Empowering Nigeria: How Blockchain Technology is Transforming Lives through Hive

Nigeria is one of the most populated countries in Africa situated in the western region of the continent. The effect of overpopulation has caused instability in the country, such as unemployment, an increase in the crime rate as a result of no source of income, and other financial constraint amongst citizens. Through the emergence of blockchain technology, many limitations to improving standards of living have been mitigated ranging from financial inclusion, economic empowerment, and transparency. Hive is seen as a good example of blockchain technology that solves societal real-life problems. Below are the significant benefits of #hive as blockchain technology:

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Financial Inclusion:

Due to the overpopulation in Nigeria, most citizens lack access to commercial banks for their financial transactions like payments, savings, lending, and lots more. However, #hive is a platform that solves such challenges by offering a feeless, transparent, and profitable transaction. The platform is operated with digital wallets where transactions are cross-border; meaning the trusted platform has grown beyond the confine of a particular country but embraced across the globe.

Economic Empowerment:

As earlier mentioned above, overpopulation in Nigeria has caused limited jobs for citizens; but the decentralized platform, #hive has created new opportunities for developers, artists, singers, etc by offering active and passive earning avenues for the users. To further explain this, the platform has given the opportunity to sing and earn, write and earn, play and earn, etc thereby causing Nigerians to sharpen their tech skills and grow in it.

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Transparency and Governance:

Nigeria is faced with a high level of corruption due to poor governance, this is why the currency keeps devaluing when equating the current rate with the dollar. The decentralized nature of #hive has promoted the transparency and accountability of users which directly reduces opportunities for manipulation and fraud.

Others:

Just like the hive-Ghana community, #hive can meet the basic amenities of my society, such as offering improved healthcare, education, and social services, leading to more efficient and equitable access for citizens. For now, with Hive, I was able to offer Christmas packages to children in the streets and ghettos, this can as the result of the Zealy campaign that was initiated by the #inleo community proudly founded by @khaleelkazi.

This article is written in InLeo

Inleo is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH, and Polygon blockchains. Our flagship application: Inleo allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Posted Using InLeo Alpha