Blockchain: How the Fourth Industrial Revolution can help accelerate progress towards development

Blockchain has been called a pillar of the Fourth Industrial Revolution, comparing it to1 es4_Z6OdX80rv4UdXbcVRw technologies such as the steam engine and the internet that triggered previous industrial revolutions. It has the power to disrupt existing economic and business models and may prove particularly valuable in emerging market economies. According to experts, blockchain also holds great promise as a method of fighting corruption, especially in Latin America and the Caribbean, where more smartphone penetration can facilitate the adoption of new technology.

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