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A Realistic Look at UBI Powered by Terra
How Anchor Protocol could make the world’s most difficult social policy a breeze.
As the prospect of sufficient minimum wage grows bleaker for the poor and less educated, we have seen ideas such as Universal Basic Income catch some attention recently.
A growing number of countries are looking at UBI as an alternative to welfare. But the key question everyone keeps asking:
How could it ever work?
In this piece, I hope to present a possible scenario where the blockchain could become a realistic opportunity to implement universal basic income worldwide. I think you will notice that we are closer to that scenario than we think.
In the age of the pandemic, stimulus checks and unemployment programs have made Universal Basic Income a hot-button topic in the United States and other parts of the world. It has given us a sneak peek of the benefits resulting from a universal basic income program and made people wonder what a world with it would be like.
This has made opinions grow louder than ever before, concerning the topic. However, in this piece I am going to break down an idea presented by a charity protocol on the Terra blockchain:
