Just thinking about life today, and all the people that I knew who were college graduates without jobs and what they are doing today to earn a living, and realized how much the blockchain has transformed the world of employment in a developing country like ours.
Cryptocurrency, which is an application of blockchain technology, has opened the door of employment opportunities to many who would have had no chance of a good job. This has helped millions of people including myself find jobs, as well as inspired many startups with the potential to change the world.
Joblessness is a serious issue in our society today. Having a college degree doesn't guarantee employment - many companies won't even consider graduates due to their status. This stems from government ineffectiveness in job creation and failing to attract businesses that could employ citizens.
Beyond degrees, human resources are our world's most valuable asset. But without proper empowerment, great human resources remain like a worn-out towel that nobody wants to use. This was the reality for many before discovering blockchain's potential through decentralized blogging platforms.
I've witnessed numerous success stories in this space. Many found satisfying work through blockchain applications like decentralized social blogging platforms - Hive, Inleo, and Steemit. These platforms use blockchain to reward users who create unique content with trade-able tokens.
The beauty lies in accessibility; there are no entry requirements. Users simply sign up, start posting content, and earn tokens they can exchange for traditional currency on decentralized exchanges.
Similarly, decentralized finance offers income opportunities with minimal initial investment. Projects like LeoDex on Maya protocol blockchain enable earning through staking or farming with small token investments.
There is nothing like these unique opportunities, and many people have not been aware of these life-changing opportunities. These decentralized applications are positively impacting people across the world.
This technology helped me overcome joblessness after losing my business during Covid five years ago. I turned to the decentralized world for income, discovering blockchain's amazing potential.
My five years in this space have provided valuable knowledge and experience for building blockchain-based businesses. I've learned that success doesn't require huge capital - just skills and dedication.
Unemployment and poverty are inseparable challenges. It's ironic that job scarcity affects even developed nations like the United States.
This is where blockchain has come onto the scene. It does so in a truly unique way by empowering people to earn and build businesses faster and easier, than traditional methods. And the best part is that the opportunities available can be accessed for free by anyone!
The ability to remove traditional barriers to entry makes blockchain especially disruptive. In traditional labour markets, connections, location, and credentials are often barriers to success. Blockchain platforms can provide an equal footing for participants where anyone with an internet connection and willingness to learn can access the digital economy. This could be transformative.
Because blockchain does not contain a centralized authority to limit participation, the local economy or the traditional banking system is not an obstacle to entry. This point is especially relevant in developing countries where banking processes may be limited but mobile internet may be abundant. Through blockchain technology, people can access the global digital economy from their smartphones and create sustainable income streams that were previously unimaginable.
