[2018-09-20] How Blockchain Technology Can Serve Emerging Markets

[frauswif]

"Blockchain technology has been said to have the potential to disrupt many industries with low-cost transactions, immutability, and enhanced security. Indeed, many blockchain implementations have been developed, each exhibiting unique features tailored to specific use-cases. One of the most exciting of these use cases is serving so-called emerging markets. In this article, I discuss some of the central challenges of emerging markets and how one African-based crypto startup plans to overcome them."

https://hackernoon.com/how-blockchain-technology-can-serve-emerging-markets-a7585ca2ff43

[hugeblack]

There are many more challenges than what mentioned in the report.
Some misconceptions related to cryptocurrency. First, it is not necessarily the abolition of dealing in paper money when accepting cryptos.
Also, this technology does not necessarily have to be used in everyday life.
In other words, if cryptocurrencies are accepted globally, their use in some markets will take years or decades.
Just using it to reduce the cost of international transfers is essential.

[veleten]

hate when blockchain is treated like a multitool for all purposes
while its a great technology, it cannot be used to "substitute" x y z or "save markets" or countries etc.
too many companies are putting Blockchain in its name for no reson and this is getting annoying
and they do it to increase their stock price,to create additional hype and so on: https://qz.com/1175701/putting-bitcoin-or-blockchain-in-a-company-name-is-sometimes-enough-for-a-pop-on-the-stock-market/

[cryptofonia]

the fate of US dollar is crucial factor for cryptocurrencies propagation.