Sharon Thomas

This blog was started in loving memory of Christ Kengeri Campus,Bangalore and now dedicated to all my students ...

Tuesday, January 2, 2018

Online Barter System and Microfinance

Dear Friends ,

https://www.facebook.com/sharonhaidear/

Give me a like if you are able to understand the concept..
Iam ready to clarify your doubts and also I need to learn from your doubts ...

Now let us analyse  the present situation ... See the following video ...



Also See this video




FAQ


Is there money involved in Barter system ?

Yes , Money cant be fully abolished as every commodity cant have same value..The difference has to be paid through online banking or wallets


What will be the result if an app is launched or all started using Whats App group with a wallet and Chat list attached with a concept of No need of Brands in their mind ...  ?

Constraints
1. People may depend may have to depend on walets than Liquid cash in the near future.
2.There will be a difference in the value of goods or service or idea exchanged for which a paperless currency may be used.But it uses encrypted algorithm ..

Suggestion
1. Indian Currency must be used and we must support India by consuming Indian products more in the barter system ..

             So if things are clear please comment what will happen if 1000+ apps are developed in a row. Because the concept is out to many software engineers..

Conclusion
               We have to wait and see..One thing is sure .. Things will go faster but in reverse direction ... It is said that Barter system originated around BC 6000 ...


Reference 
https://en.wikipedia.org/wiki/Barter
https://www.mint.com/barter-system-history-the-past-and-present


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