In a modern world where technology is advancing rapidly thanks to tools like blockchains and AI, there are still many places grappling with age-old problems. Poverty, lack of access to clean water or electricity, and financial exclusion are battles many communities still face daily. And while progress is being made, especially in connection to the United Nations’ Sustainable Development Goals (SDGs), some regions are still struggling, notably Africa and South America.
Map of poverty levels across the world in 2023. Source: WorldPoverty.io
Although we live in a highly digital age, the gap between the privileged and the underprivileged seems to widen. But to solve real-world struggles, we need real-world solutions. That's where the promise of blockchain technology has been highlighted. Unfortunately, much of the blockchain space is still dominated by speculative trading and abstract use cases detached from daily realities.
Enter the Stellar Development Foundation (SDF), a nonprofit organization that supports the growth and development of the Stellar network. The Stellar network aims to bridge the digital divide, providing practical blockchain solutions to tangible problems that can help impoverished communities. With a specific focus on accessible financial services, SDF, through its support of the Stellar blockchain, aims to bring financial inclusion to the unbanked and underbanked populations across the globe.
The Stellar blockchain enables low-cost, near-instantaneous cross-border transactions, which can be a lifeline for individuals in emerging economies. By doing so, the Stellar network isn't just showcasing blockchain's potential; it's applying this revolutionary technology in ways that directly benefit people,
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