Can we eradicate poverty completely with Blockchain?

[Domithra]

Poverty can be eradicated, no doubts about that. Firstly, to deal with poverty, it must be tackled from the psychological aspect. Poverty is a state of mind. What may seem poor to someone, may seem riches to another. We should learn to set realistic goals within our limits and learn to be content with what our efforts bring us.
On the other hand, poverty can be handled with the Blockchain technology. Most people are poor because of slowed business progress. Integrating Blockchain into a business brings an added sense of value to the business in the field of the payment systems. Once there is transparency and effective payment system (Blockchain offers this), there is likely going to be an increase in work productivity and increase in profit making margin.

[MOProgress]

I will say poverty is part of humanity, so I doubt how possible that can be. To this effect I will we cannot eradicate poverty completely with block chain

[Sentinel]

basically, blockchain technology is supported by sophisticated and modern technology. if we can use it well then I think it will be profitable. the sophisticated blockchain technology makes many people interested in learning it and getting the benefits from it.

[arnishad]

crypto remains terribly risky thus do not take risks with things that are not entirely yours, it's higher to take a position a bit however it's yours in order that you'll invest additional sedately in order that not troubling your focus as a result of panic will lead you to destruction.
To be greedy, in my opinion, it's not necessary in day commerce. If you place orders with a distinction of shopping for and commercialism of 5 %, then you lose each credit cash and morzhalnye loans. To be content with {one %|one-hundredth|hundredth|common fraction|simple fraction} of financial gain or perhaps [*fr1] a percent of the financial gain between shopping for and commercialism, then there'll be considerably less bankrupts
getting made here isn't solely a matter of huge capital however conjointly of your intelligence. thus investment a bit will cause you to made

[ZionRTZ]

I like how you laid it out. (+1 for this)

There are other things that affect businesses but yes, blockchain can help reduce these problems that businesses (especially small and medium) are currently facing like cost reduction etc. 

[Alcor]

No, cryptocurrency is not a magic wand and it is impossible to eradicate poverty with the help of it. It must be borne in mind that a cryptocurrency in itself does not create material values, but only actually redistributes them. And so poverty does not win.

[Richa99]

I think it will be very possible if poverty is eradicated with a blockchain, and we know for ourselves that the blockchain will help and bring a lot of better changes.

[masterrex]

Poverty can be eradicated, no doubts about that. Firstly, to deal with poverty, it must be tackled from the psychological aspect. Poverty is a state of mind. What may seem poor to someone, may seem riches to another. We should learn to set realistic goals within our limits and learn to be content with what our efforts bring us.
On the other hand, poverty can be handled with the Blockchain technology. Most people are poor because of slowed business progress. Integrating Blockchain into a business brings an added sense of value to the business in the field of the payment systems. Once there is transparency and effective payment system (Blockchain offers this), there is likely going to be an increase in work productivity and increase in profit making margin.

I dont think so! Maybe the Blockhain technology application was very useful in financial inclusivity because large portion of our global population has no access to Banking services Blockchain will serves as medium by using fintech dapps to fill the gap of banking services to the masses via the Internet.

[Andruha1993]

I agree with you that with the help of blockchain you can beat poverty. But there is a small nuance, in order to overcome poverty, a person must himself strive for this, if he doesn’t do anything, he will not be able to defeat it.

[trauchot]

I do not know if this is possible? Of course, the blockchain technology is just incredible, but it’s impossible to eradicate poverty with the help of the blockchain.

[Garriss789]

when the states switch to the blockchain, then the officials will not be able to steal money, everything will be transparent, there will be no manipulation of the money and they will be spent on purpose