Can We Reduce Extreme Poverty?

Together with the six billion people in the 21st century, the challenge of our generation is getting even bigger. When reading the article of worldhunger.org, according to statistics of the UN Food and Agriculture Organization, one in eight people on Earth suffered from chronic malnutrition from 2010 to 2012 (page 2). Extreme poverty is a very controversial issue and the population of the world today is only one dollar a day. According to Paul Collier's report by The Bottom Billion (2007), 70% live in the continent of Africa and the rest are distributed between Asia and South America.

The purpose of this paper is to identify possible causes of poverty and to propose possible solutions or recommendations to reduce or eliminate extreme poverty. First of all, this paper examines the definition and metrics of poverty, then explains the various causes of poverty. Finally, this paper concludes with some suggestions and discussions. However, in this paper the definition of poverty by the United Nations and the World Bank is used. In 1998, the United Nations explained poverty as an infringement of human dignity in a statement that humans are deprived of choices and opportunities. The World Bank expresses poverty as a clear loss of happiness including various factors. Because the income of people living in poverty is small, we can not purchase the basic goods and services necessary to live with dignity.

Banking services are an important element for poverty reduction. Access to affordable banking services can accelerate economic growth and stability, promote innovation and reduce income disparity. These benefits of the banking industry can help to achieve the goal that the world's population will eradicate extreme poverty. We are addressing these challenges through block chain technology and building a comprehensive financial ecosystem of bank accounts and bank accounts. The Flashmoni ecosystem can be divided into three basic components: a cryptographic currency token, a tool without a bank account / bank account, and an advertisement solution.

How can we promote world peace? We can do this by helping to reduce extreme poverty. Poverty is one of the fundamental causes of conflict, as the competition for limited resources can be attributed to violence. Our contribution to peace and security allows individuals to live decent lives and help their families every day through sustainable options. You may wonder: what is a sustainable choice? It can be defined as any food, clothing, household items or furniture that you can purchase and can be recycled without compromising the environment. Sustainability also means that people involved in manufacturing products have a fair wage and can work in a safe situation.