As I've been doing alot of research inside the cryptocurrency space of the internet it seems as thought the blockchain could be a significant force within allowing the populations of the world that are unbanked and essentially de-centralized already to have access to the funds needed to support themselves and have at least a basic dignified existence.
This could be a family in sub-saharan Africa that does not have the money for basic sanitation, food, and clean drinking water. But with the generous gift of components of technology suchas a computer or a smartphone, they could all of a sudden have the ability to receive and send payments through the various blockchain ledgers seamlessly without things such as a bank account or identification card. As long as merchants and their peers recognize and accept the same form of payments then the various forms of institutionalization are no longer keeping them from having the basic things that they need to live - whether its because they are too weak or hungry to walk 10, 20, 30 miles to go and get an identification card to open a bank account or there are literally no ways to make enough money in their local currency on any sustainable basis month in and month out.
Ultimately the various or even a single blockchain ledger that can move seamlessly between people and banks could facillitate the implementation of a Living Income or Basic Income in various parts of the world that need it the most. Which then could exist as a model for the rest of the world showing two things simultaneously - the usefulness of the blockchain in a single use case - and the efficacy of an idea such as Living Income and what it produces in a local economy. A ledger that could be inherently designed for such a task could be developed to implement this and as long as this particular ledger's underlying asset could be transferred into local currency fairly easily - so that merchants would take it as form of payment - We would have an extremely viable and important use case for crypto and blockchain ledgers.
This could be a family in sub-saharan Africa that does not have the money for basic sanitation, food, and clean drinking water. But with the generous gift of components of technology suchas a computer or a smartphone, they could all of a sudden have the ability to receive and send payments through the various blockchain ledgers seamlessly without things such as a bank account or identification card. As long as merchants and their peers recognize and accept the same form of payments then the various forms of institutionalization are no longer keeping them from having the basic things that they need to live - whether its because they are too weak or hungry to walk 10, 20, 30 miles to go and get an identification card to open a bank account or there are literally no ways to make enough money in their local currency on any sustainable basis month in and month out.
Ultimately the various or even a single blockchain ledger that can move seamlessly between people and banks could facillitate the implementation of a Living Income or Basic Income in various parts of the world that need it the most. Which then could exist as a model for the rest of the world showing two things simultaneously - the usefulness of the blockchain in a single use case - and the efficacy of an idea such as Living Income and what it produces in a local economy. A ledger that could be inherently designed for such a task could be developed to implement this and as long as this particular ledger's underlying asset could be transferred into local currency fairly easily - so that merchants would take it as form of payment - We would have an extremely viable and important use case for crypto and blockchain ledgers.
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