Blockchain is among the most disruptive technologies of our times, and it has the potential to change the way we take care of our health, send and receive money, trade, and communicate. However, the social impact may be the most important outcome of the blockchain revolution.
First and foremost, according to the latest report from the United Nations, blockchain can be used to solve the inequality issue that plagues human society and takes various forms including economic, gender, class, and political inequality.
BlockShow has always been in the vanguard of this quest to end inequality and has provided a platform for open discussions of burning social problems. At BlockShow Europe 2018, participants voted for the most prominent women in blockchain, while BlockShow Americas 2018, the conference that will take place in Las Vegas on August 20-21, will provide another opportunity to focus on equality issues during a dedicated panel titled, ‘How Blockchain Affects the Americas’ Emerging Economies.’
The in-depth panel discussion will be centered on the ways blockchain can help emerging economies in North and South America. The participants will speak about financial inclusion and discuss how blockchain technologies can be used to provide financial and banking services to the unbanked.
Stop the corruption
Developing countries often suffer from high levels of corruption, which has an immensely negative impact on governmental social programs and hits socially disadvantaged groups of people the most. One in three people in Latin American and Caribbean countries surveyed by Transparency International said they had to pay a bribe while using public services. This means that nearly 90 million people, based on the estimated population size of these countries, fell victim to corruption in their countries.
“The significant impact of corruption on income inequality and the negative effect of corruption on income growth for the poorest 20% of a country have been proven empirically (Gupta et al. 2002),” OECD points out.
Blockchain technology can solve this problem by providing low or no-cost cryptocurrency-based solutions delivered through mobile telephony. The number of mobile phone users is forecasted to reach 2.87 billion by 2020. Powerful DAPPS combined with high phone usage can stop leakages in Official Development Assistance (ODA).
No more gender discrimination
While the 18% gender pay gap registered in the United States in 2017 is definitely better than the 36% recorded in the 1980s, it proves the point that women don’t get their due. According to Pew Research, four in ten working women faced a prejudiced attitude or another form of gender discrimination at work, which means that there are grave problems to be solved.
Meanwhile, blockchain based solutions can help eliminate the gender-based pay-gap, thus providing an incentive for female professionals. By deploying private blockchain-based solutions, companies can make payroll more objective and fair, according to Ian Bond.
Blockchain itself is a male-dominated industry so far, but there is room and opportunity for improvement. As Blockshow demonstrates, women are able to play key roles in building communities by creating a beneficial environment and fostering engagement. The blockchain industry is hungry for talent from all walks of life. This means that blockchain has the capacity to empower women with the building of technological solutions and providing opportunities for them both as creators and as users.
Leveling the social playfield
When it comes to poverty, US Census Bureau statistics published in September 2017 paint a bleak picture. However, advanced social security and improved channels of benefits delivery can reduce the pain of the people who live on the breadline while saving the government money. For example, fraud within the Supplemental Nutrition Assistance Program (SNAP), also known as Food Stamps, rose in the four consecutive years preceding 2016. Food stamp-related fraud jumped 61% to $592.7 million in 2016 from $367.1 million in 2012, according to Forbes.
In this respect, the panel is an opportunity to come up with out-of-the-box solutions for pressing social issues. Members of this panel will discuss equality and the inclusion of communities and minorities in the blockchain ecosystem.
A blockchain-based system can solve the fraud problem in various areas including social benefits and social security programs for marginal sections of the society. The Blockchain 4 Good: Making Every Voice Heard panel will be devoted to solutions for these burning social problems. The participants will discuss the inclusion and equality of minorities within the blockchain ecosystem. The ideas that will arise from the panel’s discussions will foster more engagement by women, sexual minorities, etc. so that they can feel the benefits of blockchain technology.
Focus on equality
BlockShow encourages unorthodox solutions for real-life use cases of blockchain technology. It will gain mass adoption only if there is a unified effort to apply across different industries and social landscapes. BlockShow America 2018 will bring together the world’s leading experts, who will discuss solutions to pressing problems over the course of two days. Such big names as Mike Butcher, Editor-at-large at Techcrunch, Nouriel Roubini, Founder and Chairman of Roubini Global Economics, Alex Mashinsky, Serial Entrepreneur, Venture Investor, Tech Innovator, Founder of Celsius Network, Johanna Maska, White House Director of Press Advance for President Barack Obama and others will share their insights during the conference, creating the best-ever possibility to make this world more equal and protect the most socially vulnerable groups of people.
Registration for BlockShow Americas 2018 is already open!
Visit the official website of the conference to register and buy tickets with a huge discount under Super Early Bird offer with the code: 25CRYPTOVEST