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Poverty and the Blockchain Smart Contract


The blockchain technology is next big paradigm.With its security,blockchain can assure instantenous crypted transactions.We talk now about decentralized systems that aim to make everyone contribute to the blockchain network.
Notice: you don't have to understand blockchain in order to read this article
This article has no purpose to explain blockchain mechanism.

Smart contract are programmed to execute instructions when the conditions are met.

For example Alice gives 5 BTC to Bob to purshase a bicycle .Bob receives the 5 BTC but how can we assure that Bob gives the Bicycle to Alice .Simple as that when the transaction Alice to Bob is executed 5 BTC will go from Alice to Bob and if Bob don't give the Bicycle to Alice the smart contract will be autcomatically executed and the 5 BTC  will go back to Alice.

So smart contract assure the transaction and avoid stealing properties.

"Code is the law"


the next subject is an idea how to make a financial equilibrium in the world.
as the blockchain network grows,contribution of killing poverty is predictable.We will write a smart contract that substract a small amount of the blockchain balance of a node in the network.Next we will create a robot that make a report of poor nodes then tag them.the small amount will go to the poor node reaching a certain edge mentionned in the smart contract.


This will create an equilibrium in the network.the small amount multiplied by 7 billion node will be distribued to the poor nodes.This will assure a certain minimum level of good living in the world.


I hope that you get this simple idea.Blockchain smart contract is a worderful technology that can solve many problem of the humanity's egoism.



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