“BanQu estimates that 2.7 billion people around the world are “unbanked,” meaning they lack an economic identity. But of those 2.7 billion, 60 percent have mobile phones. BanQu’s platform enables people to use an app to set up a digital identification profile where they can record transactions like remote purchases, funded wallets, and cash disbursements, as well as property, health, and education records.
BanQu states that its platform lets people “build a recognizable, vetted identity, which is the base prerequisite to participating in any form of ownership or transactions in the global economy.”
User data is stored in BanQu’s blockchain. Given the widely distributed and sensitive nature of user data, blockchain technology provides critical advantages over traditional centralized ledgers. Data can be shared between users directly, without a central administrator, and it’s secure and immutable…”
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Where this connection take the next generation. What will be the category of those are connected from those that are not. Can bitcoin revolutionize how the next generation categorize it’s world.
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