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Tuesday, April 25, 2017 10:32:18 PM
https://www.forbes.com/video/4150135264001/
In a video interview with Steve Forbes, Brian Singer, head of William Blair’s Dynamic Allocation Strategies team, explains how Bitcoin and blockchain encryption has a greater ability to end world poverty than anything we’ve seen in decades.
Singer highlights that blockchain encryption, which is the payment system behind Bitcoin, provides the digital transfer of ownership in a completely transparent and public manner. He goes on to explain that one of the most powerful elements in the creation of wealth is the ownership of property. “When you own something, you will develop it,” Singer says.
He adds that giving impoverished individuals the right of ownership to property in an absolute transparent and public way provides them with what they most need to bring themselves out of poverty. The payment system will also become the standard for banks and credit card companies, according to Singer. “But what’s more interesting is what it can do to poverty around the world.”
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