Despite the rapid technological advancements our world has seen over the past several decades, billions of people worldwide still live in conditions of poverty. It's not a simple question of self-efficacy and bootstraps: many lack access to basic tools that could alleviate their situations, from WiFi to dignified work. A panel of experts joined Roundtable to discuss a range of projects that seek to build wealth and economic inclusion in the U.S. and abroad. In this segment, they discuss the blockchain as a tool for building wealth in impoverished communities.
Jon Najarian notes that while cryptocurrency has the potential to level the playing field in terms of building wealth, understanding finances and investing is key.
"It's not just education as a whole, but financial literacy," he explains.
Robert Chapman notes that people's short-term needs often override their interest in investing for the long term.
"If I went into a rural community and talked to folks and said, you know, I can help you own this, and we're going to decentralize it, they'll ask, when do I get paid?" Education, he says, is key to expanding opportunity. "An ecosystem can be created around this with all these sort of decentralized opportunities where people now own their future. They own their financial capacity."
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Watch the full discussion below:
Patrick Robinson, CEO and Co-Founder, Pashko
Robert Chapman, Philanthropist and Entrepreneur
Jon Najarian, Co-Founder, Market Rebellion