A Realistic Look at UBI Powered by Terra

How Anchor Protocol could make the world’s most difficult social policy a breeze.

Adam J. Cheshier
13 min readAug 19, 2021
Photo by Jp Valery on Unsplash

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:

--

--

Adam J. Cheshier

Documenting obscure pockets of the world across long-distance overland expeditions. Recently celebrated 7 years of nomadism. https://linktr.ee/adam.cheshier