Innovative Cellblocks Cryptocurrency Poised to Transform Prison Economy

Cryptocurrency is revolutionizing the global economy. Nowhere is this more apparent — and necessary — than within the prison financial system. Because it has long been rec-ognized as an inefficient and ineffective method of funding inmates’ needs, CellBlocks is undertaking the challenge and transforming the industry.

The prison population just in the United States stood at more than two million people as of 2014 and growing. In an environment that’s already rife with violence, the present financial system not only allows such acts to flourish, it actually encourages them as a means of achieving a coveted status. CellBlocks addresses every weakness the current system perpetuates with solid solutions that are cost-effective, transparent, safe and accurate. For decades, prisoners have been using a barter system. This breeds theft and violence. Implementing CellBlocks eliminates any possibility of theft, helping to reduce the violence that it encourages.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/cellblocks-cryptocurrency-to-transform-prison-economy/