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Author Topic: Can Blockchain help eliminate the basic problems in the world?  (Read 298 times)
antoniolukaseo2010
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August 15, 2018, 09:15:53 AM
 #81

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
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August 15, 2018, 09:35:46 AM
 #82

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.

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August 15, 2018, 09:39:00 AM
 #83

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.
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August 15, 2018, 10:25:39 AM
 #84

Blockchain can upgrade the economy, and good economy can make the world better.
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August 15, 2018, 10:41:55 AM
 #85

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.


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August 15, 2018, 11:22:08 AM
 #86

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.
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August 15, 2018, 04:31:26 PM
 #87

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.

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August 15, 2018, 04:42:13 PM
 #88

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

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August 16, 2018, 05:29:00 AM
 #89

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.

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August 16, 2018, 06:02:38 AM
 #90

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.


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August 16, 2018, 06:22:56 AM
 #91

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.
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