Bachelor Thesis from the year 2017 in the subject Business economics -
Business Ethics, Corporate Ethics, grade: 1,0, Frankfurt School of
Finance & Management, language: English, abstract: In investigating the
potential impact of the blockchain on underdeveloped countries, this
study develops application ideas and analyses their impact, the
feasibility of and impediments to their implementation and the
expectations concerning their adoption. Blockchain technology can solve
development problems as it improves existing instruments and enables the
development of new ones. Blockchain-based applications particularly
address institutional weaknesses and financial inclusion because they
restrict deception, corruption and uncertainties. In the future, the
blockchain can also be a development vehicle empowering people directly
and mitigating power asymmetries. This study builds on existing
development theories and contributes to poverty solution concepts.
Researchers can expand on these results and review them in
country-specific settings. Practitioners, predominantly governments and
NGOs, should perceive the new opportunities of the blockchain and apply
them to development obstacles.