Is blockchain the answer for poverty-stricken countries?

[Milansilver7]

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.

[Cassy14]

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.

[chickenado]

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.

[wxa7115]

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.

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.

[Tanya12356]

I believe this is the technology of the future, including for poor countries.

[keykey1]

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

Technology blockchain will help to destroy corruption and allow residents in poor countries to ensure their lives. But this is being implemented too slowly.   

[South Park]

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.

[MrsBlockchain]

Have you seen this article regarding community currencies? https://new.reddit.com/r/ethtrader/comments/9g6oy1/localized_cryptocurrencies_are_now_being_piloted/

[MrsBlockchain]

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/