Continuing the discussion from Round-up: Cardano's Vision for Africa:
Blockchain can address many issues in developing counties. By boost economy, building trust and funding startups.
Here are few ways blockchain technology can be used.
Access to banking and credit: Most peoples in developing countries have access to smart phone and internet but not to banking system also People live in remote places. A Mobile wallet can give access to those who in need with credit scoring.
Reliable form of currency and reducing corruption: Zimbabwe is suffering from hyperinflation because of poor economic policies, corruption and unrestricted printing of money. Bitcoin’s main aim was to establis trust in currency and P2P value transfer. similarly cryptocurrency can be a main stream in addressing currency crisis issue.
Creating jobs and education: Most developing country have young demography where there is a need of education and Job, without education the younger generation may take wrong paths. Blockchain has a huge potential and it is still in infancy so there is a need of engineers, innovation and ideas. blockchain education can help young generation to solve problems by adopting new technologies.
Oversea remittance: Immigrants working in developed countries can send money oversea’s to family living in developing countries with a fraction of fee and faster. Currency can be lending to small business and micro finance.
ICO and startup struggle: startups in developing country suffer from lacking of guidance and funding. ICO’s can help getting funding from right investors from oversea, connect to advisers, explore oversea market.
I appreciate if you can share thoughts and add more points.