Post
Topic
Board Economics
Re: How can we make this world economically better?
by
BennyK
on 06/11/2018, 00:30:26 UTC
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
Corruption is everywhere around the globe but it has a high incidence in most of African countries - the reason behind the low status of the economy in Africa. Africa is blessed with all the resources that is needed to raise its status to be among the powerful continents if not the most powerful continent but due to greediness on the part of some leaders and corruption, Africa appears to be the poorest continent now.
In order to raise the economic status and help the people of Africa, there is the need to fight corruption and theft. Blockchain technology is one of the effective ways of fighting corruption. Most of the businesses in Africa (governmental and non-governmental businesses) needs to integrate Blockchain (cryptocurrency) into their payment systems. Blockchain has an immutable record keeping feature for all verified transactions. This will help fight corruption in Africa.