The Role of Block Chain in Boosting Economic Prosperity and Financial Inclusion

Chapter 8 introduces governance issues and potential areas in which blockchain technology can help empower citizens. Create a new thread, choose one area from the material in chapter 8 in which blockchain technology can enhance citizen engagement, and describe the current problem and how blockchain technology could resolve or improve the current situation. Write your discussion in a way that is accessible by all readers – regardless of their political beliefs. In other words, focus on blockchain, not politics. Then think of three questions you’d like to ask other students and add these to the end of your thread. The questions should be taken from material you read in Chapter 7, 8, or 9. You’re not trying to test each other, but you are trying to start a discussion.

You must do this following:

1) Create a new thread. As indicated above, choose one area from the material in chapter 8 in which blockchain technology can enhance citizen engagement, and describe the current problem and how blockchain technology could resolve or improve the current situation. Write your discussion in a way that is accessible by all readers – regardless of their political beliefs. In other words, focus on blockchain, not politics. Then think of three questions you’d like to ask other students and add these to the end of your thread. The questions should be taken from material you read in Chapter 7, 8, or 9. You’re not trying to test each other, but you are trying to start a discussion.

Answer preview…………….

Satoshi Nakamoto is considered the next genius after the internet revolution with the invention of bitcoin and block chain technology. The fact that payments can be made online through block chain technology without a third party regulator is mind blowing. Access to credit is crucial to build businesses. Unfortunately, financial institutions like banks have stringent requirements that lock out majority of the population. Healthy bank balances and good credit scores have hindered many from thinking of starting business ventures even though they may……………
APA 395 words