Good article in The Wall Street Journal on blockchain and its impact on trade using elements such as smart contracts.
I would also propose the impact of blockchain on making the world a better place in three specific ways :
1. Enabling digital blockchain based economic identities for refugees so that they are treated with dignity and respect, eliminating the long-term stigma of being a refugee.
2. Enabling local entrepreneurs in poor countries to connect with the global supply chain so they can break the cycle of never ending micro-loans. Supply chains enabled with smart contracts will get farmers in Congo, Myanmar, Bolivia etc. true access to trade and financial inclusion and a permanent step out of poverty.
3. Turning remittance money into diaspora investment capital for fragile / conflict states in a way that builds GDP from the ground-up and breaks the chokehold of remittance fees. Leveraging true KYC for mobile money will open up the global diaspora capital flow and create resilient communities in places like Ethiopia, Gaza, and Guatemala.
This is not a theory or pipe dream, it’s what we are doing at BanQu every day !!
Check out our use case videos at http://www.banquapp.com/about/learn-more/