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Sponsored by Gem Property Title: State of Bitcoin Q1 2015

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Sponsored by Gem
Property Title: Blockchain Technology Could Empower
the Poor, Reduce Global Inequality
62State of Bitcoin Q1 2015
• With protected property title, people could better engage in economic
activities such as investment and infrastructure construction.
Sources: Hernando de Soto (2002) Law and Property Outside the West, Housing Finance International June
1994, de Soto, Hernando. 2000. The Mystery of Capital. UK: Black Swan.
“An elite minority enjoys the
economic benefits of the law and
globalization, while the majority of
entrepreneurs are stuck in poverty,
where their assets – adding up to
more than $10tn worldwide –
languish as dead capital in the
shadows of the law.”
- Hernando de Soto, economist
Lima, Peru
“Blockchain technology could 'parachute' property title services into
many poverty stricken countries.” - Balaji S. Srinivasan, 21 Inc

Published in: Economy & Finance, Internet

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