Blockchain in the Global South: Key Issues and Current Status

Nir Kshetri ()
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Nir Kshetri: University of North Carolina

Chapter Chapter 1 in Blockchain in the Global South, 2023, pp 1-28 from Springer

Abstract: Abstract This introductory chapter offers an analysis of blockchain’s potential to bring economic, political, and social transformations in the Global South. It highlights some of the key applications and uses of this technology in developing countries and takes a look at some of the visible effects. It argues that in many ways, blockchain has a much higher value proposition for the Global South than for their rich counterparts in the developed world. It also gives an overview of the uses of blockchain in promoting transparency and reducing frauds and corruption, reducing friction and costs of property registration, promoting efficiency in international B2B trade, and increasing access to trade and supply chain finance, reducing costs, and increasing efficiency in international payment systems. Other key uses in finance, banking, Insurance, and blockchain-based digital identity are also discussed.

Keywords: Costs of networking; Costs of verification; G20; Marine fishing industry; Permissioned blockchain; Slavery (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-33944-8_1

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DOI: 10.1007/978-3-031-33944-8_1

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