These questions draw diverse opinions among cryptocurrency observers and economic development experts worldwide. The answers are not immediate, given the youth of bitcoin and blockchain technology, but the journey to finding them promises to be exciting.
Brett Scott, an independent researcher and consultant on alternative finance and financial reform, has authored an analysis of these topics in a paper released this month for the United Nations Research Institute for Social Development (UNRISD), an autonomous, Geneva-based U.N. research institute. The paper is titled, “How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance”?
Scott, a senior fellow of the Finance Innovation Lab in London, summarizes efforts to use bitcoin and the blockchain in improving some of the world’s most pressing economic problems. He also examines the challenges of financial inclusion within the context of techno-libertarian evangelism and techno-colonial solutionism ideologies.
The potential for bitcoin and the blockchain to empower social and solidarity-based finance has yet to be truly tested, Scott notes at the outset. His 25-page paper is intended as a primer on the basics of bitcoin and the current narratives about its potential to facilitate financial inclusion, remittances, cooperative structures and micro-insurance systems.
Read more @ https://www.cryptocoinsnews.com/will-bitcoin-blockchain-build-finance-developing-economies/
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