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Blockchain technology can help empower women

 

The Director General of the World Trade Organization and former foreign and finance minister of Nigeria, Ngozi Okonjo-Iweala see that blockchain technology could help empower unbanked and underbanked women around the world. Since blockchain brings transparency to business using blockchain and removes intermediaries, this particular finance area has the ability to introduce and will be beneficial to women that are excluded from access to finance. Many countries don’t allow women to access financial services more than men. Experts proposed using cryptocurrency and blockchain technology to promote financial inclusion in areas that lack the same infrastructure as developed countries, particularly women that face long travel accessing credit providers and restriction on opening bank accounts and not even being allowed to legally own a property. 

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