Ronish Baxter builds blockchain platform to fight poverty

Ronish Baxter believes that by bringing together decades of research into cryptography, game theory, distributed computing systems to mention a few of the key building blocks.

Suncom Infotech CEO, Ronish Baxter has developed and is launching the blockchain technology platform, keeping in mind that an economic identity is essential to break loose from this poverty cycle. In the coming months, the company is going to introduce a feature in the innovative application that his company is building which would help build a vetted, recognizable identity that would be a prerequisite to participate in any form of transactions or ownerships in the global economy. The secure and established nature of the blockchain will provide a means to share sensitive data without the need to bother about the information getting altered along the way or getting lost.

We asked Ronish Baxter, CEO of Suncom Infotech for the core reason of this development to aid the poverty sector. Ronish Baxter said that it can help in many ways like:

• Send aid without corruption
• Economic Identity & banking
• Allowing access to digitally secure and politically neutral ‘store of value’ as a means of saving

As indicated by the World Bank’s global financial index, there are nearly 2.5 billion unbanked or underbanked people all over the world, which represents a quarter of the total populace. For this number, the failure to get access to financial systems and transactions can be weakening as far as not having the capacity to anchor life changing resources.

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