Dacxi Chain Review: Eliminating The Reasons Behind Illegal Economic Migration
Families rounded up on the US border, overloaded boats sinking off the coast of Australia, containers in Italy packed full of people, Paris streets turned into tent cities. For the past decade the media has been full of stark images of the human toll of illegal immgration.
Economic migrants are trapped between the third world where they are shackled by poverty and the developed nations who view them as an existential threat. Yet, research shows that the overwhelming majority of economic migrants would prefer to stay at home if they could. Leaving your family and culture on the vague promise of a more prosperous life somewhere thousands of kilometres away is a risk most people would prefer to avoid.
What drives economic migration?
Sociologists speak of the Push-Pull factors influencing migration. On the Push side there are internal conditions within the migrant’s own country, which force them to seek a new life elsewhere. These conditions include:
- Lack of basic services
- Low employment level
- Environmental issues like drought or flooding
- Poor access to education
- Inadequate healthcare
- Human rights
On the Pull side we have factors which attract people to another place. In general these factors are the opposite of those which Push people out. As a side note, the irony we shouldn’t lose sight of is that these were the very same things that drove European mass colonization to the ‘New World’ in the eighteenth and nineteenth centuries.
So how do we make staying home more attractive for ambitious people who want to improve their financial situation?
White saviorism is not the answer.
Helping the developing world become more stable and sustainable is in everyone’s long-term interests — for the health of the global economy, and to relieve pressure on developing countries’ ability to cope with increased migration. But after more than 50 years of intensive development aid and charitable missions in Asia, Africa and the Middle East the problem of economic migration is getting worse, not better. It’s clear that another solution is required.
The seeds of conflict.
The destabilizing effects of fighting can ripple a long way. Recent wars in Africa and Syria have seen an enormous displacement of people and consequent waves of illegal immigrants heading to Europe. Even if they are not in the actual war zone itself, people can find the fighting is devastating to their prospects for the future that their only option is to leave the country.
The cause of war can often be traced back to economic factors. Inequality is a strong motivator to take up arms. That can be especially acute in economically deprived places where it seems like people have little to lose by resorting to violence. The Rwandan genocide is a case in point. Before the killing began, Rwanda was the most densely populated country on earth next to the Netherlands. Competition for agricultural land which was controlled by the Tutsi minority was intense, and most Hutu were locked out. Once the majority of Tutsi had been killed, the Hutu turned on one another as they attempted to seize the inordinately precious plots of land left behind. At its core the genocide was a land grab not a tribal vendetta. If like the Netherlands, Rwanda had had a economic base not solely dependent on inefficient small-scale farming it’s arguable that the genocide would never have happened.
Entrepreneurs have the power to change the world.
High paid jobs in rapidly growing profitable companies is the only proven source of long-term wide-spread wealth creation for the masses. The only creator of the economic equality necessary to halt the inevitable tidalwave of economic migration that is guaranteed to overwhelm the wealthy first world.
It starts with the business creating and driving entrepreneurs. There is no shortage of motivated entrepreneurs and great investable business ideas in every country in the world. From Peru to Poland to Pakistan, those people and ideas are in the same proportion as in California.
It is always more difficult to start and drive a business outside of the first world economy yet by far the biggest challenge is gaining that early stage risk capital to success. Getting enough capital, fast enough without undermining conditions.
This ‘right capital’ is hard enough in Silicon Valley, even harder outside of Silicon Valley in the USA, even harder outside of the USA in a developed country so in the rest of the 95% of the word, its nearly impossible. Its why so many make the pilgrimage to Silicon Valley.
Dacxi estimates that as many as one million worthwhile projects a year are lost to the world, all because of lack of adequate funding. But with the money they need behind them, they can provide solutions that improve lives, deliver equality, create wealth and distribute it fairly.
The world’s first tokenized equity crowdfunding platform.
That belief is the genesis of the Dacxi Chain, the world’s first tokenized equity crowdfunding platform.
The Dacxi Chain is designed with the belief that innovation is blind to race, religion, sex and culture. There are countless fantastic ideas and entrepreneurs in every country. With the right funding, they can and will change the world for the better.
There are also countless people in every country who want the buzz of investing in great businesses. They just need the system, support and the confidence to do it. The Dacxi Chain will connect entrepreneurs and investors simply and easily in a regulated, well-managed environment that gives success its very best chance. And all in the entrepreneurs’ home country.
The Dacxi Chain uses blockchain technology to deliver a level of innovation funding unlike anything seen before, and enable it to be distributed fairly and equally everywhere in the world. When there is no longer such an unfair divide between the economic and social ‘haves and have nots’, everyone benefits.
Founding local business ecosystems.
Around a single successful core business, an entire local ecosystem will spring up to service its needs, the people it employs, and their families. It can also lead to an immediate positive impact on quality of life.
Nokia was a rubber-boot manufacturer who exploited the new area of telecommunications and not just made fortunes for its shareholders, it seeded literally thousands of tech companies who turned Finland into one of the most vibrant tech countries in the world.
In third world nations entrepreneurs tend to generate products that their fellow citizens need and will work under local conditions — as this example demonstrates:
Poor water quality is the single most serious health issue in the developing world. Water filters supplied to an area by a foreign aid organization didn’t function, because they were designed for Europe’s high pressure water systems. A local entrepreneur recognized the issue, then developed and successfully marketed an improved water filter that would work with the low water pressure common to Africa.
That simple invention not only allowed the entrepreneur to develop a prosperous business in his own country, generating employment and paying taxes, it also helped improve the health of local people.
By introducing an efficient worldwide system of equity crowdfunding based on the unique capabilities of tokenization, the Dacxi Chain can help reduce or even eliminate many of the Push factors leading to economic migration and let more people stay and prosper in their own country.