Dacxi Chain Review: The social impact of a thriving innovation sector
2022.04.19 18:11
Dacxi Chain Review: The social impact of a thriving innovation sector
When it comes to the fundamental purpose of business, there are two schools of thought. One the one side you have the traditional conservative commercial lobby, who believe hand-on-heart that the sole reason to be in business is to make money. On the other hand you have the left-leaning liberals who will tell you business’s principle reason for being should be to create ‘social good’. But are those two points of view really mutually exclusive? Dacxi doesn’t think so. Especially considering everything innovative new ventures can bring to the table.
With the right funding, innovative business ventures have extraordinary potential to quickly generate wide-spread economic growth. The past few decades of rapid economic growth in certain parts of Asia is undeniable testament to that. And with growth comes higher employment, better education, improved healthcare and raised overall living standards.
The correlation between business and living standards.
In the world’s developing countries, the correlation between business success and elevated living standards is immediately clear. Where we see increased business activity, we also tend to observe long-term improvements in the key metrics of living standards and quality of life:
- Income
- Healthcare
- Education
- Women’s rights
- Infant mortality
- Longevity
- Safety
- Security
- Leisure
- Freedom
- Environment
The benefits of business success are evident in developed nations, too. We can see that as commerce clusters in certain areas, others visibly struggle. For example, in the USA the contrast between Silicon Valley and much of the rural South is stark. They’re in the same country, yet they’re literally worlds apart. Shift focus to innovation enclaves like Austin, Texas, where new ventures have generated vigorous economic activity, and it seems like Silicon Valley could be just across the county line.
So, what’s the difference between vibrant Austin and depressed rural Alabama just a few hundred miles away? Austin has harnessed the latent entrepreneurial spirit of the population and provided an environment where they can thrive. And they’ve done it by providing easy access to venture funding for small tech-based businesses with big potential.
Translate the same thinking anywhere else in the world and you can expect to see similar results. More economic activity correlates to improved living standards. That’s why Dacxi believes that the answer to many of the world’s social and economic inequalities lies with unleashing the innovative power of the entrepreneur.
Entrepreneurs are the future.
Entrepreneurs have the power to change the world. With the right funding behind them, they can provide solutions to countless problems facing the world. Improving lives, delivering equality, creating wealth and distributing it fairly.
It’s a great vision. There’s just one problem. The current innovation funding ecosystem is biassed and broken. Dacxi estimates that as many as one million worthwhile projects a year are lost to the world, all because of lack of adequate funding
At Dacxi, we believe that great ideas can come from anywhere. Innovation is blind to race, religion, and culture. There are just as many amazing ideas and entrepreneurs in Peru, Vietnam, Bosnia, Pakistan as there are in Silicon Valley or Shanghai. The issue is that there has never been a funding system that enables entrepreneurs to realise their potential.
Until now.
Tokenization technology will change everything.
The Dacxi Chain is a unique global tokenized equity crowdfunding system that will overcome the flaws of the current Early Stage funding system. Using the power of tokenization to create digital versions of company shares, the Dacxi Chain will make innovation funding easier to get and more plentiful than ever before.
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 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 these innovators and investors simply and easily. All in a regulated, well-managed environment that gives success its very best chance.
The economic multiplier effect.
The economic multiplier effect means that small changes in economic growth can yield very large improvements in income. Businesses do not exist in a void; they consume local goods and services. Around a single successful core business, an entire local ecosystem will spring up to service its needs, the people it employs, and their families.
In addition to creating prosperity, innovative businesses can make socially important goods and services more available to more people. Experience in developing countries has shown that new ventures tend to concentrate on products that they know their fellow citizens want, need, and are specific to their own country’s unique conditions.
For example, in East Africa, the water filter units supplied by foreign aid organizations simply didn’t work, because they had been designed for Europe’s high pressure water reticulation systems. A local engineer recognized this issue, and designed and manufactured a water filter that worked with the very low water pressure found throughout most of the region.
Entrepreneurs increase competition.
By establishing new businesses, entrepreneurs intensify competition. This tends to do two things; force prices to go down, and quality to go up. That means relative incomes increase, and there is greater choice. If established companies want to stay in the market, they have to step up and make their products more attractive – either by reducing the cost and/or improving quality and performance. Either way it’s a win for the local people and a direct social benefit of entrepreneurial activity.
The Dacxi Chain tokenized global equity crowdfunding system is an agent of change.
Entrepreneurs are naturally inclined to create economic value, which benefits not only themselves, but also society at large. These entrepreneurs can be found in every country in the world. But until now, they’ve lacked the right amount of equity crowdfunding, accessible at the right time.
On the other side of the investment equation, countless people all over the world are seeking to grow their wealth by investing in viable new ventures. For the first time, these entrepreneurs and investors can be connected, with the Dacxi Chain tokenized global equity crowdfunding platform.
The impact will be incredible. Innovation worldwide will explode. And with it, underdeveloped areas and nations will experience growth and improvements in living standards they never thought possible.
For the latest information on Dacxi Coin and the Dacxi Chain, visit dacxicoin.io. You can download the Lightpaper, and join the Dacxi Coin telegram community. For media enquiries please contact pr@dacxi.com
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