Among the many challenges that blockchain technology is poised to solve, is ending poverty.
While technological advancements have significantly reduced global poverty over the past century, it is still not gone. There are still more than 1.3 billion people in the world living in extreme poverty (defined as having less than $1.25 to spend each day).
General causes for poverty include lack of access to banking facilities and lack of legal property ownership. Both of which are major issues in developing countries and can be solved with blockchain technology.
(Credit: IEEE)
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