Can the Cardano Blockchain Boost Economic Development in the Global South through RealFi?

Abstract

This paper explores the potential of Cardano (a proofof- stake blockchain platform) as a Web3 ecosystem (a decentralized internet built on blockchains, which are distributed ledgers controlled communally by participants) that could boost economic development in the Global South (encompassing emerging economies from Africa, Latin America, the Caribbean, Asia and Oceania) by reducing the time, costs and complexities for doing business, therefore facilitating job creation and wealth generation through RealFi (an ecosystem of products integrating digital assets liquidity with real world economic activities) by way of scalable, sustainable, and interoperable digital solutions.