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Author Topic: Can Blockchain help eliminate the basic problems in the world?  (Read 300 times)
coingrowth
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July 06, 2018, 06:43:46 PM
 #21

Blockchain will definitely help in many areas of life like governments data and more transparency and in banking industry we can see internet next version is blockchain and soon or later we will see more mass adoption for blockchain
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July 06, 2018, 10:55:59 PM
 #22

But for straight up poverty? That's just ridiculous.

People are ridiculous. They don't understand anything of the tech that's being praised by nearly everyone. I have never seen much value in the blockchain when it comes to non crypto purposes. At best it will offer efficiency, which is great if it helps businesses and organizations cut costs, but what is there for us to gain from it? Technically they don't even need a blockhain. If we look at XRP's network that was tested by Western Union, it didn't turn out to offer much of a benefit at all. Admittedly, there hasn't been much information regarding how they exactly tested XRP's network, and how far they stressed it, but it's quite an interesting outcome, especially when you take into consideration that XRP doesn't have the scaling aspect holding it back....
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July 06, 2018, 11:49:45 PM
 #23

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.

I agree with you. Blockchain could help our Government/economy in cost-cutting as it will reduce or even eliminate the cost of middle man or bureaucratic practices in our Government. Because of bureaucracy, Government employees were able to go into corruption. With blockchain, most of this will be eliminated as it will be blockchain to handle the transaction. Human error will also be lessen. This will not eliminate all the problem but it will definitely help to resolve many problems. 

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July 07, 2018, 09:09:42 AM
 #24

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 don’t think, that Blockchain can solve the global problem of poverty, because it is not so easy. It depends on us, if we would not help and share with those people, not any blockchain will help us.
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July 07, 2018, 11:59:53 AM
 #25

See "What the Blockchain Means for You," ------> https://medium.com/@julie_45376/blockchain-for-dummies-26fdf5de6dff
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July 07, 2018, 12:27:04 PM
 #26

The blockchain solves the trust problem in the end!
The blockchain is expected to form a completely decentralized social network. After the formation of such a social network, it means that we can form a trust relationship with the society at a very low cost, so that the operating cost of the whole society is greatly reduced.
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July 07, 2018, 02:45:50 PM
 #27

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 yes blockchain can end all of that problem because with blockchain they earn money and they now afford to buy thier daily needs and with that, the economy of country become better because, even your not educated you can earn money for free, bitcoin can change evrything

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July 07, 2018, 03:44:29 PM
 #28

Blockchain being able to solve every single problem put to us is the sort of thinking that's partially led to the situation we find ourselves in now. Surrounded by projects using blockchain for the sake of blockchain.

Bitcoin solved the Byzantine General problem. It solved the double spending problem. These were valid, extremely pertinent money problems finance had been facing for as long as money had been invented.

Poverty? Legal identity? These are very deep problems rooted in a mire of underlying social, economic, political issues. Perhaps decentralised technology spells an alternative route towards tackling them but can we stop seeing blockchain as the all-reaching God solution?

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July 08, 2018, 10:27:32 AM
 #29

Yes i believe that blockchain technology help in solving poverty it also offer job for the jobless and poor people who are smart and have knowledge about cryptocurrency to earn for their living just by joining signature campaigns.

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July 08, 2018, 11:11:11 AM
 #30

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 is not a magic wand that we can wave to eliminate these basic, yet persistent problems. Poverty, for example, is a product of many factors like lack of education and unpleasant environment. Blockchain must first eliminate this factors to finally erase poverty--I don't see that happening.

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July 08, 2018, 12:01:01 PM
 #31

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 is not a magic wand that we can wave to eliminate these basic, yet persistent problems. Poverty, for example, is a product of many factors like lack of education and unpleasant environment. Blockchain must first eliminate this factors to finally erase poverty--I don't see that happening.
Poverty is the reason the world is made for the rich. They are interested in making it more poor. It's easier to find people who can work for little money. This situation is achieved by manual control of the money supply and corruption. Bitcoin can change the balance of power. That's why bankers and oligarchs are against cryptocurrencies.
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July 08, 2018, 12:16:39 PM
 #32

In a way,  I think it can help eliminate crime in many sectors if the governments in many  countries adopt and adapt it. The blockchain technology has really proven to be effective in transparency and assessbility, any uncalled or illegal activities in any of a country will be thoroughly monitored. But alas,  the government won't let it happen, cause they don't like to be questioned.
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July 08, 2018, 12:28:51 PM
 #33

Blockchain has its own function, not all the problems that exist in this world can be overcome by blockchain. I consider the blockchain function to be limited just like an existing bank. There is no other function and can even be said blockchain can help humanitarian problems. Poverty and hunger have nothing to do with blockchain, you can see your own logic.

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July 08, 2018, 12:29:13 PM
 #34

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?
That social problem can't be fixed by a technology that focuses on businesses.

I can't find a way that blockchain will help those people who are starving and have no food to eat however, if one of those kids strive to become a blockchain developer, then I guess that's plausible in a way that it creates employment and opportunities.

Poverty and famine is a never ending problem of the world since the time of memorial.

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July 08, 2018, 12:46:22 PM
 #35

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?
This was impossible because ut us already the problems from now and then and we cannot eliminate it perhaps with faster growth of populations and the materials that can danger to our lives. They can only lessen this problems but not eventually to end.




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July 08, 2018, 01:26:28 PM
 #36

Blockchain can actually be used to solve some of this problems like identity management. With the use of the transparent decentralized blockchain distributed ledger, it will be difficult for anyone to forge his or her identity. This can greatly help to have proper documentation or information of everyone in the world, and can also be used for security purposes to reveal the identity of anyone who may have been involved in a criminal act.
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July 09, 2018, 12:21:16 AM
 #37

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 wouldn't say that bitcoin would necessarily be able to combat the issues such as poverty per se, but it definitely provides some properties that will be extremely useful to those who are in countries where banking services are hard to reach, and overall global reach of the workers are limited, thus resulting in extremely low wages.

Bitcoin can open up tons of opportunities as it can be obtained and transacted with throughout the world without any sort of identification, without discrimination, and without borders. It allows workers from third world countries to connect with employers worldwide, and also have somewhere to save their money.

But the main thing is probably bitcoin's property as a store of value. There's a ton of countries with hyperinflation problems that face depreciation in their fiat on a daily basis. Bitcoin is able to help the citizens in their country to essentially have somewhere safe to store their wealth, instead of having to scramble to spend their life savings due to the inflation (Venezuela is a prime example of this).

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July 09, 2018, 01:42:24 AM
 #38

Thanks guys for coming back to me with your answers!
I do agree that there are immense possibilities that we can uncap with the help of Blockchain; however, it would also depend upon a lot of us (e.g. Govt. / Countries / Organisations etc.), how much we are willing to exploit this technology to create a better world, as opposed to filling our own pockets.
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July 09, 2018, 02:32:14 AM
 #39

Blockchain has a big role to our community and its people it has a great contribution but it doesnt totally elliminate the basic problems in our world.Poverty, legal identity etc. is a long time crisis all over the world whether you live in first world or third world country.Only the good services of a government can help to solved it and also by the help of everyone.
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July 09, 2018, 02:57:56 AM
 #40

I think no blockchain is not to deal with the problem unless it is buying according to needs and needs, then making investments to grow in poverty and nutritional problems I think it's a lazy thing to grow in an organic way, I think the future will get even more minimal because very reversed the comparison between the quantity of goods and the amount of money in circulation, may be successful for all of us
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