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The Age of Equality: How Blockchain Helps to Reduce Social and Gender Gaps

Guest Author



The Age of Equality: How Blockchain Helps to Reduce Social and Gender Gaps
Source: BlockShow

When it comes to disruptive technologies, nothing takes the centrestage more than Blockchain. Its use has been talked about across sectors and industries. There can be no denying that Blockchain has its uses in the financial, governmental, legal, commercial, art and technological fields etc, but it is Blockchain’s social impact that may come to define it as one of the most important breakthroughs of our time.

The United Nations has already demonstrated that Blockchain has the ability to tackle inequality, which is a plague that runs through our social fabric globally and takes various forms, whether it is gender, economic, class, caste or political inequality.

In this respect, BlockShow has always been a leader. Equality is at the heart of our organisation, especially gender equality. As with the BlockShow Europe 2018 which voted on leading women in the Blockchain Space and provided them recognition, the platform that Blockshow creates is available to discuss the pressing social problems of our time. BlockShow Americas 2018, which will be held at Las Vegas between August 20-21, 2018 is the perfect opportunity to concentrate on the question of equality.

An in-depth discussion on equality would be held at the  ‘How Blockchain affects the Americas’ Emerging Economies’ panel in the conference. The mandate of the panel is to discuss how Blockchain can contribute to the emerging economies on both the American continents in the North and South. The panelists will explore how the unbanked can be provided financial and banking services with the use of the latest blockchain technologies and breakthroughs.

Pilferage no more a barrier to equality

Corruption has a deep impact on governmental programmes, especially those in developing countries. In the Americas corruption is having a deep impact on the lives of people. According to Transparency International based on the estimated size of Latin American and Caribbean countries, nearly 90 million people paid bribes. Half of the people that Transparency International surveyed said that governments are failing to ‘address corruption’.  The OECD points out,

“The significant impact of corruption on income inequality and the negative effect of corruption on income growth for the poorest 20% of a country have been proven empirically (Gupta et al. 2002).”

Delivery of services through Blockchain based cryptocurrencies can be an answer to this problem. These transactions will be low cost or no cost and can be delivered through mobile telephony. It is estimated that mobile phone users worldwide would reach 2.87 bln by 2020. The combination of powerful DAPPS and high phone usage can finally put an end to leakages in Official Development Assistance (ODA).

Giving women their due

Gender equality can turn into a reality when women get their fair share. In the United States pay gap between the genders has persisted since the 1980s. According to Pew Research, the estimated 18-cent gender pay gap between all workers in 2017 narrowed from 36 cents in 1980s but it has still persisted. Pew also concludes that four in ten working women have experienced gender discrimination at work. These are serious issues that need to be addressed.

Blockchain based payroll solutions can be used to eliminate discrepancies such as gender based pay-gap. A private blockchain based solution can be deployed according to Ian Bond to remove gender based markers and bring more objectivity into payroll. Even though Blockchain is a male-dominated space itself, there are opportunities to change that. Blockshow is a good example of that as it has managed to demonstrate how women can play a crucial role in community building, create engagement and devise inclusive processes. As there is a great demand for blockchain talent, there is also space and opportunity to bring more women into the fold. In that sense blockchain is not only empowering women by technological solutions but also by creating space for them.

The great societal equaliser

In the poverty statistics released in September 2017 by the US Census Bureau as reported by Federal Safety Net, a clear picture emerges that minorities are hard hit when it comes to poverty. 22 percent of Black Americans, 19 percent of Hispanics, 20 percent foreign born non-citizens are classified as poor. Better delivery of benefits and social security can cut down the suffering of individuals who live on the margins of society. As an example The Supplemental Nutrition Assistance Program (SNAP), which is better known as Food Stamps has seen fraud rise in the four years preceding 2016. According to Forbes,

“It (fraud) jumped to $592.7 million in 2016, up a staggering 61% from $367.1 million in 2012.”

Fraud can be tackled easily by a Blockchain based system. In fact, volumes have already been written about Blockchain can help tackle diploma and degree fraud and extending this technology to social security in US could completely eliminate problems associated with giving the marginal sections their due share in society. In this respect, the panel Blockchain 4 Good: Making Every Voice Heard is an opportunity to come up with out of the box solutions for pressing social issues.

Members of this panel will discuss equality and the inclusion of communities and minorities in the blockchain ecosystem. The panel’s discussions will lead to ideas that allow for more participation of women, sexual minorities, people of diverse ethnicities etc., so that they too can reap the benefits of this emerging technology.

Let us talk equality

At BlockShow, we encourage out of the box solutions that lead to using the technology in the real world. Adoption of Blockchain will only gather steam when there is a multifaceted effort to use it across financial, technological and social landscapes.

At BlockShow America 2018, the world of Blockchain will come together and over the course of two days many solutions to the pressing problems of the world will be found. At the conference experts who will shed their insights include Mike Butcher, Editor-at-large at Techcrunch, Nouriel Roubini, Founder and Chairman of Roubini Global Economics, Alex Mashinsky, Serial Entrepreneur, Venture Investor, Tech Innovator, Founder of Celsius Network, Johanna Maska, White House Director of Press Advance for President Barack Obama and other important Blockchain personalities. This is our chance to come together to create a more equal world and protecting the most vulnerable sections of humanity so that they have a shot at prosperity as well.  

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Press Release

Are Blockchain Casinos on the rise?

Guest Author



Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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