the problem of poverty has many angles, for example one of the reasons why all those countries suffer great poverty is that much of the aid is stolen, also without education those people cannot get out of their state of poverty and in most of those countries the education system is terrible. https://twitter.com/DavGit/status/1024656690308894720
I have been seeing lots of community initiatives recently using blockchain; Bancor is doing a lot of work in Kenya and I know Akon is planning his own coin to help to communities out of poverty. Personally I think this is one of the best real-world use cases for blockchain, and one that we should see more of.
https://twitter.com/DavGit/status/1024656690308894720
https://twitter.com/DavGit/status/1024656690308894720
Technology blockchain will help to destroy corruption and allow residents in poor countries to ensure their lives. But this is being implemented too slowly.
I believe this is the technology of the future, including for poor countries.
I have been seeing lots of community initiatives recently using blockchain; Bancor is doing a lot of work in Kenya and I know Akon is planning his own coin to help to communities out of poverty. Personally I think this is one of the best real-world use cases for blockchain, and one that we should see more of.
https://twitter.com/DavGit/status/1024656690308894720
No bitcoin is not the solution to the problems of poverty around the world, if you take the time to look at some of those countries you will see that many of them receive a lot of international help but instead of that help going to where it's needed the politicians steal all of that money and are some of the richest persons around the world.https://twitter.com/DavGit/status/1024656690308894720
So we cannot just rely on new technology to try to resolve that problem, you also need the will of the people, you'll need the leaders of those countries to actually want to solve those problems, but they do not want to do that because they benefit greatly of the suffering of the people because they get more and more money thanks to it.
I think YES because example if rich man build a lot of farm we can have jobs in that for people so all can earn by that then it's like also here in crypto if popular user like akon create new coin there's a lot of things will open like job for different people to earn i think crypto is the best way to help other because here we need only net or to be online
Definitely blockchain technology is the great help for the third world countries specially when their economy is being manipulated by only few individuals because blockchain cannot be controlled by any individuals that why blockchain technology can give each and every one a chance to create your own business and help others too.
Cryptocurrency is a big way of opportunity to any country to rise up again with their inflation of FIAT.
world is in debt with FIAT and trillions USD now is the big problem.
Cryptocurrency might help each and every country to gain again.
They just dont want to explore this thing and accept the fact that this is the future of everyone.
world is in debt with FIAT and trillions USD now is the big problem.
Cryptocurrency might help each and every country to gain again.
They just dont want to explore this thing and accept the fact that this is the future of everyone.
I think if the government of a country maximizes the blockchain to build the economy by raising funds or making the ICO an excellent step to building the nation's economic development, I think blockchain is the right solution, we see whether governments in every country will seriously build economy through blockchain technology.
Blockchain can bring prosperity to the country, precisely because those small countries need cryptocurrencies and can see the value of cryptocurrencies, which I think is not visible to many big countries. In those small countries, it can develop better.
Nah, crypto is just another way of taking the money from de unwise to the better and more knowlegeable investors. Poor countries can benefit from it like any other.
I don't think that it is the answer for poverty stricken countries, the answer for poverty stricken counties is less corruption and better leaders, blockchain is just a way to make sure that the distribution of wealth amongst people is more even and everyone can get access to it. There is alot that needs to be done for those countries and blockchain is just one thing.
I think it's going to happen. The air needs to achieve its goals, namely in 2018. I believe in it, as I believed in Bitcoin. Thank you for your question. 
We are never immune from any scams as they are everywhere. I don't understand people who make profits by dishonest images. 
We are never immune from any scams as they are everywhere. I don't understand people who make profits by dishonest images.
Of course, it is cheaper and more effective for developing countries to use the blockchain crypto industry platform for their financial systems. First, you do not need to bear the costs of printing paper money, the second - the banking system can be reduced.
I think blockchain is able to help poor countries get out of poverty and exaggerate the country's budget!
I agree with you. Normally people only view blockchain as a site of making money. Whereas, Blockchain is not only a site for that but also it has many other brighter sides which can be used for the world's welfare. Having to hear such examples of blockchain literally makes my day, that yes, that's what blockchain power can do, this needs to be brought to light.
I have been seeing lots of community initiatives recently using blockchain; Bancor is doing a lot of work in Kenya and I know Akon is planning his own coin to help to communities out of poverty. Personally I think this is one of the best real-world use cases for blockchain, and one that we should see more of.
https://twitter.com/DavGit/status/1024656690308894720
I don’t know much about it. But I think it can help poor countries indirectly. Blockchain technology has many applications that can be helpful in real world in many sectors. This would improve their working efficiency which would obviously reduce the cost the production. This will also ensure transparency, accuracy, and speed of working which I think can help in the development of poor countries. But yes this doesn't means an end to poverty because there will still be people reckless to work or inefficient to work adequately and will not be able to make two square meals a day. https://twitter.com/DavGit/status/1024656690308894720
I think that he will not help them in any way, these slogans can be used only as a HYIP statement
As far as I am concerned, the Blockchain is still a ling way from ptoviding solutions that really matter like solutions to poverty, famine and the likes but its a good start.
The blockchain is a great revolution. Its development has not been fast until now because there is no general regulation, and there are "strong powers" that try to fight it, but I am sure that in the future it will improve the lives of many people in the world. I hope that it will serve above all the poorest countries, in order to give them the hope of a better future
I strongly agree with this. With the help of blockchain poverty can be eradicated from the third world countries. And hopefully we will see this in near future.
Jump to: