A tale of two civilizations in the era of Facebook and blockchain |
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Authors: | Hernando de Soto |
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Affiliation: | 1.Institute for Liberty and Democracy,Lima,Peru |
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Abstract: | Five billion people in the world do not have the kind of ledgers that provide the documented information that allows them to transfer, partition, and aggregate assets and talents in such a way that they can be scaled up, secure investment, guarantee credit, certify reputation, and capture abstract surplus value. The difficulty that most people have in making combinations is a major cause of global inequality and unnecessary poverty. |
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