This post is originally published in Data Driven Investor.
“End Poverty in All Its Forms Everywhere” is the first of the 17 Sustainable Development Goals (SDGs) or Global Goals set up by the United Nations General Assembly in 2015. Poverty is intended to vanish by the year 2030. The reality, however, is entirely different. Even before COVID-19, the world was way off meeting the target by close to 6%. But, with the pandemic, the end goal is further delayed. An additional 71 million people were pushed into extreme poverty in 2020. The percentage of people living below $1.90 a day has increased from 8.2 in 2019 to 8.7 in 2021. There are several reasons why people are living in such dire conditions. Many of these problems can be addressed by broadening access to technologies, such as Blockchain, AI, Telecommunications, and Cloud Computing.