Is blockchain the answer for poverty-stricken countries? - page 4.

xenosaga

newbie

Activity: 111

Merit: 0

Quote from: MrsBlockchain on August 01, 2018, 11:33:06 PM

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

Hmm... This is worth exploring, but I don't think this would solve majority of the problems of the third world countries. In the frst place, it's up to the government and its people if they are going to be a third world or not. It's a decision I think. But it's too big to tackle here.

covfefe_

full member

Activity: 948

Merit: 105

This would ease up the difficulty in transactions and donations but I don't really see how blockchain can benefit poverty stricken countries.
Blockchain is making the rich richer and hence making the poor poorer. Donations only can never solve poverty.

maxwellfreeman

newbie

Activity: 84

Merit: 0

Maybe it'll end up that way. I think it'll start by helping corporations automate their paperwork (basically). With the increased efficiency with large corporations and startups, ideally it will allow developing countries to develop relatively quicker.

alonshvartsman

member

Activity: 74

Merit: 44

The Kenya initiative that Bancor is planning is huge for a different approach to humanitarian efforts.
https://cointelegraph.com/news/bancor-launches-community-token-network-to-combat-poverty-in-kenya

MeaglesMind

newbie

Activity: 181

Merit: 0

I also see that a lot of community use Blockchain. It can remove poverty in third-world. But as with anything absent in the hand of humans, whether we select to use its impending for good remains to be seen.

WolfRisk

newbie

Activity: 75

Merit: 0

I think blockchain technology can change an economy graph in a county; that's why Poor country are accept bitcoin and want to change their economical chart. In kenya already strat this policy. Because blockchain technology are more secure and potential.

cryptocrabs2

newbie

Activity: 322

Merit: 0

With the help of blockchain, decentralization of currencies have been possible. The main fact that being seen, many blockchain projects are trying to solve the poverty issue with the help[ of the investors. Blockchain inclusion in African countries can help reduce the financial corruption and scopes to get cheated by including local currencies into the Blockchain. It will make transactions more fast and transparent and help reducing poverty.

lghdt943

newbie

Activity: 132

Merit: 0

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.

CryptoPairFTX

newbie

Activity: 90

Merit: 0

I believe that the Blockchain will emerge as a blessing for the country's prosperity. When you look at Kenya, you can see that they have chosen Blockchain to self-reliably. Because Blockchain is the best technology of the time. It is highly trusted and promising.

MrsBlockchain

newbie

Activity: 15

Merit: 2

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

Topic: Is blockchain the answer for poverty-stricken countries? - page 4. (Read 1185 times)