Pump it to web3
It is ALL about potential. I have talked severally concerning the possible future cetering web3. There is indeed a lot to offer to the global economy. My last article talked about profit on page, an idea that drew my attention to something related. Easy financial dissemination has always been a challenge of the old system. Currently, there is a household vulnerability government program that is going on within our nation and the mode of delivery seems slow. Anyway, at least we have to thank God for the fact that this support department have awakened from sleep. We only hope it last.
This empowerment is mostly for households meaning a few percentages of youth will benefit depending on where and who you are living with. How will the issue of youth empowerment be strongly addressed? There has been issues of unemployment with an ever-increasing labour market. We all know a massive number of Nigerian youths knows how to use the Internet. Can this be used by the government to salvage unemployment challenges? Of course.
There have been many attempts of such programs yet it seems it has always ended up in futility or should I say ‘near futility’. humans in between a huge amount of sponsoring funds will always involve flaws. greed will indeed set it; corrupted dissemination system is one of them. Some regions may be more favoured than others. This will continue to be the challenge of centralized system. Is there no way this can be curb? It is a matter of understanding the best pattern to empower the youth. As I earlier said, a huge percentage of our youth are on the internet.
This is where a web3 patterned of youth support should step in. I always like to use some attributes surrounding the Hive ecosystem to give a much better explanation. Take for instance how the rewarding system operate here, the overall success of the day is shared between all faithful users. Of course we have to admit the importance of stakes and other income generating activities that can surface this. The best way to sponsor the youth is to give them something doing with appreciable rewards.
I don’t know if my idea is yet clear. Hive is a means of employment (wok from home to be more precise). How would it look like if the government had a huge stakes on this ecosystem with the idea of creating more daily rewards that can be given back to the masses. Instead of them making a one time donation support, this particular one will be different, as long as they keep showing up for platform activities, rewards are likely.
source
For me, this idea is a win-win. Instead of directly giving out fund donations, they can keep the funds in terms of stakes while allowing enough financial inflow to be occurring in the ecosystem for much tangible rewards. Adding to this, these funds will be well monitored, we know anyone can access your transaction history on Hive. The youths needs to be trained how to fish rather than just given fishes. I feel the government needs to start pumping money into web3 work and rewards ecosystems.
It will definitely salvage the challenge of millions of youths in our country. I am not a fan of this one time empowerment pay. Looking from this presented idea, many will learn about long term investment. I think I have talked about how a more populated investment minded environment will help sustain the economy. Many will in the process go long term, it will in entirety add value to the ecosystem in terms of both price and utility.
Many countries of the world need to turn their attention to how they can use the new technological systems to either boost or salvage their economy. One thing always leads to another. The absence of jobs has led to inconveniences; increase in crime waves, malnutrion, angry MOP activities and so on. If web3 can help out, let it be applied sentiments aside.
To conclude, let me add, I think this idea is easier said than done yet I must say at least it was first voiced out. Who knows who can build from this idea. digital realm opens door for poverty eradication. It is all about flexibility; easy investment, easy job creation and the rest of the likes. We are looking for a more rewarding system and one should not doubt web3 possibilities.
Posted Using INLEO