top of page

Blockchain Advancements in the 21st Century

Technology has enabled the DeFi and Blockchain to break down barriers and assist in the resolution of social issues in the twenty-first century. According to the most recent Findex data, nearly one-third of adults remain unbanked. Blockchain technology instills trust in its users with its transparency built into a decentralized network, lowering transaction fees, and providing an alternate source of liquidity. Blockchain is also often linked to cryptocurrencies, which provide users with a more user-friendly platform to manage their assets online.

This article mentions four interesting major factors that make this new financial model a viable financial inclusion option for everyone: (1) Payment services, (2) savings, (3) credit, and (4) Insurance.

Considering the adoption of blockchain technology has allowed healthcare programs, governments, companies, and users to store and share data/financial goods in a secure and efficient way, these 4 points strengthen our argument on how can blockchain be beneficial for everyone. All that is needed is widespread adoption with adequate legislation, a more ecological infrastructure, and capital.

A very interesting article that is worth a read!

17 views0 comments
bottom of page