The Social Impact of Blockchain (an Example)

in #life6 years ago (edited)

The world’s undeveloped nations have a higher proportion of the population that would act dishonestly.

These countries are also the least likely to adopt e-commerce as the public will not trust the seller from which they can physically pick the product from. This leads to a negative cycle as this restricts entrepreneurs from establishing businesses that are efficiently able to reach the mass-public.

Without entrepreneurs having an easy means to add value to the country’s economy, the country struggles to develop and the lack of trust among society persists—it’s a negative cycle that is extremely difficult to break.

Until Now.

XYO Network (detailed explanation here) will provide these countries’ entrepreneurs a priceless asset.

Through XYO Network's services, the consumers will have the assurity that their funds will only be issued to a merchant behind any e-commerce store only when the purchased package reaches them.


By creating a trustless environment in business, XYO Network is likely going to have the biggest impact in developing countries. Such nations have a low internal trust and this restricts major economic activity. Trust has been an essential part of business for long, but with XYO Network, physical trade is about to become a trustless interaction.

Beyond Money

In the meteor shower of ICOs we face presently, the main focus is continuously on the money: How much has the ICO raised? What is the platform worth? How much money am I going to make by investing in this?

This focus on money is understandable since ICOs are drawing investor interest, but I feel that this is a project that goes beyond money; it will have a major social impact. Most entrepreneurs must develop products first within their own community and that allows a launchpad for global growth. Today, a vast portion of entrepreneurs offer sales digitally as this is essential to reach the mass-market without expensing on major real estate development.

But many of the talented individuals and teams face a societal structure that gives them little opportunity to succeed. XYO Network is the solution they need; the genuine, honest entrepreneurs will leverage this blockchain service to provide guarantees of payment only when customers have the product. This also protects them since dishonest can be on both sides, and no customer will be able to lie about whether or not they have received the product as XYO Network will be the proof necessary to show that the product is indeed in the customer’s hands.


XYO Network is about to change the global business environment as it makes the world flatter. Individuals who have been victims of the lottery of birth now, to some extent, have the abilities to cease anteprandial opportunities that previously would have been a laughable venture within their society.

Be a part of this revolutionary blockchain service and the social impact it will have.

Part 2: Essential Information

🌐 Website: https://xyo.network/
💡 Whitepaper: https://xyo.network/whitepaper/
👨 ANN Thread: https://bitcointalk.org/index.php?topic=3040825.0
💻 Telegram: https://t.me/xyonetwork
⌚️ Token Sale: MARCH 20
📃 Ticker: XYO
👂🏻 Token Type: ERC20
🔗 Whitelist: YES
💰 Accepts: ETH

Please
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XYO Network Website: https://xyo.network/
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Great post. Gave you a good upvote and follow. Im a new user, follow back for more tech related content.

Thank you, and sure :)

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