Foreign Correspondent

Foreign Correspondent

Blockchain Island
ABC  |  July 24, 2018
Classification: Not Classified Classification: Not Classified
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Ten months after Hurricane Maria pummelled Puerto Rico, many of the Caribbean island's 3 million-plus people are still - literally - picking up the pieces. Yet the winds had barely abated before Puerto Rico was rushed by entrepreneurs from the US mainland, bringing with them a promise of prosperity built on crypto-money and blockchain technology. A blank stare is what you get if you ask most Puerto Ricans about how blockchain might change their lives. After 500 years of exploitation and dashed hopes under Spanish and American colonists, many are wary of big promises. Some are downright hostile.

Ten months after Hurricane Maria pummelled Puerto Rico, many of the Caribbean island's 3 million-plus people are still - literally - picking up the pieces. Yet the winds had barely abated before Puerto Rico was rushed by entrepreneurs from the US mainland, bringing with them a promise of prosperity built on crypto-money and blockchain technology. A blank stare is what you get if you ask most Puerto Ricans about how blockchain might change their lives. After 500 years of exploitation and dashed hopes under Spanish and American colonists, many are wary of big promises. Some are downright hostile.

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