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RE: South America convulses.

in #steemit6 years ago

I am a fan of Cardano project and what they start doing is cooperating with several countries in Africa by their framework Atala, which will bring to those countries few new advantages of the new blockchain/technology era.

They will build for them new electronic cash (not as open as Bitcoin, but this is not the point), help with e-identity, tracking food supply chains etc, it might also help with the transparency and governance in the future or for countries which will want to use it. It might also help with the corruption in some way due the transparency level, which each government will want to implement.

They aim to connect their world with cryptocurrencies like Cardano or Bitcoin by this first step. For the people will be then easier to understand, use and also purchase cryptocurrencies. Maybe Cardano for the first time, so this could also help Cardano price in the future. They didn´t want to start doing this by talking to US Congress or some already developed country, because there could be bigger need for this in countries like Ethiopia.

But then, in a few years, when every other country including South America countries will see how this work and that it really solve some problems, they might want to cooperate with Cardano team to implement those tools also.

So I see some solutions, but they will not come tomorrow. Firstly, we need to wait that those countries will implement those tools and then we can see, if it really works or not. Then it can help other countries, which will want to use it of course.

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Hi @ritxi, thanks for participating.

So I see some solutions, but they will not come tomorrow. Firstly, we need to wait that those countries will implement those tools and then we can see, if it really works or not. Then it can help other countries, which will want to use it of course.

It seems like a very well-intentioned project that could help solve some problems, logically, there must be the willingness of governments to implement it.

In our countries the use of cryptocurrencies is increasing, this is mainly due to the distrust of people in the political and economic system of each nation, in addition to this, the freedom generated by blockchain is very attractive.

In Venezuela, particularly, the government is committed to increasing the use of cryptocurrencies, facilitating a platform trying to boost the state cryptocurrency Petro, it has even been said that they want to base the economy on this currency but we still have to wait for the results of this.