IDEAS home Printed from https://ideas.repec.org/a/taf/ctwqxx/v38y2017i8p1710-1732.html
   My bibliography  Save this article

Will blockchain emerge as a tool to break the poverty chain in the Global South?

Author

Listed:
  • Nir Kshetri

Abstract

Just like its recent predecessors, blockchain – also known as the distributed ledger technology – is considered to have the potential to cause major economic, political and social transformations in the Global South. The visible effects of this technology are already being noted there. We present early evidence linking the use of blockchain in overcoming some economic, social and political challenges facing the Global South. The article highlights the key applications and uses of blockchain in developing countries. It demonstrates how blockchain can help promote transparency, build trust and reputation, and enhance efficiency in transactions. The article looks at opportunities and key triggers for blockchain diffusion in these countries. It also delves into challenges and obstacles that developing economies are likely to encounter in the use of blockchain.

Suggested Citation

  • Nir Kshetri, 2017. "Will blockchain emerge as a tool to break the poverty chain in the Global South?," Third World Quarterly, Taylor & Francis Journals, vol. 38(8), pages 1710-1732, August.
  • Handle: RePEc:taf:ctwqxx:v:38:y:2017:i:8:p:1710-1732
    DOI: 10.1080/01436597.2017.1298438
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/01436597.2017.1298438
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/01436597.2017.1298438?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:ctwqxx:v:38:y:2017:i:8:p:1710-1732. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/ctwq .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.