Thinking Inside The Block[chain]. An analysis of Blockchain Technology's transformative potential on individuals' social well-being in El Salvador, Kenya, and Venezuela.
Domain:
socioeconomicRecord type:
paper
Creator:
Wol
Editor:
AusAus
Publisher:
The
Host:
Blockchain Technology acts as a buzzword, an innovative tech solution that can fix almost any logistical issue. How does this innovative technology affect the social well-being of its users? In this paper, I have explored the essence of what Blockchain Technology is, how it is used, and finally, the social effect that it has had and has the potential to have. When measuring the effect that technology has on individuals' social well-being I will use the capability approach theory. Evaluating the effect that blockchain has on individuals' well-being by looking at how it alters the control they have over their environment through both political and material control. This analysis will focus on the effect in three specific nations; El Salvador, Kenya, and Venezuela. Using the capability approach offers a lens into individuals' well-being based on their access and capability to control their lives.
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