Poverty, legal identity etc. are major concerns in the third-world countries. Data says one-third of children in the world still lack legal identity (sourced from Informationweek). Poverty and lack of food still kill thousands of people. Can Blockchain put an end to all this?
Blockchain is not a magic wand that we can wave to eliminate these basic, yet persistent problems. Poverty, for example, is a product of many factors like lack of education and unpleasant environment. Blockchain must first eliminate this factors to finally erase poverty--I don't see that happening.
Well this is even non sense to get this thing. How block chain can directly eliminate poverty from our societies. This sent the duty of block chain to get things better for society. It is just a method of payment or you can say an earning source as well. But that doesnt have any directly link to elimination of such big dilemma of society. This may help to reduce things but not fully capable to eliminate it.