You never know who you are going to meet fishing, I meet some World Bank Group members, they viewed Cardano as a bridge out in areas like Ukraine.
Read that again, the World Bank sees the decentralized potential possible for Ukraine, as they have a strong IT workforce and formalized projects like #Cardano is a possible springboard for a brighter future for all its citizens.
They pointed me to this PDF report, Ukraine Innovation and Entrepreneurship Ecosystem Diagnostic, definitely worth reading.
Added on August 20, 2018
Try To Answer the Hardest Question in Economics
“How poor countries can become rich ones is the most important questions in economics — but also the hardest to answer.”
I found this particularly interesting as Bloomberg misses the mark entirely:
“But despite the lack of a general theory of growth, economists who work for agencies like the World Bank and the International Monetary Fund have to give some kind of advice to developing nations. Often, they default to the comfortable old chestnuts handed down from Adam Smith and David Ricardo — open your markets to trade, privatize state-owned industries and don’t run big fiscal deficits. Get the government out of the way, and growth will follow.”
Maybe Bloomberg should send their staff fishing.
World Bank Members had this to say:
Cardano minimizes the amount of trust required, only possible if one can mathematically prove the secure truth.
I’m wondering why this news, how the World Bank views cryptos is not out in the marketplace?