Blockchain: Promoting financial inclusion and entrepreneurship through technology

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Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women. They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administratve costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

[fulltext] =>

Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women.

 

They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administrative costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

 

Furthermore, Blockchain may represent an ideal platform for the Innovative Financing for Development (IFD) model. LSL World Initiative, the global IFD specialist, maintains that Blockchain-based transactions could be leveraged in order to generate additional revenue for development projects, through the implementation of micro-contributions in globalized sectors. Thus, by working together, Blockchain and IFD would allow emerging countries to boost their socio-economic development, without having to make significant investments in infrastructure.

 

Read the whole article.

 

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Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women. They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administratve costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

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Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women.

 

They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administrative costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

 

Furthermore, Blockchain may represent an ideal platform for the Innovative Financing for Development (IFD) model. LSL World Initiative, the global IFD specialist, maintains that Blockchain-based transactions could be leveraged in order to generate additional revenue for development projects, through the implementation of micro-contributions in globalized sectors. Thus, by working together, Blockchain and IFD would allow emerging countries to boost their socio-economic development, without having to make significant investments in infrastructure.

 

Read the whole article.

 

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Technologies like Blockchain have the potential to bring entrepreneurship within the reach of previously underserved people, especially women.

 

They do so by facilitating the access to essential third-party services, such as banking, loans and insurance. Another advantage of Blockchain is that it reduces or eliminates overhead and administrative costs, since it makes middlemen redundant. Blockchain-based funding applications will also make micro-loans and other forms of financial support more readily accessible to female business owners.

 

Furthermore, Blockchain may represent an ideal platform for the Innovative Financing for Development (IFD) model. LSL World Initiative, the global IFD specialist, maintains that Blockchain-based transactions could be leveraged in order to generate additional revenue for development projects, through the implementation of micro-contributions in globalized sectors. Thus, by working together, Blockchain and IFD would allow emerging countries to boost their socio-economic development, without having to make significant investments in infrastructure.

 

Read the whole article.

 

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