The Impact of Blockchain-Based Solutions on Poverty | HackerNoon

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The Impact of Blockchain-Based Solutions on Poverty | HackerNoon
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'The Impact of Blockchain-Based Solutions on Poverty' by kameir sdg crypto

Blockchain-based systems can address the fundamental shortcomings of paper of database-driven solutions to record ownership, by creating a decentralized file system of immutable records. And, while the public at large has been led to believe that nonfungible tokens are synonymous with digital art, the paradigm has indeed a much more important role to play for the recording of rights to real-world assets.

And, while many countries have indicated via their central banks that new technologies may address the needs of the unbanked, it has become clear that CBDCs will indeed not address the reasons for many - and likely most - citizens currently excluded from financial systems . has proved the opposite: the criminal share of all cryptocurrency activity is just 0.34% and falling.The gross-domestic-product of countries all over the world depends on the inflow of foreign capital. However, particular regions are more reliant on remittances in particular than others. According to the World Bankwent to economies in the Asia Pacific. Of these countries, Tonga is the most remittance dependent. 39% of its GDP was made up of remittances in 2019, an amount totaling $252 million.

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