A look into the ways China has used blockchain technology to lift 98 million people out of poverty since 2012.
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Promote with Leviathan NewsTL;DR: China has used blockchain—largely in centralized, state-led ways—to support its Targeted Poverty Alleviation drive, helping lift around 98 million people out of extreme poverty since 2012. Applications range from food traceability (like QR-tracked “million-step” chickens), transparent management of government funds, microloans for rural farmers, and blockchain-based charity and insurance platforms. While this approach contrasts with the cypherpunk vision of decentralization, it shows how blockchain, when embedded into public policy and institutions, can materially improve trust, transparency, and rural incomes at massive scale.
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More coverage
- China's Agricultural Sci-tech Poverty Reduction Strategy (borgenproject.org)
- [PDF] SSiA-China-Tanzania-Cooperation-through-Agriculture-and-Poverty ... (southsouth-galaxy.org)
- using blockchain for targeted poverty alleviation in a city in China (ideas.repec.org)
- Financial technology as a driver of poverty alleviation in China (sciencedirect.com)
- [PDF] Four Decades of Poverty Reduction in China (lib.icimod.org)
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